ByteDance is exploring the sale of a majority stake in TikTok's U.S. business, excluding its recommendation algorithm, amid legislative pressures after President Joe Biden signed legislation requiring a sale to a U.S. owner within a year or face shutdown. Concurrently, TikTok settled a dispute with UMG but faces ongoing uncertainty. Additionally, bipartisan leaders of the House China Committee have urged the FTC to investigate TikTok for potentially violating child privacy laws during a lobbying campaign against a U.S. ban. This campaign has also led to allegations of TikTok using children to influence Congress.
TikTok's NewFronts presentation to digital media buyers could be its last unless its owner finds a buyer—or lands a big win in court https://t.co/I4Vtxg1bQD https://t.co/I4Vtxg1bQD
On the last day of the IAB’s four-day NewFronts event, social platforms like Meta and TikTok pitched their short-form video offerings to advertisers — and the latter social media platform addressed the Senate's recent ruling to ban it in the U.S. https://t.co/PvN78pqBaT
The app’s NewFronts presentation to digital media buyers could be its last unless its owner finds a buyer—or lands a big win in court https://t.co/uCspKPjLOm via @WSJ Advertisers have kept a business-as-usual approach to spending on TikTok in the face of its potential…
TikTok should be investigated for its campaign to have users lobby Washington over legislation that could kill the video-sharing app stateside, the bipartisan leaders of a China-focused congressional committee said. https://t.co/F9c0J0NxCs https://t.co/F9c0J0NxCs
Lawmakers Demand Probe Into Allegations Of TikTok Using Children To Lobby Congress https://t.co/SoIWR6rTfj
Bipartisan leaders of the House China Committee are asking the FTC to investigate if TikTok violated child privacy laws with pop-up messages it sent in a lobbying campaign to avoid a U.S. ban, according to a letter obtained by @NBCNews. https://t.co/dsLhuE8j9k
While TikTok has settled its dispute with UMG, the future of the platform remains uncertain. Last month President Joe Biden signed legislation requiring TikTok parent ByteDance to sell to a U.S. owner within a year or to shut down. https://t.co/McN7zVOfZb
Creators react to ByteDance internally exploring scenarios for selling a majority stake in TikTok’s U.S. business—without its powerful recommendation algorithm. https://t.co/gTupFPQDa2 Creator Economy by @kyurieff