Meta Platforms Inc. reportedly stands to gain significantly if TikTok, a popular social media platform, is banned from US app stores this Sunday.
Shou Zi Chew may be the CEO of Mark Zuckerberg’s biggest competitor, TikTok, but at the start of his career, he worked for Zuckerberg as an intern at Facebook.
The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the platform in the US.
YouTube and its Shorts platform should also gain from TikTok’s loss. According to Morgan Stanley managing director Brian Nowak, every 10% of the time users would have spent on TikTok that goes to YouTube would add $400 million to $750 million in ad revenue to the video platform’s sales.
TikTok CEO Shou Chew is expected to accept an invitation from President-elect Donald Trump to attend his inauguration.
This week's Out-of-Touch Adults' guide takes a look at RedNote, a site many young people are planning to go if TikTok closes down in the U.S. We also ask whether Elon Musk cheats at video games, and examining the trend of drinking meltwater from glaciers.
While campaigning for Donald Trump in October, Elon Musk claimed he could slash “at least $2 trillion” in government spending. Now that Musk has started laying the groundwork for his so-called “Department of Government Efficiency,” or DOGE, he’s not as confident.
TikTok's CEO is expected to attend president-elect Donald Trump's inauguration on Monday, according to multiple US media outlets, as some Democratic lawmakers and the incoming administration try to help the Chinese-owned app avert a ban in the US.
All this supports the idea of announcing a stock split, and that's why I predict Meta will be the next AI player to make such a move. And the good news is, even if it doesn't, Meta still represents a solid long-term buy-and-hold candidate for growth investors.
Arctic air will begin moving in Sunday with Extreme Cold alerts in effect for Monday. A mix of ice and snow is still on track for Tuesday.
The case hinges on whether TikTok can convince Justices that such a mandate violates the First Amendment by forcing a foreign-controlled app to sell or shut down. As of Friday, they have not — and the Court has compelled Tik-Tok to be sold or shuttered this weekend.