TikTok’s international revenues boom to $9.1 billion despite looming fines
TikTok made $9.1 billion and its first profit in Europe and Latin America but faces a wave of lawsuits and investigations from European regulators.
TikTok made $9.1 billion and its first profit in Europe and Latin America but faces a wave of lawsuits and investigations from European regulators.
An exclusive excerpt from Every Screen On The Planet reveals how the social media app’s powerful recommendation engine was shaped by a bunch of ordinary, twentysomething curators—including a guy named Jorge.
The exact lineup of investors is still under wraps but the network of players is in some cases nearly half a century in the making.
Trump hinted the Murdoch heir might play a role in the deal to avoid shutting the app down in the U.S.
Trump said “young people” will “be very happy” about the deal, after previously saying he was open to just letting the app “die.”
Trump said a “group of very wealthy people” intends to buy TikTok.
Vice President JD Vance told reporters Friday there will “almost certainly” be some kind of agreement before Trump’s block on the TikTok ban expires April 5.
President-elect Donald Trump has suggested he would delay the ban following his return to the White House.
Meanwhile, Snap is poised to capitalize, while other popular Chinese apps like RedNote may be newly scrutinized.
Justices shot down concerns from the app and content creators that the law violates their First Amendment rights.