ByteDance
US appeals courts dismiss government’s appeals of TikTok rulings
Two US appeals courts dismissed the Justice’s Department’s legal challenges to court rulings that barred a Trump-era effort to ban new downloads of Chinese-owned video-...
Facebook and Instagram will invest over $1 billion in content creators
Facebook will spend a cool $1 billion on social media creators through the end of 2022 in a fight for talent. The announcement comes in a week when TikTok became the first rival mo...
US ask courts to dismiss government appeals of TikTok ruling
The Biden administration has asked two federal appeals courts to dismiss the Justice Department’s legal challenges to court rulings that barred a Trump-era effort to ban new ...
TikTok tells employees to return to office for three days a week
Popular short-video app TikTok has told its employees that some will be offered the option to work remotely for up to two days a week after they return to office, according to an i...
TikTok owner ByteDance’s 2020 revenue soars, net loss at $45 billion
TikTok owner ByteDance’s total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by journalists.
TikTok owner ByteDance launches share buyback after shelving IPO plans
ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matt...
ByteDance founder to step down as CEO, hand over to college roommate
Zhang Yiming will step down as CEO of TikTok-owner ByteDance, leaving the task of navigating a rising number of Big Tech regulations worldwide to college roommate, long-time collea...
Bill to ban TikTok on US government devices passes committee
The Senate Homeland Security and Governmental Affairs Committee unanimously passed a bill that would ban federal workers from downloading the popular app TikTok onto US government ...
Italy’s regulator asks TikTok for further action on users aged under 13
Italy’s data protection regulator has said it had asked the viral video-sharing app TikTok to strengthen measures to prevent young users from accessing the platform after the...
TikTok names ByteDance CFO Shouzi Chew as new CEO
TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company has said.
ByteDance says India’s freeze on bank accounts is harassment
ByteDance has told an Indian court that a government freeze on its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally, according to a fil...
Pakistan court lifts ban on social media app TikTok
A high court in Pakistan said the country’s telecommunications authority can lift a block on social media app TikTok, after government officials said the company was working ...
ByteDance says it is ‘bleeding’ due to India bank account freeze
An Indian court has granted no relief to the developer of TikTok in a case where the company challenged the local tax authority’s decision to block its Indian bank accounts, ...
India blocks bank accounts of ByteDance, company mounts challenge
Indian authorities have blocked at least two of ByteDance’s bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit i...