Category : Search result: ByteDance divestiture


Trump's TikTok Ultimatum: US Buyout or Total Ban

Former President Donald Trump demands a full US takeover of TikTok, threatening a total ban if its Chinese ownership isn't severed. A dramatic intervention into a multi-billion dollar tech standoff.

TikTok Owner Launches $5bn Staff Share Buyback Amid US Pressure

ByteDance, the Chinese parent company of TikTok, initiates a $5 billion stock buyback programme for current and former employees, valuing the firm at a staggering $265 billion. This strategic move comes as the tech giant faces intense pressure from US law

UK Union CWU Campaigns for Total TikTok Ban

The Communication Workers Union calls for a total ban on TikTok in the UK, citing severe data security risks and potential Chinese state influence through its parent company, ByteDance.

TikTok Slashes Hundreds of UK Jobs in Major Restructure

TikTok has announced a significant restructuring of its UK operations, resulting in hundreds of job losses. The move impacts sales and advertising staff as the tech giant streamlines its European business.

White House Joins TikTok, Defying Trump's Ban Efforts

The Biden administration has launched an official White House TikTok account, directly challenging Donald Trump's attempted ban of the Chinese-owned app. The move comes just days before a critical court-imposed deadline that could force a nationwide dives

US House votes to force TikTok sale or face ban

The US House of Representatives has approved a bill that could force ByteDance to sell TikTok or face a nationwide ban, sparking debates over national security and free speech.

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