ByteDance, parent of TikTok, plans a $200.41 per share employee buyback valuing it above $330 billion, as revenue surges despite U.S. scrutiny and India’s ban.
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TikTok plans a new US-only app launch before a possible sale, as ByteDance faces deadlines, legal hurdles, and political pressure to divest its American operations.
Perplexity AI has reportedly submitted a bid to TikTok’s parent company, ByteDance, to form a new merged entity that would combine Perplexity, TikTok U.S., and additional capital partner
With a looming deadline, the Supreme Court hears arguments from TikTok, users, and the Biden administration in a case that could reshape the future of foreign-owned social media platforms in the U.S.