Tag: TikToks

TikTok’s Internal Estimates Show Even A Temporary Ban Would Cripple Its Entire Business Within Months

A U.S. ban would shatter TikTok’s business around the world even if the restrictions were later lifted, the company says in a newly filed court document.

A ban that stopped TikTok from operating in the States and lasted two months would reduce the number of Americans using TikTok each day by 40% to 50%, according to the document. Those figures worsen to a 80% to 90% drop in daily active users if the ban went six months, a move that would, essentially, deliver a fatal blow to TikTok’s presence in America.

The ramifications stretch beyond the States. TikTok says American-made content accounts for as much as 60% of the videos consumed by users outside the U.S. It is hard to imagine the company being able to maintain—let alone grow—its audience beyond America with such a drastic reduction in

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What TikTok’s U.S. deal means for its business in Europe

Sheldon Cooper | LightRocket | Getty Images

LONDON — To say it’s been a turbulent year so far for TikTok and parent company ByteDance would be an understatement. 

TikTok has been caught up in an intensifying geopolitical battle between China and other nations, with the short-video app facing bans in the U.S. and India, which was its largest market in terms of user numbers. Governments said TikTok’s links to China made it a national security threat, but the company has disputed this from the start.

It looked as though things may calm down after U.S. President Donald Trump gave his “blessing” to a TikTok deal with Oracle and Walmart on Sunday, but Beijing is yet to give its approval. What happens next is anyone’s guess.

Assuming the deal does go through, what happens to TikTok in Europe? Home to more than 100 million TikTok users and over 1,600 TikTok employees,

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The Week in Business: TikTok’s Last-Minute Save

Hi, everyone. Here’s your quick catch-up on the latest news in business and tech, plus what you need to know for the week ahead. — Charlotte Cowles

Dancing teens and influencers, rejoice: The TikTok ban has been averted, at least for now. Just hours before the Commerce Department was set to pull the popular video app TikTok from U.S. app stores, President Trump gave his “blessing” to a deal for the Chinese-owned platform to partner with American companies Oracle and Walmart. The agreement would reportedly put 53 percent of TikTok under American control, which satisfied the Trump administration’s concerns about China’s ability to use the app to spy on Americans. Less lucky was the Chinese-owned messaging app WeChat, whose ban is being contested in court.

JPMorgan Chase raised eyebrows when it became the first major bank to order more

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Oracle’s courting of Trump may help it land TikTok’s business and coveted user data

Neither TikTok nor Oracle outlined the details of the proposal, though it appears to fall short of Trump’s initial call to ban the app in the United States unless its operations in the country were sold to an American company. The proposed arrangement would allow ByteDance to retain ownership but outsource management of data to Oracle’s cloud-computing operations, according to people familiar with the deal who spoke on the condition of anonymity to discuss them candidly.

If that less restrictive arrangement is approved, it would seem to show that Oracle put itself in a position to persuade the president to dial back his earlier demands. Shortly after Trump’s 2016 election, Oracle chief executive Safra Catz served on his transition team. She has also dined at the White House with Trump. And Oracle co-founder and chief executive Larry Ellison hosted a fundraiser for Trump at his Rancho Mirage, Calif., estate in

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INSIGHT-How ByteDance’s CEO balked at selling TikTok’s U.S. business

Sept 15 (Reuters) – ByteDance founder and CEO Yiming Zhang’s decision to drop his pursuit of a sale of TikTok’s U.S. operations to Microsoft Corp in favor of a partnership with Oracle Corp was the culmination of weeks of pressure from China’s government and the Beijing-based firm’s investors, according to people familiar with the deliberations.

China’s opposition to a forced sale of TikTok, as well as concerns by major ByteDance backers such as Sequoia and General Atlantic over the financial hit of selling the popular short-video app in the United States for less than what it is worth, led Zhang to opt for the sale of only a stake to Oracle, rather than an outright divestment, the sources said.

It is a risky strategy. President Donald Trump has made it clear he wants to see an outright sale of TikTok to a U.S. technology company, amid concerns by national security

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How ByteDance’s CEO Balked at Selling TikTok’s U.S. Business | Top News

By Echo Wang, Keith Zhai and Joshua Franklin

(Reuters) – ByteDance founder and CEO Yiming Zhang’s decision to drop his pursuit of a sale of TikTok’s U.S. operations to Microsoft Corp

in favor of a partnership with Oracle Corp

was the culmination of weeks of pressure from China’s government and the Beijing-based firm’s investors, according to people familiar with the deliberations.

China’s opposition to a forced sale of TikTok, as well as concerns by major ByteDance backers such as Sequoia and General Atlantic over the financial hit of selling the popular short-video app in the United States for less than what it is worth, led Zhang to opt for the sale of only a stake to Oracle, rather than an outright divestment, the sources said.

It is a risky strategy. President Donald Trump has made it clear he wants to see an outright sale of TikTok to a U.S. technology

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How ByteDance’s CEO balked at selling TikTok’s U.S. business

(Reuters) – ByteDance founder and CEO Yiming Zhang’s decision to drop his pursuit of a sale of TikTok’s U.S. operations to Microsoft Corp MSFT.O in favor of a partnership with Oracle Corp ORCL.N was the culmination of weeks of pressure from China’s government and the Beijing-based firm’s investors, according to people familiar with the deliberations.

FILE PHOTO: Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. REUTERS/Shannon Stapleton

China’s opposition to a forced sale of TikTok, as well as concerns by major ByteDance backers such as Sequoia and General Atlantic over the financial hit of selling the popular short-video app in the United States for less than what it is worth, led Zhang to opt for the sale of only a stake to Oracle, rather than an outright divestment, the sources said.

It is a risky strategy. President Donald Trump has made

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