TikTok
Amazon was questioned by House China committee over ‘dangerous and unwise’ TikTok partnership
Amazon logo on a brick building exterior, San Francisco, California, August 20, 2024. Smith Collection | Gado | Archive Photos | Getty Images Amazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company’s partnership with TikTok, CNBC confirmed. A spokesperson for the House Select Committee on the […]
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Australia plans to ban social media for under 16s — and experts have called it a ‘momentous step’
Australia’s government has proposed a social media ban for children under the age of 16 which experts have described as a “momentous step,” as parents globally call for greater regulation of tech companies. Australian Prime Minister Anthony Albanese last week said the legislation will be introduced into parliament this year, with the law coming into […]
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Australia proposes ban on social media for children under 16
Shoppers use their phones as they walk past the entrance to a Myer department store, owned by Australia’s biggest department store chain Myer Holdings Ltd, in Sydney, Australia, November 1, 2017. Steven Saphore | Reuters Australia Prime Minister Anthony Albanese said on Thursday the government would legislate for a ban on social media for children under 16, a policy the government says is world-leading. […]
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TikTok sued over ‘addictive’ features that cause physical and mental harm to kids
A bipartisan group of more than a dozen state attorneys general is filing lawsuits on Tuesday against social media giant TikTok, with one complaint accusing the company of deceiving users by claiming that its app is safe for children, despite its addictive features, and for allegedly operating an unlicensed money transmission business. “Our lawsuit is […]
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Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store
The logo of Alibaba’s e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. Reuters | Florence Lo Singapore — Chinese e-commerce giant Alibaba‘s Taobao shopping app topped the Apple App Store charts in Singapore after releasing an English version on Tuesday — thanks to […]
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ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports
The ByteDance building of Shanghai ByteDance on Dec. 8, 2020, in Shanghai, China. Xing Yun | Costfoto | Barcroft Media | Getty Images TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday. Citigroup, Goldman Sachs […]
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Biden hosts first ‘Creator Economy Conference’ for influencers to talk AI, privacy and more
U.S. President Joe Biden departs the White House on August 13, 2024 in Washington, DC. Biden is traveling to New Orleans to participate in a Biden Cancer Moonshot Event. Kevin Dietsch | Getty Images News | Getty Images The White House hosted 100 digital content creators and industry professionals Wednesday to speak with key officials […]
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CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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How TikTok’s viral ‘no-invest month’ could come back again to chunk you
TikTok is chock-whole of tips for developing wealth. The most up-to-date cash-conserving trend getting over is the “no-devote thirty day period,” which encourages TikTok end users to slash out all non-essential purchases for a set period. But, in this case, even the best intentions can backfire. Below is what you really should know right before swearing off […]
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Experts say Shein’s U.S. IPO is all but dead
The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and […]
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