Sunday, January 19, 2025

Trump says he will delay TikTok ban, suggests a joint venture with US ownership

TikTok went dark for users in the US on Saturday night, but it may not be gone for long. President-elect Donald Trump posted on Truth Social this morning that he will issuing an executive order Monday that will “extend the period of time before the law’s prohibitions take effect, so that we can make a […]

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Apple lists all apps it removed alongside TikTok in the U.S.

Amid the TikTok shutdown, in a rare move, Apple published a statement and a support document listing all affected apps that are inaccessible in the U.S. The iPhone maker typically doesn’t publish information for when it blocks apps. Notably, other ByteDance apps, including CapCut, Lemon8 — which surged in the last few months — and […]

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Saturday, January 18, 2025

TikTok goes dark in the US

TikTok has gone dark in the U.S., the result of a federal law that bans the popular social media app for millions of Americans — at least for now. TikTok users began receiving a message about the ban around 10:30 p.m. Eastern. As of Saturday evening, the app was also no longer available in the […]

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Perplexity AI submits bid to merge with TikTok

With a TikTok ban looming in the United States, Perplexity AI is the latest bidder hoping to give the video app a new corporate home. CNBC first reported on Perplexity’s interest. A source with knowledge of the offer confirmed to TechCrunch that Perplexity (whose CEO Aravind Srinivas is pictured above) has submitted a bid to […]

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FTC says partnerships like Microsoft-OpenAI raise antitrust concerns

The Federal Trade Commission said in a staff report issued Friday that there are potential competitive issues in partnerships between big tech companies and generative AI developers — specifically, Microsoft’s backing of OpenAI and Amazon and Alphabet/Google’s partnerships with Anthropic. “The FTC’s report sheds light on how partnerships by big tech firms can create lock-in, […]

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What we know about the TikTok ban

Welcome back to Week in Review. This week, we’re looking at the impacts of the looming TikTok ban in the U.S., including the “TikTok refugees” moving to Chinese app RedNote, the surge of English speakers learning Mandarin on Duolingo, and more! Let’s get into it. The Supreme Court upheld the law that will effectively ban […]

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Once high-flying proptech startups Divvy Homes and EasyKnock are the latest to struggle

Many proptech startups, born and funded during the low-interest-rate heydays, are in the throes of struggle. With investments into U.S.-based real estate startups falling from $11.1 billion in 2021 to $3.7 billion last year, according to PitchBook data, some are selling themselves off, while others are closing shop. The two most recent examples are the […]

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TikTok says it will go dark Sunday unless Biden offers ‘definitive statement’

It remains unclear whether TikTok will still be available in US app stores Sunday, with the company claiming that President Joe Biden’s outgoing administration needs to offer “definitive” assurances that it won’t enforce the ban. On Friday, the Supreme Court upheld a law that would effectively ban TikTok in the United States if the app’s […]

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Friday, January 17, 2025

EV startup Canoo files for bankruptcy and ceases operations

Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also […]

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Amazon suspends U.S. drone deliveries following crash at testing facility

Amazon has paused testing of its delivery drones following a crash involving two of its models, according to Bloomberg. It’s the latest setback for Amazon’s beleaguered Prime Air program, which aims to deliver around 500 million packages a year to customers by the end of the decade. Bloomberg reports two Amazon drones crashed in rainy […]

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Bumble founder Whitney Wolfe Herd to reclaim CEO position in March

Bumble announced today that founder Whitney Wolfe Herd is returning as CEO after stepping down from the position in 2023.  Wolfe Herd will succeed Lidiane Jones, the company’s current CEO who has left for “personal reasons,” Bumble explained. Jones, the former CEO of Slack, will continue her role at Bumble until the transition takes effect […]

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Trump spoke to China’s President Xi about TikTok just ahead of Supreme Court ruling

Just ahead of today’s Supreme Court ruling — which saw the nation’s highest court uphold the law banning TikTok in the U.S. as of January 19 — Donald Trump posted on Truth Social that he had a “very good” phone call with China’s President Xi Jinping, which included discussion of TikTok. Though the U.S. president-elect […]

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