Walmart Stock Zooms On Joint Bid With Microsoft For TikTok As Kevin Mayer Exit Continues To Reverberate

Todd Spangler NY Digital EditorYouTube is launching YouTube Shorts: a new tool for creating and sharing short-form videos up to 15 seconds long, a format popularized by TikTok.The move by YouTube to copy TikTok comes as the future of TikTok remains uncertain. Oracle emerged as the top bidder to become the “technology partner” for TikTok, under a deal that requires the approval of the Trump administration.

Todd Spangler NY Digital EditorOracle could become the “technology provider” for TikTok under a deal reached with China’s ByteDance, Oracle said Monday, under a Trump administration order forcing the divestiture of TikTok U.S. assets.The software company’s official confirmation comes after Treasury Secretary Steve Mnuchin said in an interview with CNBC Monday that the U.S.

ByteDance has selected Oracle as its partner for a deal to keep TikTok operating in the U.S., a source familiar with the talks confirms to The Hollywood Reporter. The decision comes as ByteDance has rejected a bid by Microsoft that earlier this summer was seen as the likely option for the company as it looked to avoid a shutdown of the popular social media app amid increased tensions between the U.S.

TikTok’s Chinese parent company ByteDance has reportedly chosen Oracle as a “technology partner” for its US operations after Microsoft’s bid to buy the platform’s American branch was rejected.As reported by The Washington Post, two anonymous sources said that Oracle was chosen on Sunday (September 13) to be TikTok’s technology partner, and that the companies had brokered a deal to alleviate criticism brought on by the Trump administration.The sources said that TikTok recently put forward a

Jordan Moreau Microsoft’s bid to buy the U.S. operations of the Chinese video app TikTok was rejected on Sunday, the company announced.The tech giant was seen as a frontrunner to acquire the U.S.

South China Morning Post reports that the ByteDance board of directors wants to keep the site’s source code under its ownership, though a potential new owner for the site would be able to devise a new source code and sharing algorithm.

Reuters Friday.Reuters reported based on anonymous sourcing that “Chinese officials believe a forced sale would make both ByteDance and China appear weak in the face of pressure from Washington, the sources said.”President Trump previously took the unprecedented step of signing an executive order to ban TikTok from operating in the U.S. if ownership of the company’s U.S.

food items on regular display include a bull’s penis, frog smoothies from Peru, a wine made of baby mice that is consumed in China and Korea, and Sweden’s “surstromming,” an infamously putrid fermented herring.Many of the fermented beverages now being exhibited are equally stomach-churning.One is an ancient Korean beverage concocted for medicinal purposes from fermented child’s feces and rice.Ahrens points to a jug with a milky liquid, brewed with the help of a donation produced by his youngest

food items on regular display include a bull’s penis, frog smoothies from Peru, a wine made of baby mice that is consumed in China and Korea, and Sweden’s “surstromming,” an infamously putrid fermented herring.Many of the fermented beverages now being exhibited are equally stomach-churning.One is an ancient Korean beverage concocted for medicinal purposes from fermented child’s feces and rice.Ahrens points to a jug with a milky liquid, brewed with the help of a donation produced by his youngest

When Kevin Mayer left his big job running Disney’s direct-to-consumer streaming business in mid-May, it was because he had an even bigger job to look forward to: one that would involve running fast-growing social video app TikTok while serving as COO of its $100 billion parent company, ByteDance. But during his first three months as TikTok CEO, the app became a pawn in President Trump’s battle with China.

Todd Spangler NY Digital EditorNeedless to say, this isn’t how Kevin Mayer expected his bold career move to go.Mayer, after just three months on the job as TikTok’s CEO and chief operating officer of Chinese parent company ByteDance, said Wednesday that he is resigning amid the tumultuous geopolitical climate battering TikTok — led by Donald Trump’s anti-China agenda — which ultimately will force ByteDance to sell the TikTok app business in the U.S. (and likely other countries).

Donald Trump following a recent order from the Trump administration to ban the app in the US.Earlier this month, the US president ordered a ban of “transactions” with the owners of TikTok and fellow Chinese app WeChat.TikTok then said they were threatening legal action against the government, and this action has now arrived.In a new statement, TikTok says that Trump’s comments about the app violates TikTok’s right to due process, and that the president offers no reasoning for his claims that the

Dade Hayes editorTikTok, the rapaciously growing social media platform controlled by ByteDance, disclosed the size and surge of its user base for the first time in a lawsuit filed Monday against President Donald Trump.Privately held ByteDance, founded by Chinese internet entrepreneur Zhang Yiming, revealed it has 100 million monthly active users, up from 91.9 million in June and more than double the 39.9 million of last October.

Dade Hayes Finance EditorImax stock surged 9% Monday after the stellar debut in China for The Eight Hundred. The locally produced war epic took in $83 million over the weekend, the biggest Friday-to-Sunday tally for any international release in 2020.Multiple Wall Street analysts have also given Imax shares a boost, reaffirming their “buy” ratings on its shares and noting the company’s unique strategic position as theatrical moviegoing gets back on its feet.

Donald Trump and his administration.It comes after the US President ordered a ban of “transactions” with the owners of TikTok and fellow Chinese app WeChat earlier this month.The order states that the app has 45 days to find a new US-based owner or else Trump will ban the use of the social media platform nationwide.

Todd Spangler NY Digital EditorTikTok has a message for Donald Trump: See you in court.The short-form video app company, currently owned by Chinese internet giant ByteDance, confirmed that it plans to file a lawsuit challenging U.S. President Trump’s Aug.

Alexandra Del Rosario Associate Editor/Nights & WeekendsTikTok has taken its stance in the cyber clash against Donald Trump with plans to sue the president and his administration.On Saturday, the app, owned by China’s ByteDance, told The Wall Street Journal that it is preparing to issue a lawsuit against the Trump administration for its inability to follow due process.“For nearly a year we have sought to engage in good faith to provide a constructive solution,” a TikTok rep told WSJ.

Hilary Duff, The Jonas Brothers, Demi Lovato, Miley Cyrus and more used to film for the Disney Channel? Well, thanks to TikTok user Devin Davis (@devdeodav), an «Iconic Disney Stars Chain» was created that challenged former Disney stars to redo the promos… with a twist.Instead of drawing Mickey Mouse ears with an animated wand, Davis requested stars like Selena Gomez, Vanessa Hudgens, Ashley Tisdale, Debby Ryan, China Anne McClain and more use their nose to make the shape, with a special effects

Todd Spangler NY Digital EditorWithin two months, TikTok’s U.S. business likely will be under the wing of a new owner — after Donald Trump’s move to force China’s ByteDance to divest the popular video app over what he says are national-security concerns.Amid that backdrop of uncertainty, TikTok is carrying on in business-as-usual fashion: Starting this week in the U.S., it’s unleashing its biggest ad campaign to date, aiming to lure even more American users to the platform.