Hints and tips:
...This is neither a recent development, nor is it unique to TikTok.”...
...TikTok’s active users reached 1.12bn, with a decline of 12mn in the final three months of last year. However, TikTok continues to gain better engagement from its more than 1bn active users worldwide....
...A TikTok spokesperson said: “We strictly adhere to the requirements of US tax laws....
...TikTok chief Shou Zi Chew also told the app’s users that, if passed, the legislation “will lead to a ban of TikTok in the United States”....
...Universal wants TikTok’s royalty money to go towards musicians, while TikTok wants the “royalty pot” to also be shared with fans who use AI to make their own tracks....
...In today’s newsletter: Jeff Yass’s TikTok riches Thames Water’s not-so-secure bonds FTC sues to block purse deal Jeff Yass fights for his TikTok fortune Jeff Yass made a prescient $80,000 bet on TikTok...
...Some clergy have become accidental TikTok stars....
...Separately, the EU executive said on Monday it has given TikTok 48 hours to address concerns over whether it had broken EU law....
...What can TikTok do to stop a ban?...
...TikTok has denied the Chinese government has any control over the app....
...The Biden campaign posted its first TikTok video on February 11, the day of the Super Bowl. It was viewed more than 10mn times....
...The group also paid Kellyanne Conway, a former senior Trump political adviser, to do TikTok-related polling. Trump has said he did not discuss TikTok with Yass....
...Few appreciate that TikTok is not available in China....
...TikTok is thus partly a tale about the investment cost of geopolitical risk....
...Universal wants TikTok’s royalty money to go towards musicians, while TikTok wants the pot to also be shared with fans who use AI to make their own tracks....
...TikTok is the star of social media. Upstart networks such as Donald Trump’s Truth Social and Meta’s Threads might reach thousands or millions of users, but TikTok’s audience exceeds a billion....
...There is at least a plausible case that a Chinese-owned TikTok poses a threat to US security....
...TikTok said: “These security concerns are misplaced — TikTok is not available in China and ByteDance is a global company that is not controlled by any government.”...
...The new TikTok bill gives ByteDance 270 days to divest the app, bringing the deadline past the US election in November....
...“Do we want TikTok as a platform to be owned by an American company or owned by China? Do we want the data from TikTok, children’s data, adults’ data . . . staying here in America or going to China?”...
...As the parent of a teenager, any harm to TikTok is a cause for celebration. In the memorable phrase of the former vice-president, Mike Pence, TikTok is “digital fentanyl”....
...Case in point: TikTok....
...Why can’t TikTok boss? / From WS Peng, Hong Kong...
...Meanwhile, other parties have expressed interest in acquiring TikTok from ByteDance....
...The bill would ban app stores from distributing TikTok unless ByteDance divests the app within 180 days after passage....
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