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TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.
Meta Platforms' (META) weaker-than-expected guidance, increased spending outlook and cautious CEO comments are dragging down META stock.
The U.S. Senate voted by a wide margin late Tuesday in favor of legislation that would ban TikTok in the United States if its owner, the Chinese tech firm ByteDance, fails to divest the popular short video app over the next nine months to a year.Driven by widespread worries among U.S. lawmakers that
US President Joe Biden has said he will sign it into law on Wednesday
The company’s cloud-computing unit hasn’t made as big a splash as its rivals in AI, betting instead that businesses want to use a variety of AI models.