TikTok

ByteDance Ltd agreed to settle a class-action suit by paying $92 million over allegations that its video-sharing app, TikTok illegally harvested personal user data. According to the lawsuits, the app is said to have collected users’ data without consent and shared the information with china-based third parties. Tiktok to settle a class-action suit in the
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Alphabet Inc. (NASDAQ:GOOGL) backed insurance start-up, Oscar Health has filed for an initial public offering seeking cash following the telehealth market demand surge during the pandemic. The start-up founded in 2012 by Kevin Nazemi (no longer with the company), Mario Schlosser, and former President Trump’s adviser Jared Kushner’s brother Josh Kushner listed the size of
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It’s been a year of ups and downs at the back of a pandemic that has claimed millions of lives and changed people’s way of life drastically. Amid 2020 upheavals, there have been light moments captured on video. TikTok, the viral media platform has since unleashed its biggest and viral moments for the year. The
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When it rains, it does really pour. Idaho Man, Nathan Apodaca, will never forget the day he took his skateboard and started gliding down U.S highway  20  in Idaho Falls, singing along to Fleetwood Mac’s  ‘Dreams’ while sipping from an open jug of ocean spray cranberry raspberry juice. The whole incidence was captured on camera
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Chinese firms are increasingly feeling the effects of escalating tensions between Beijing and Washington. While the focus has been on TikTok and Huawei in recent months, China National Chemical Corp is the latest, to feel the fallout effects. The state-owned firm is struggling to elicit strong demand on unveiling $3 billion worth of bonds. China
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TikTok has reached a landmark deal that, if approved, would safeguard its operations and future in the U.S. Oracle Corporation (NYSE:ORCL), and ByteDance have reached an agreement that will see TikToKs operations merged with Oracle. However, the viral video sharing app will not be acquired outright as initially thought. ByteDance has already confirmed it will
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Microsoft Corporation (NASDAQ:MSFT), Walmart Inc. (NYSE:WMT), and Oracle Corporation (NYSE:ORCL) have been dealt a big blow in their push to acquire viral video-sharing app TikTok. Immediate reports indicate that ByteDance, the parent company behind the app, must seek authorization from China to complete any transaction that will result in the sale of the video-sharing app.
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The Trump administration’s crackdown on Shenzen-based Chinese Telecom Company, Huawei is still heating up with the latest round of restrictions imposed on it. As of May this year, Huawei has been banned from using any American Technology on its chips. “They were going through third parties,” Commerce Secretary Ross said on a popular morning show.
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