By , NEW YORK (Reuters) - Just a few months ago, 17-year-old Taylor Cassidy was spending hours flailing her arms in an attempt to pick up the latest dance move the “Renegade.”That all changed as Cassidy watched videos by Black Lives Matter (BLM) and eventually began creating video skits on TikTok to illustrate the racial injustice she and her friends face on a daily basis.“Because the BLM movement has been present in society for such a long time, my generation has been able to use TikTok to spread awareness through the lens of a young person’s mindset,” Cassidy, who is black, told Reuters...…By , NEW YORK (Reuters) - Just a few months ago, 17-year-old Taylor Cassidy was spending hours flailing her arms in an attempt to pick up the latest dance move the “Renegade.”That all changed as Cassidy watched videos by Black Lives Matter (BLM) and eventually began creating video skits on TikTok to illustrate the racial injustice she and her friends face on a daily basis.“Because the BLM movement has been present in society for such a long time, my generation has been able to use TikTok to spread awareness through the lens of a young person’s mindset,” Cassidy, who is black, told Reuters...WW…

United States WASHINGTON (Reuters) - President Donald Trump’s unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDance’s short-video app TikTok is based on an interpretation of U.S law that regulatory lawyers say may be open to challenges. The Committee on Foreign Investment in the United States (CFIUS), a U.S. government panel that reviews deals for potential national security risks, has given ByteDance until Sept. 15 to negotiate a sale of TikTok to Microsoft Corp, amid concerns over the safety of personal data that the...…United States WASHINGTON (Reuters) - President Donald Trump’s unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDance’s short-video app TikTok is based on an interpretation of U.S law that regulatory lawyers say may be open to challenges. The Committee on Foreign Investment in the United States (CFIUS), a U.S. government panel that reviews deals for potential national security risks, has given ByteDance until Sept. 15 to negotiate a sale of TikTok to Microsoft Corp, amid concerns over the safety of personal data that the...WW…

TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook Inc have suspended processing government requests for user data in the region.The short form video app owned by China-based ByteDance has made the decision to exit the region following China’s establishment of a sweeping new national security law for the semi-autonomous city.“In light of recent events, we’ve decided to stop operations of the TikTok app in Hong Kong,” a TikTok spokesman said in response to a Reuters question about its commitment to the...…TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook Inc have suspended processing government requests for user data in the region.The short form video app owned by China-based ByteDance has made the decision to exit the region following China’s establishment of a sweeping new national security law for the semi-autonomous city.“In light of recent events, we’ve decided to stop operations of the TikTok app in Hong Kong,” a TikTok spokesman said in response to a Reuters question about its commitment to the...WW…

By , The move underscores Nasdaq’s renewed focus on the auditing standards of companies on its bourse. This week it tightened its listings rules with an eye to curbing initial public offerings (IPOs) of Chinese companies that are closely held by insiders and are not transparent about their accounting, Reuters reported on Monday.Luckin said in early April that as much as 2.2 billion yuan ($310 million) in sales last year were fabricated by its chief operating officer Jian Liu and other staff, who had been suspended while the company carried out its investigation.The falsified numbers equate...…By , The move underscores Nasdaq’s renewed focus on the auditing standards of companies on its bourse. This week it tightened its listings rules with an eye to curbing initial public offerings (IPOs) of Chinese companies that are closely held by insiders and are not transparent about their accounting, Reuters reported on Monday.Luckin said in early April that as much as 2.2 billion yuan ($310 million) in sales last year were fabricated by its chief operating officer Jian Liu and other staff, who had been suspended while the company carried out its investigation.The falsified numbers equate...WW…

