Results for: TikTok

As the US government pushes for Chinese owner ByteDance to divest TikTok’s US operations, analysts identify Microsoft and Oracle as likely buyers. The updated House bill provides ByteDance with a one-year divestment period. Wedbush analysts suggest that private equity firms and consortiums, including those backed by former Treasury Secretary Steven Mnuchin, may also express interest in acquiring the asset. However, Wedbush emphasizes the uncertainty surrounding the potential sale due to the absence of TikTok’s algorithms and possible legal challenges from ByteDance.

Eva Evans, a popular TikTok star and New York City influencer, has tragically passed away at the age of 29. Her sister, Lila, announced the devastating news on Instagram. Evans was known for her humorous and relatable content about her life in New York City, and she had amassed over 300,000 followers on TikTok. Fellow influencers and fans expressed their grief and shared tributes to Evans’ memory.

Despite the potential ban on TikTok in the US, candidates are still actively using the platform for campaigning. They recognize the importance of reaching their voters where they are, even if it means facing criticism for supporting a bill that could lead to the app’s demise. The political landscape, partisan divides, and the platform’s user demographics also influence candidates’ decisions on using TikTok.