Americans will hold four of the five seats on TikTok Global's board, with ByteDance's CEO holding the fifth seat. ByteDance investors will hold a majority of shares in the company.
Elon Musk's electric car company is likely to disclose specifications for at least one new type of battery cell that the company has been developing, and may give an aspiring start-date for manufacturing its own cells at scale, too.
Industry watchers say the big-box retailer's ties to TikTok could help it sharpen its approach to targeted ads, turn user data into business strategies and establish a relationship with the many teens and twenty-somethings.
"The Social Dilemma," a new Netflix documentary-drama on how technology companies have manipulated human psychology with dire consequences for our society, is unlikely to impact these businesses' bottom lines.
AT&T executive says Apple's 5G iPhones may not be the massive event some are expecting, especially given the economic realities of pandemic quarantines.
Appetite for VPNs surged in the U.S. over the weekend as citizens realized President Donald Trump could soon block their access to Chinese apps like TikTok and WeChat.
ByteDance said on Monday it was not giving up control of TikTok Global in the U.S. and said a claim that the U.S. Treasury would get $5 billion in taxes was just a "forecast" and would depend on how the business performed.
ByteDance's deal with Walmart and Oracle to set up the U.S.-based TikTok Global is "reasonable," Chinese state media said in relatively positive comments, adding that Beijing would still need to give its approval.
President Donald Trump said Saturday that he has approved a deal in principle where enterprise software maker Oracle and retail giant Walmart will partner TikTok in the U.S.
President Donald Trump said he approved a deal on Saturday that will see the creation of a U.S.-headquartered firm called TikTok Global with Oracle and Walmart taking minority stakes. Oracle will become TikTok's secure cloud provider and host U.S. user data.
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