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US investors to take over TikTok operations in the country

U.S. President Donald Trump has signed an executive order approving a plan to restructure TikTok operations in the country to address national security concerns. TikTok is a massively popular short-form video platform owned by Chinese firm ByteDance. The social media servuce has a strong presence in the U.S., counting more than 170 million users, according to statistics published at the beginning of the month. The platform isn’t just for entertainment, as many creators in the country depend on

China stays conspicuously quiet after Trump’s TikTok deal declaration

Following U.S. President Donald Trump's approval of a deal that could keep TikTok alive in the U.S. on Thursday, China has remained conspicuously quiet — a notable silence as Beijing still can ultimately decide the app's fate. Chinese state media remained silent about the deal, while social media discussion was limited. One state-affiliated Weibo account cited a Fudan University professor, who described the agreement as a "win-win" for both countries. During the signing of an executive order o

Trump approves TikTok deal through executive order, Vance says business valued at $14 billion

President Donald Trump on Thursday signed an executive order approving a proposal that would keep TikTok alive in the U.S. in a transaction that Vice President JD Vance said values the business at $14 billion. The deal satisfies the requirements of a national security law requiring China-based ByteDance to sell TikTok's U.S. operations or face an effective ban in the country, according to the executive order. Under the terms, which China must still approve, a new joint-venture company will over

Trump signs executive order saying his TikTok deal is legal

President Donald Trump has signed an executive order finalizing some of the terms of a deal to bring TikTok's US business under American control. The new TikTok entity will be owned by a group of US-based investors, while ByteDance will maintain a smaller stake in the new company and keep the app's algorithm. TikTok has faced more than a year of uncertainty about its future in the United States since former President Joe Biden signed a law last year requiring ByteDance to sell TikTok or face a

Oracle, Silver Lake and MGX will be main investors in TikTok U.S., sources say

Oracle , Silver Lake and Abu Dhabi's MGX will be main investors in TikTok's U.S. business, sources told CNBC's David Faber on Thursday. Those three entities will control roughly 45% of TikTok USA, Faber reported. ByteDance, TikTok's Chinese parent, will own 19.9%, with the remaining 35% in the hands of ByteDance investors and new holders. President Donald Trump will sign an executive order on Thursday backing the proposed deal that will keep the social media app running in the U.S. ByteDance h

Oracle, Silver Lake & MGX will be main investors in TikTok U.S., sources say

Oracle , Silver Lake & Abu Dhabi's MGX will be main investors in TikTok's U.S. business, sources told CNBC's David Faber on Thursday. Those three entities will control roughly 45% of TikTok USA, Faber reported. ByteDance, TikTok's Chinese parent, will own 19.9%, with the remaining 35% in the hands of ByteDance investors. President Donald Trump will sign an executive order on Thursday backing the proposed deal that will keep the social media app running in the U.S. ByteDance has faced an ultima

Trump claims a TikTok deal is done. Who would own it, and how would it work?

Trump claims a TikTok deal is done. Who would own it, and how would it work? 18 minutes ago Share Save Liv McMahon Technology reporter and Graham Fraser Technology reporter Share Save Getty Images President Donald Trump says a deal to find a new owner for social media app TikTok in the United States is done. US politicians passed a law in 2024 banning the app in the country unless it was sold by its Chinese parent company ByteDance. Trump vowed to save TikTok, and had previously suggested a n

Donald Trump Is Saying There’s a TikTok Deal. China Isn’t

The United States and China may have agreed on a deal to prevent the social platform TikTok from being banned in the US—if you take US president Donald Trump’s word for it. After a long-awaited call between Trump and Chinese president Xi Jinping on Friday, Trump announced victory on Truth Social: “The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval, and both look forward to meeting at APEC!” As for any details on the agreement, good luck. Specifics a

China is calling a TikTok deal a win. What's in it for them?

China is calling a TikTok deal a win. What's in it for them? 10 hours ago Share Save Suranjana Tewari Asia Business Correspondent and Osmond Chia Business reporter Share Save Getty Images A much-awaited deal over TikTok may be close, with US President Donald Trump and his Chinese counterpart Xi Jinping set to discuss terms on Friday. Top officials from both sides struck a "framework" agreement this week, which reports suggest could see TikTok's US operations sold to a group of American firms.

