WASHINGTON: China has approved the transfer agreement for TikTok, U.S. Treasury Secretary Scott Bessent announced on Thursday, signaling progress toward resolving the app’s uncertain status in the United States. Bessent added that he expects the transfer to move forward in the coming weeks and months, though he provided no additional details. The short video app, […]
TikTok
TikTok raises payouts, rewards top creators with 90% revenue share
TikTok has announced a major update that will allow users to earn more from subscriptions. The platform is changing its revenue-sharing model. Previously, creators received 70% of subscription income. Now, eligible users can earn up to 90%. This change applies first in the United States and Canada and will expand globally in coming months. To […]
Trump signs order declaring TikTok sale ready, values it at $14bn
President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s US operations to US and global investors will address the national security requirements in a 2024 law. The new US company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on […]
Trump, Xi hold talks on TikTok deal and trade tensions
US President Donald Trump and Chinese President Xi Jinping spoke by phone on Friday, discussing the future of TikTok and ongoing trade tensions between the two countries. The conversation marks the second time the two leaders have spoken since Trump began his second term in January 2025. Both sides signaled that major decisions on TikTok […]
US, China hold talks in Spain on trade irritants, TikTok deadline
US and Chinese officials began talks in Madrid on Sunday on their strained trade ties, a looming divestiture deadline for Chinese short video app TikTok and Washington’s demands that its allies place tariffs on China over its purchases of Russian oil. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer arrived shortly before […]
Turkey restricts major social media platforms amid rallies
Access to several popular online platforms, including X, YouTube, Instagram, Facebook, TikTok, and WhatsApp, has been restricted across multiple networks in Turkey, internet monitors reported on Monday. The restrictions began late Sunday night, with users facing difficulties accessing these platforms as internet speeds were deliberately throttled. The sudden disruption came at a politically tense moment […]
Meta and TikTok battle EU over “unfair” digital fee in court
Meta and TikTok have filed lawsuits against the European Commission, claiming that a yearly fee under the Digital Services Act (DSA) is unfair and wrongly calculated. The DSA, which became law in 2022, requires large platforms to pay 0.05% of their global net income to help fund the EU’s monitoring efforts. A total of 19 […]
TikTok fined €530 million by EU for data privacy violations
TikTok has been hit with a €530 million ($600 million) fine by the EU’s Data Protection Commissioner (DPC). The penalty comes after the platform failed to meet EU standards in protecting user data. The DPC found that TikTok allowed personal data to be accessed by staff in China, which raised concerns about potential access by […]
Amazon makes bold bid to save TikTok from US ban
Amazon has made a last-minute offer to purchase TikTok, which is facing a potential ban in the United States if it is not sold by its Chinese owner, ByteDance. The offer was made in a letter to officials involved in negotiations about the sale. The goal is to address national security concerns over TikTok’s ties […]
Trump confident of tiktok deal before deadline
President Donald Trump expressed confidence in reaching a deal on TikTok before the April 5 deadline. The deadline is set for TikTok’s Chinese owner, ByteDance, to sell the app or face a potential ban in the United States. Speaking to reporters on Air Force One, Trump stated, “We have a lot of potential buyers. There’s […]