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Microsoft in Talks to Acquire TikTok Amid Bidding War Interest

24 days ago

Microsoft is in talks to acquire TikTok, with President Trump encouraging a bidding war. Trump confirmed Microsoft is preparing a bid and noted interest from several companies. Both Trump and Biden have pressured TikTok's parent company, ByteDance, to sell its US operations for national security reasons. Trump signed an executive order delaying a Biden ban on TikTok, granting a 75-day reprieve. Other potential buyers included Oracle and Frank McCourt.

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TikTok denies report of potential sale to Elon Musk as pure fiction

1 months ago

TikTok

TikTok dismissed reports that China might allow the sale of its US operations to Elon Musk as "pure fiction." This follows a Bloomberg report suggesting that Chinese officials are considering a sale if the US Supreme Court upholds a ban on TikTok. The court is set to rule on a law requiring TikTok to sell its US operations by January 19 or face a ban. TikTok has repeatedly stated it will not sell, citing national security concerns.

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TikTok loses appeal against US ban as legal battle heads to Supreme Court

2 months ago

TikTok

TikTok's attempt to overturn a law that would ban or require its sale in the US by early 2025 was rejected by a federal appeals court, citing national security concerns over its Chinese ownership. TikTok plans to appeal to the Supreme Court, arguing the law violates free speech. Political dynamics may shift with Donald Trump's potential presidency, but strong anti-China sentiment in Congress remains. This ruling could greatly affect TikTok users and competitors.

Australian Parliament Approves Social Media Ban for Under-16s

2 months ago

Organic Social

Australia will ban children under 16 from using social media, after its parliament approved the world's strictest laws. The ban, which will not take effect for at least 12 months, could see tech companies fined up to A$50m if they don't comply. Critics question how the ban will work and its impact on privacy and social connection. The government will rely on age-verification technology to implement the restrictions.

Australia to Ban Social Media for Under-16s to Protect Children

3 months ago

Organic Social

Australia plans to introduce legislation banning children under 16 from social media to mitigate harm. Prime Minister Anthony Albanese emphasized the safety of children, with the ban applying to all under-16s without exemptions. Social media platforms must prevent access, enforced by the eSafety Commissioner. Critics argue the ban is too blunt and advocate for safety standards instead. The legislation will be reviewed after implementation.

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Brazil Bans X After Disinformation Dispute and Legal Noncompliance

5 months ago

X (Twitter)

X, formerly Twitter, has been banned in Brazil after failing to meet a Supreme Court judge's deadline to name a new legal representative. Judge Alexandre de Moraes ordered the suspension due to non-compliance with court orders and fines related to disinformation. Elon Musk criticized the decision as politically motivated. The ban affects millions of users, and companies like Apple and Google have been ordered to remove X from their stores.

Google to Face £13.6bn Lawsuit Over Alleged Adtech Market Dominance

8 months ago

Compliance Monitoring

Google must face a £13.6bn lawsuit alleging it has too much power over the online advertising market, a court has ruled. The case, brought by Ad Tech Collective Action LLP, claims Google's anti-competitive behavior caused UK online publishers to lose money. Google's attempts to dismiss the case were rejected, and it will now go to trial. The lawsuit alleges Google engaged in self-preferencing, leading to reduced income for publishers and high fees.