Paramount reportedly wants to acquire Warner Bros. Discovery, antitrust law be damned

Paramount Skydance, apparently now in a state of permanent merger, plans to make a bid to acquire Warner Bros. Discovery, The Wall Street Journal reports . The company was recently formed following Skydance's acquisition of Paramount for $8 billion. Newly anointed Paramount Skydance CEO David Ellison was able to afford the acquisition thanks to the backing of his billionaire father , Larry Ellison. Despite Warner Bros. Discovery's public plans to split back into Warner Bros. and Discovery Globa

Wiggling into Correlation

Jeff Kaufman shared some data around contra dance attendance as a function of requirements on wearing surgical masks. He compares this data to survey data, which is a useful way to validate in both directions. I found the plot compelling for a different reason – depending on how we look at it, we can draw wildly different conclusions from it. On the one hand, if we draw boxes around consecutive pairs of dances, it’s fairly obvious that mask-optional dances are more popular. Tickmarks at the top

At the Abundance conference, right-wing anti-regulation ideals were in abundance

Tina Nguyen is a Senior Reporter for The Verge and author of Regulator , covering the second Trump administration, political influencers, tech lobbying and Big Tech vs. Big Government. Hello and welcome to Regulator. If you’re here via a link and would like to read more, The Verge is running a very good subscription sale this month: $4 for a month and $35 for the year, for full access to the entire site. That’s right: you can read about political horseshoe theory in action AND get our live cove

New emojis will include Bigfoot, orca whale, treasure chest, and more

The Unicode Consortium has confirmed its next slate of emojis, coming in the next year to eager thumbs near you. Yes, there is indeed a nonprofit organization that creates standardized language across devices from a wide range of hardware makers — that’s why if you send your friend a flamenco dancer emoji from your iPhone, they’ll be able to see that suave dancer in a red dress on their Android. And that same organization gets the final say on what new emojis come to your device. The new emoji

New emojis will include Bigfoot, orca whale, treasure chest and more

The Unicode Consortium has confirmed its next slate of emojis, coming in the next year to eager thumbs near you. Yes, there is indeed a nonprofit organization that creates standardized language across devices from a wide range of hardware makers — that’s why if you send your friend a flamenco dancer emoji from your iPhone, they’ll be able to see that suave dancer in a red dress on their Android. And that same organization gets the final say on what new emojis come to your device. The new emoji

Creator of Charli XCX Apple dance settles Roblox lawsuit

Creator of Charli XCX Apple dance settles Roblox lawsuit Kelley Heyer created the Apple dance posting it every day for two weeks before it started getting popular. Court papers filed in the US this week said that Kelley and the Roblox Corporation had agreed to dismiss the case, and a joint statement quoted by Billboard said both sides had "amicably resolved" the issue. Her legal team claimed Roblox had made $123,000 (£93,000) from selling the moves as an emote - a celebratory animation used b

Watch Lady Gaga’s Tim Burton-Directed Video for Her ‘Wednesday’ Dance Jam

There was a lot of hype ahead of Lady Gaga’s appearance on Netflix’s Wednesday, but now that all of season two has dropped, it’s clear that her new song, “The Dead Dance,” has an equally important presence in the series. No spoilers if you haven’t binged the new episodes yet, but you can also enjoy the song on its own thanks to the Tim Burton-directed music video. Though Burton has a cinematic filmography stretching back 40 years—all the way to 1985’s Pee-wee’s Big Adventure, his feature debut—

The Top Diseases We Choose to Stay Ignorant About, According to Scientists

The old adage “ignorance is bliss” feels especially fitting when it comes to healthcare. In fact, new research reveals that one in three people avoids—or is likely to avoid—medical information. In a study published in the Annals of Behavioral Medicine earlier this month, researchers investigated data from 92 studies involving 564,497 participants from 25 countries. Despite the fact that successful treatment often depends on early detection, their results indicate that many people are reluctant

Applied Materials sinks 14% on weak guidance due to China demand

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing uncertainty and lower

Applied Materials sinks nearly 14% on weak guidance due to China demand

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing uncertainty and lower

Applied Materials sinks 13% on weak guidance due to China demand

Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing un

Duolingo stock skyrockets 14% on boosted guidance as AI powers user growth

A Duolingo logo is seen on a smartphone. Duolingo shares skyrocketed nearly 14% after the language-learning platform boosted its guidance due to strong user growth driven by artificial intelligence. The mobile learning platform hiked its full-year guidance to between $1.01 billion and $1.02 billion, up from a prior range of $987 million to $996 million. Duolingo also lifted its bookings guidance to between $1.15 billion and $1.16 billion. "We exceeded our own high expectations for bookings an

