TikTok sues US government over potential ban
TikTok and Chinese parent company ByteDance filed a lawsuit against the federal government over what it called an "unconstitutional" potential ban of the social media platform in the United States.
TikTok and Chinese parent company ByteDance filed a lawsuit against the federal government over what it called an "unconstitutional" potential ban of the social media platform in the United States.
TikTok will face off with the Justice Department this fall in its bid to stop a law that could lead to a ban of the app in the United States.
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TikTok filed a lawsuit on Tuesday, seeking a court order to stop the U.S. government from enforcing a ban on the app. Here's what comes next.
TikTok is officially challenging the law that could lead to a ban of the app in the United States.
TikTok is suing the United States government in an effort to block a law that would ban TikTok if its parent company, ByteDance, fails to sell it within a year. TikTok argues that the law violates the U.S. Constitution's commitment to "both free speech and individual liberty." "For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban, and bars every American from participating in a unique online community with more than 1 billion people worldwide," the lawsuit reads.
TikTok may be routing around the App Store to save money on commissions. According to new findings, the ByteDance-owned social video app is presenting some of its users with a link to a website for purchasing the coins used for tipping digital creators. Typically, these coins are bought via in-app purchase, which requires a 30% commission paid to Apple.
After Brandon Lloyd sold his second company, Bypass, a payments and point-of-sale software company for sports and entertainment, to Fiserv in 2020, he dove more into the payments industry and realized something: Software companies were getting a raw deal from the payments provider industry. “Companies like Stripe originally built that platform for an online merchant to be able to take credit cards easily,” Lloyd told TechCrunch.
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It's no surprise, then, that Salesforce paid a premium to buy a platform that helps its customers manage commissions more easily. Several months ago, Salesforce bought Spiff to help companies build out and manage incentive-based compensation schemes. Salesforce's 10-Q filing with the SEC early on Thursday finally revealed the price it paid: $419 million all-in.
Get caught up on this morning’s news: Alito refuses SCOTUS recusal, Trump jury deliberations begin and more in today’s edition of The Yodel newsletter
Instagram is expanding two of its safety features in an effort to ramp up its bullying protections for teens.
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In a bid to combat harassment on its platform, Instagram said on Thursday it is expanding the scope of its "Limits" tool specifically for teenagers that would let them restrict unwanted interactions with people. Once they turn the feature on, teens will only be able to see comments, messages, story replies, tags, and mentions from their "Close Friends" group, and interactions from other accounts will be muted. The company originally debuted the Limits feature as a test in 2021 after English footballers Bukayo Saka, Marcus Rashford, and Jadon Sancho were harassed online following the English team's loss to Italy in the Euro 2020 finals.
Over the years, fintech startups, particularly neobanks, have thrown a cat among the pigeons in banking and finance by building whole new banking software stacks. FintechOS’ low-code platform has now raised a $60 million “Series B+” investment round led by BlackRock, Cipio Partners and Molten Ventures. This is yet another sign, following the breakout hit of UIPath, that companies from Romania can make it to the international stage without US VCs.
Chinese EV manufacturers face a new challenge in their pursuit of U.S. customers: a new House bill that would limit or ban the introduction of their connected vehicles. The bill, introduced by U.S. Rep. Elissa Slotkin, comes as the trade war between the U.S. and China heightens in the aftermath of the Biden administration’s decision to quadruple import duties on Chinese electric vehicles to 100%. The bill’s goal appears to curb manufacturers before they can flood the American market with smart, cheap cars.
Normally, when Nvidia stock goes up, so does the market. That wasn't the case this past earnings season.
For most farmers who rely on traditional methods and lack access to high-tech greenhouses, the need for adaptable, ready-to-use solutions is paramount. This is where agritech companies like Iyris, based in Riyadh, Abu Dhabi and Delaware, come in. The startup, which provides a lifeline to farmers and helps them navigate the challenges of climate change with its agricultural solutions, is announcing a $16 million Series A funding round.
Amazon is permanently offering free restaurant delivery via Grubhub+ as part of its Prime subscription.
Prime members will now get free access to Grubhub+, expanding Amazon's food delivery and takeout services.
Two runners have been called out for interference on an infield fly in the past week.