By , The move would represent a strategic departure for Oracle, which caters mostly to corporate customers and generates the bulk of its sales from cloud offerings and software licensing.Its co-founder and Chairman Larry Ellison is one of the few top technology executive to openly support President Donald Trump, who has ordered ByteDance to divest TikTok amid concerns over the safety of the personal data of U.S. consumers.ByteDance, TikTok, Oracle, General Atlantic and Sequoia declined to comment. The Financial Times first reported Oracle’s interest in TikTok.Slideshow Oracle shares closed...…By , The move would represent a strategic departure for Oracle, which caters mostly to corporate customers and generates the bulk of its sales from cloud offerings and software licensing.Its co-founder and Chairman Larry Ellison is one of the few top technology executive to openly support President Donald Trump, who has ordered ByteDance to divest TikTok amid concerns over the safety of the personal data of U.S. consumers.ByteDance, TikTok, Oracle, General Atlantic and Sequoia declined to comment. The Financial Times first reported Oracle’s interest in TikTok.Slideshow Oracle shares closed...WW…

By (Reuters) - Wall Street’s main indexes rose on Tuesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package before lawmakers to help the world’s largest economy ride out a pandemic-driven slump.At her confirmation hearing, Yellen said the benefits of a big package outweigh the costs of a higher debt burden.President-elect Joe Biden, who will be sworn into office on Wednesday, outlined a $1.9 trillion stimulus package proposal last week to jump-start the economy and accelerate the distribution of vaccines.“Today it’s really all about Janet Yellen,...…By (Reuters) - Wall Street’s main indexes rose on Tuesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package before lawmakers to help the world’s largest economy ride out a pandemic-driven slump.At her confirmation hearing, Yellen said the benefits of a big package outweigh the costs of a higher debt burden.President-elect Joe Biden, who will be sworn into office on Wednesday, outlined a $1.9 trillion stimulus package proposal last week to jump-start the economy and accelerate the distribution of vaccines.“Today it’s really all about Janet Yellen,...WW…

By , (Reuters) - Oracle Corp said on Monday it would team up with China’s ByteDance to keep TikTok operating in the United States, beating Microsoft Corp in a deal structured as a partnership rather than an outright sale.ByteDance, TikTok’s Beijing-based owner, had been in talks to divest the U.S. business of its hugely popular short-video app to Oracle or Microsoft after U.S. President Donald Trump ordered the sale last month and said he might otherwise shut it down.While TikTok is best known for dancing videos that go viral among teenagers, U.S. officials are concerned user information...…By , (Reuters) - Oracle Corp said on Monday it would team up with China’s ByteDance to keep TikTok operating in the United States, beating Microsoft Corp in a deal structured as a partnership rather than an outright sale.ByteDance, TikTok’s Beijing-based owner, had been in talks to divest the U.S. business of its hugely popular short-video app to Oracle or Microsoft after U.S. President Donald Trump ordered the sale last month and said he might otherwise shut it down.While TikTok is best known for dancing videos that go viral among teenagers, U.S. officials are concerned user information...WW…

By , , NEW YORK/WASHINGTON (Reuters) - 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 on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that...…By , , NEW YORK/WASHINGTON (Reuters) - 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 on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that...WW…

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.NEW YORK/WASHINGTON (Reuters) - 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 on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.NEW YORK/WASHINGTON (Reuters) - 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 on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on...WW…

By (Reuters) - TikTok has been in discussions with the UK government over the past few months to locate its headquarters in London, a source familiar with the matter said, as part of a strategy to distance itself from its Chinese ownership.London is among one of several locations the company is considering, but no decisions have been made, the source said.It was not immediately clear what other locations are under consideration. But it has hired aggressively in California this year, including poaching Kevin Mayer, a former Walt Disney Co executive, to be TikTok’s chief executive. He is...…By (Reuters) - TikTok has been in discussions with the UK government over the past few months to locate its headquarters in London, a source familiar with the matter said, as part of a strategy to distance itself from its Chinese ownership.London is among one of several locations the company is considering, but no decisions have been made, the source said.It was not immediately clear what other locations are under consideration. But it has hired aggressively in California this year, including poaching Kevin Mayer, a former Walt Disney Co executive, to be TikTok’s chief executive. He is...WW…