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TikTok facilitated $4.4 billion of transactions across Southeast Asia last year, up from $600 million in 2021, but it still trailed far behind Shopee’s $48 billion of regional merchandise sales ...
Corporate structure. TikTok Ltd was incorporated in the Cayman Islands and is based in both Singapore and Los Angeles. It owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).
Restrictions on TikTok in the United States. In April 2024, U.S. president Joe Biden signed into law the Protecting Americans from Foreign Adversary Controlled Applications Act, which is an effective ban or forced sale of TikTok from its parent company ByteDance. The video-sharing platform had sparked concerns over potential user data ...
In March 2024, the United States House of Representatives passed H.R.7521, which would effectively ban TikTok unless it is divested from ByteDance within 180 days of the bill becoming a law, with U.S. president Joe Biden agreeing to sign it if the bill passed the US Senate.
“I am addicted,” says 15-year-old Arielle Williams, who stays up late scrolling through TikTok. “When I feel like I’m getting tired I say, ‘One more video.’ And then I keep saying ...
Ahmed Othman isn't on TikTok and doesn't want to be. "They really tried to emphasize social media is a tool, but can also be like your worst enemy if you so make it,” Othman said. Now 17, Othman ...
Donald Trump–TikTok controversy. In 2020, the United States government announced that it was considering banning the Chinese social media platform TikTok upon a request from then- president Donald Trump, who viewed the app as a national security threat. The result was that TikTok owner ByteDance —which initially planned on selling a small ...
Roughly 60% of TikTok's regular U.S. news consumers are Democrats or Democrat-leaning, according to a 2023 study from the Pew Research Center – meaning that Trump may face a challenge using the ...
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