ByteDance, the Chinese parent of video sharing app TikTok, could keep about 50 per cent of profits even after selling majority share of the platform's United States operations to American investors, according to a Bloomberg report citing sources.Under the new deal spearheaded by US President Donald Trump, ByteDance is set to retain licensing fee on all revenue generated from making its algorithm available to the US entity, and a share of the profit in proportion to its equity stake, sources told the publica ...

Mark Douglas, founder and CEO of MNTN, says too much focus is on TikTok's data and not enough on its revenue. He tells Romaine Bostick and Vonnie Quinn on "The Close" that much of TikTok's revenue comes from TikTok Shop, where influencers earn money. Without that income, he warns, creators won't stay on the platform. ...

The first thing to understand about the TikTok deal is that it’s not actually a deal—at least not in any official capacity yet. Trump’s executive order Thursday simply delays the Chinese social media app from being banned in the U.S. (as required by a law passed in the spring of 2024) for another 120 days, while the various parties seek to finalize an agreement. So there’s a lot we don’t know about the agreement, and there’s a lot that could change. But if you listen closely to everything that was said dur ...

MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday. The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the database giant co-founded by Larry Ellison. Together, the two will hold roughly 45% of TikTok’s U.S. entity. With other U.S. investors involved, American companies are expected to own mo ...

US stocks gained on Friday as investors breathed a relative sigh of relief over an inflation report that came in line with expectations. Wall Street also digested new data signaling souring consumer sentiment and President Trump's fresh round of punishing tariffs. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) rose roughly 0.6%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.4%. The gains marked a shift after three straight days of losses for the major US gauges. Still, all three majo ...

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This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The proposed UK subscription price is lower than in the European Union. Meta announced Friday that Facebook and Instagram users in the UK will be able to buy ad-free subscriptions, extending a model already in place in Europe, to comply with regulation. Starting in the coming weeks, UK-based users can opt out of personalized a ...

Former Meta global affairs chief Nick Clegg said Friday that tech companies should keep a distance from politics and people should feel "uneasy" about those firms intervening in the public space."I generally don't think that politics and tech innovation mixes very well," Clegg told CNBC's "Squawk Box." "I think it's quite good when they kind of keep each other at a certain, respectful distance."President Donald Trump's deal with China this week to keep TikTok alive in the U.S. includes heavy doses of both e ...

LOGIN SUBSCRIBE | FastCo Works advertisement BYÂ Reuters | Fast Company Newsletters "There was some resistance on the Chinese side, but the fundamental thing that we wanted to accomplish is that we wanted to keep TikTok operating, but we also wanted to make sure that we protected Americans' data privacy as required by law,†Vance told reporters at an Oval Office briefing. Trump's order says the algorithm will be retrained and monitored by the U.S. company's security partners, and operation of the algorithm w ...

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