TikTok establishes $200 million US-based fund to support content creators
Thursday, 23 July 2020 () TikTok is creating a fund of $200 million to support the app's popular US-based video creators. "In a relatively short time, TikTok has grown to become a source of income and opportunity for creators...
President Donald Trump told reporters aboard Air Force One Friday evening that he plans to ban TikTok. The popular music and dance app is one of many owned by Chinese companies. According to Gizmodo, the Trump administration believes the app is funneling user data to the Chinese government. The allegation has not been substantiated. Despite increasing federal scrutiny, Microsoft is in talks to buy the app, purportedly valued at $100 billion.
[NFA] China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said he had decided to ban the app, two people familiar with the matter told Reuters. This report was produced by Jonah Green.