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TikTok is projected to achieve $32.4 billion in global ad revenue this year despite looming US ban concerns that put nearly $12 billion in advertising spend at risk. TikTok’s global advertising revenue is projected to reach $32.4bn this year, representing 24.5% year-over-year growth, even as the platform faces potential shutdown in its largest market according…
Reddit co-founder and investor Alexis Ohanian has joined billionaire Frank McCourt’s bid to acquire TikTok as a strategic adviser specializing in social media, Reuters reports. “He has that broad portfolio of experience … of where social media was and, I think, a keen understanding of where it’s evolving,” McCourt told Reuters. “Where he can help…
If you’re a fan of film and a fan of TikTok, you might have heard of Paloma Diamond. If not, keep reading — and watch Paloma Diamond pull you in. The internet inside joke revolves around a character created by high school teacher-turned-social media star Julian Sewell. The 29-year-old, from New Zealand, first went viral…
After more than 25 days, Apple and Google restored TikTok in the U.S Thrusday evening. Both companies removed the app from the App Store and the Play Store on January 18 in response to a national security law. Other ByteDance apps such as video editor CapCut and social app Lemon8 were also restored on these…
Elon Musk recently said he is “not chomping at the bit to acquire TikTok.” Musk made those remarks during an interview at the WELT Economic Summit on January 28. A video of the interview was published today. The interview came after President Donald Trump delayed a law requiring parent company ByteDance to sell TikTok or…
The developer behind Pixelfed, Loops, and Sup, open source alternatives to Instagram, TikTok, and WhatsApp, respectively, is now raising funds on Kickstarter to fuel the apps’ further development. The trio is part of the growing open social web, also known as the fediverse, powered by the same ActivityPub protocol used by X alternative Mastodon. The…
Perplexity AI has submitted a revised proposal to merge with TikTok, in an arrangement that would give the U.S. government up to 50 percent ownership of the new entity. The Associated Press first reported on the new proposal. A source with knowledge of the bid confirmed to TechCrunch that the AP’s reporting is accurate. The…
The Trump administration is negotiating a deal that would see Oracle take over TikTok alongside new U.S. investors, according to a report in NPR. Lawmakers passed a bill last year forcing Chinese parent company ByteDance to either sell TikTok or see it banned in the U.S. The app briefly went dark before the law took…
President Donald Trump has said he would be open to Tesla CEO Elon Musk or Oracle chairman Larry Ellison buying TikTok as part of join venture with the U.S. government. Trump was asked at a press conference on Tuesday if he was open to “Elon buying TikTok.” He responded that he would be, and added:…
President Donald Trump has signed an executive order aimed at restoring TikTok service in the U.S. The order instructs relevant government agencies to “pursue a resolution” that “protects national security” while “saving [TikTok.]” Via the order, Trump is instructing the U.S. Attorney General not to take any action for 75 days to enforce the Protecting Americans…