Paramount is now a Skydance Corporation

is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. It’s official: Skydance Media’s deal to purchase CBS parent company Paramount Global for $8 billion is complete, and incoming chairman / CEO David Ellison’s first order of business is a massive restructuring. In an open letter about his plans for Paramount, a Skydance Corporation (the merged companies’ new name), Ellison announced th

Duolingo stock skyrockets 30% on boosted guidance as AI powers user growth

Duolingo shares skyrocketed more than 30% after the language learning platform boosted its guidance due to strong user growth driven by artificial intelligence. The mobile learning platform hiked its full-year guidance to between $1.01 billion and $1.02 billion, up from a prior range of $987 million to $996 million. Duolingo also lifted its bookings guidance to between $1.15 billion and $1.16 billion. "We exceeded our own high expectations for bookings and revenue this quarter, and did it whil

Shopify stock soars 21% on rosy guidance as CFO says tariff hit 'did not materialize'

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, on Sept. 28, 2018. Shopify shares soared 21% on Wednesday after the company topped analysts' estimates for the second quarter, and gave rosy guidance for the third quarter. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: 35 cents adjusted vs. 29 cents 35 cents adjusted vs. 29 cents Revenue: $2.68 billion vs. $2.55 billion Second-quarter sales surged 31% year over ye

Cockatoos know 30 distinct dance moves

Snowball the dancing cockatoo gets down with his bad self to the Backstreet Boys. In 2008, a YouTube video featuring an Eleanora cockatoo named Snowball dancing to the beat of the Backstreet Boys went viral. His killer moves stunned scientists, since the ability to synchronize body movements to music was believed to be a uniquely human activity. Nor is Snowball an isolated case. Griffi the Dancing Cockatoo has his own YouTube channel, for example, and a recent TikTok video showed two sister coc

Shopify stock soars 20% on rosy guidance as CFO says tariff hit 'did not materialize'

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, on Sept. 28, 2018. Shopify shares soared 20% Wednesday after the company topped analysts' estimates for the second quarter, and gave rosy guidance for the third quarter. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: 35 cents adj. vs. 29 cents 35 cents adj. vs. 29 cents Revenue: $2.68 billion vs. $2.55 billion Second-quarter sales surged 31% year over year to $2.68

Axon jumps 16% after TASER maker tops results and boosts outlook on security needs

Axon Enterprise 's stock popped 16% after the TASER maker surpassed Wall Street's estimates and boosted its guidance due to robust demand for its security solutions. "Demand for new technology from our customers is accelerating, and it's outpacing even my most optimistic expectations," said CEO Rick Smith on an earnings call with analysts. "There's now one breakout product driving conversations. It's everything." The security solutions company also hiked guidance for the year, saying it now ex

Axon jumps 14% after TASER maker tops results and boosts outlook on security needs

Axon Enterprise 's stock popped 14% after the TASER maker surpassed Wall Street's estimates and boosted its guidance due to robust demand for its security solutions. "Demand for new technology from our customers is accelerating, and it's outpacing even my most optimistic expectations," said CEO Rick Smith on an earnings call with analysts. "There's now one breakout product driving conversations. It's everything." The security solutions company also hiked guidance for the year, saying it now ex

Skydance deal allows Trump’s FCC to “censor speech” and “silence dissent” on CBS

The Federal Communications Commission has approved Skydance's $8 billion acquisition of Paramount, which owns CBS. But the agency's approval drew fiery dissent from the only Democratic commissioner, Anna Gomez, after requiring written commitments from Skydance that allow the government to influence editorial decisions at CBS. Gomez accused the FCC of "imposing never-before-seen controls over newsroom decisions and editorial judgment, in direct violation of the First Amendment and the law." Und

Trump, who promised to save TikTok, threatens to shut down TikTok

Donald Trump vowed to save TikTok before taking office, claiming only he could make a deal to keep the app operational in the US despite national security concerns. But then, he put Vice President JD Vance in charge of the deal, and after months of negotiations, the US still doesn't seem to have found terms for a sale that the Chinese government is willing to approve. Now, Trump Commerce Secretary Howard Lutnick has confirmed that if China won't approve the latest version of the deal—which coul