The September 20 deadline for a purported TikTok sale has already passed, but the parties involved have yet to settle terms on the deal. ByteDance and TikTok’s bidders Oracle and Walmart presented conflicting messages on the future ownership of the app, confusing investors and users. Meanwhile, Beijing’s discontent with the TikTok sale is increasingly obvious. China has no reason to approve the “dirty” and “unfair” deal that allows Oracle and Walmart to effectively take over TikTok based on “bullying and extortion,” slammed an editorial published Wednesday in China Daily, an official English-language newspaper of the Chinese Communist Party. The editorial argued that TikTok’s success — a projected revenue of about a billion dollars by the end of 2020 — “has apparently made Washington feel uneasy” and prompted the U.S.

BING NEWS:
  • Lessons For Marketers From The TikTok Bill Situation
    From a comms perspective, this “ban” language has not helped. Calling it a “ban” is a poor choice of words for those advocating for TikTok’s sale. As a communicator, the words we use matter, and a ...
    05/21/2024 - 12:30 am | View Link
  • TikTok buyout could cost $100 billion even without its algorithm
    A TikTok buyout in the US could cost a whopping $100 billion and still lack the algorithm that makes the platform special.
    05/21/2024 - 12:01 am | View Link
  • Got $1,000? 3 Stocks to Buy Now While They're on Sale
    Alibaba, Vici Properties, and Kraft Heinz are still great value plays. When it comes to the stock market, $1,000 might seem like pocket change. After all, a single share of many of the market's top ...
    05/20/2024 - 10:15 am | View Link
  • TikTok buyout could cost $100B – and won’t include the algorithm
    “Of course, TikTok isn’t worth as much without the algorithm. I get that. That’s pretty plain,” McCourt said. “But we’re talking about a different design, which requires people to move on from the ...
    05/20/2024 - 1:49 am | View Link
  • TikTok Sues U.S. Government Over Bill Requiring Sale
    TikTok parent company ByteDance today filed a lawsuit against the U.S. government in an effort to put a stop to the bill requiring TikTok to be ...
    05/8/2024 - 4:35 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News