ByteDance founder Zhang Yiming has relinquished his seat as chair of the company's board. Zhang said he was stepping down as the CEO of ByteDance in May, as he's not an "ideal manager." Zhang will ...

TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the ...

TikTok CEO Shou Chew also told employees that ByteDance signed binding agreements to create a joint venture majority-owned by American investors including Oracle Corp, according to a reviewed memo.

ByteDance said a report that it’s mulling the sale of a majority stake in TikTok‘s American business — after the U.S. adopted a law forcing it to divest its ownership position or face a ban of the app ...

House lawmakers on Tuesday introduced a new bipartisan bill that would ban TikTok if its China-based parent company ByteDance doesn't divest its stake in the social media platform. The Protecting ...

ByteDance has agreed to sell over 80% of TikTok’s US business in a deal designed to avoid a nationwide ban under the US ...

In a memo to staff reviewed by Reuters, TikTok CEO Shou Zi Chew confirmed that all US data “will be stored in a trusted and ...

TikTok announced a deal to sell its U.S. assets to a group of three companies. One of them was co-founded by this Florida billionaire.

Video platform Rumble has offered to partner with social media platform TikTok ahead of Congress moving forward with legislation that could ban the massively popular application. The legislation in ...

Tech companies are spending more on AI-focused employees even as the rest of the industry is laying off hundreds of thousands ...

General Atlantic CEO and ByteDance board member Bill Ford said Wednesday that he believes TikTok soon will reach a deal to remain in the U.S. “It’s in everybody’s interest,” Ford said at an Axios ...

The latest candidate to become the potential U.S. face of TikTok: Tesla and SpaceX CEO Elon Musk. A ban on TikTok in the United States could go into effect on Sunday, Jan. 19, if Beijing-based parent ...