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The bill from Sen. Marco Rubio would only permit TikTok to operate in the US if ByteDance sold off the social media platform to a company outside of China.
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Gandhi has been made the head of Middle East, North Africa, Turkey and South Asia.
The restructuring is in line with the impending initial public offering (IPO) of TikTok Global in October this year. The share sale would allow retained employees to redeem their employee stock ownership plans, or ESOPs.
ByteDance did not respond to an email seeking comment till the time of publishing this story.
“Gandhi and some employees that work with the technology department have been moved to the GCC, Turkey and MENA region. Those who are being transferred have also been given a few ESOPs, one of the people said. “All the marketing and salespeople that were part of the India team have either moved out or have been asked to go,” the person said.
(Photo by Nicolas Economou/NurPhoto via Getty Images)
Despite cementing its place as one of the most popular social networks in the world, TikTok isn t really all that
social. That could be about to change, though.
According to Reuters, ByteDance plans to develop the video-sharing platform into more of a social interactions app complete with its own group messaging function launching this year. A chat feature, the news site pointed out, has been available in Douyin, China s version of TikTok, since 2019.
Social media firms regularly borrow from each other, reinventing features made popular by rivals. In this case, a group chat function could end up looking a lot like Facebook Messenger, which was released as a standalone iOS and Android app in 2011. As Reuters suggested, a messaging service would help keep users engaged in the app longer. The company has previously experimented with other social elements like livestreaming and shopping, but it s unclear exactly how far along t
The TikTok-Oracle deal that had the blessing of former US President Donald Trump has been shelved indefinitely, allegedly at the behest of the new administration, the media reported on Wednesday.According to a report in The Wall Street Journal, .