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Trump likely exceeds law with TikTok ban: judge

The U.S. judge who stopped a ban on TikTok downloads from kicking in on Monday said that President Donald Trump likely overstepped the law with the attempted move.TikTok had shown that the actions

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TikTok: US judge temporarily blocks ban on video sharing app

A more comprehensive ban remains scheduled for November, about a week after the presidential election.

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Judge says U.S. must defend or delay TikTok app store ban by Friday

The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020. /Reuters A U.S. judge said Thursday the Trump administration must eithe

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Bowery Farming adds executives as it expands to sell produce in 650 stores

Bowery Farming has added to its executive team as it expands its retail footprint to 650 stores, the company said.From three indoor farms in Kearny, N.J. and Nottingham, Md., the New York-based compan

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Amazon removes the $500 Prime Bike, says it has nothing to do with the Peloton knock-off

Yesterday, a fitness equipment maker called Echelon Fitness announced its latest product, the so-called Prime Bike. At $500, it’s nearly a clone of Peloton’s $1,900 product. The company sa

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TikTok to launch pre-IPO to become 80% owned by Bytedance: Statement

TikTok Global is planning to launch a pre-IPO in which Bytedance will retain an 80 percent stake in the company, Bytedance said in a statement on Monday."The board of directors of TikTok Global wi

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TikTok confirms proposed deal with Oracle, Walmart as U.S. delays app store ban by one week

TikTok on Saturday confirmed that it has reached a proposed deal with U.S. companies Oracle and Walmart. "We are pleased that the proposal by Tiktok, Oracle, and Walmar

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TikTok confirms proposed deal with Oracle, Walmart

TikTok on Saturday confirmed that it has reached a proposed deal with U.S. companies Oracle and Walmart."We are pleased that the proposal by Tiktok, Oracle, and Walmart will resolve the security conc

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ByteDance to place TikTok's global headquarters in the U.S.

ByteDance has decided to place TikTok's global headquarters in the United States in order to prevent President Trump from banning the popular video app, according to a plan presented to U.S. offic

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Klarna raises $650 million at a $10.6 billion valuation

Fintech startup Klarna has raised a mega-round of funding led by Silver Lake. The company is raising $650 million at a post-money valuation of $10.65 billion. Klarna says it is now the highest-valued

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Facebook investor Jim Breyer picks Austin as Breyer Capital’s second home

For Jim Breyer, the mantra, “Silicon Valley is a state of mind” has always been behind Breyer Capital, his personal investment fund.While many of his investments and board seats (which hav

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China may kill TikTok’s U.S. operations rather than see them sold

The controversial push to force Chinese tech unicorn ByteDance to divest part or all of its smash-hit TikTok social media service to a US-based company could be in doubt after a report today indicate

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Maersk to cut jobs in major reorganization, internal email says

Shipping group Maersk will cut job cuts as part of a major reorganization, an internal email sent to Maersk employees shows.Maersk, which handles about one in five containers shipped worldwide, ha

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Walmart joins Microsoft bid for TikTok as CEO Kevin Mayer quits

Reuters Walmart Inc said it was joining Microsoft in a bid for the U.S. assets of the Chinese video-sharing app TikTok's, revealing its plans hours after the company's chief executive said he

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Fortune 500 sees more Chinese companies than U.S. ones

There are more Chinese companies on the Fortune Global 500 list this year than U.S. ones for the first time, adding more Chinese vitality into the global annual ranking, according to the Fortune G

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Impossible Foods starts selling in Walmart and expands distribution of its new sausage product

Impossible Foods said today that it will now be available in Walmart, the largest meat market in America.The deal with Walmart and other retail locations across the country increases the company’

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Tech giants' top executives grilled by lawmakers in antitrust hearing

Top executives of Amazon, Apple, Facebook and Google on Wednesday testified virtually before the U.S. House Antitrust, Commercial, and Administrative Law Subcommittee, which hit them with tough qu