Reuters reported that a fourth proposal by ByteDance on November 6 had proposed allaying security concerns "by creating a new entity, wholly owned by Oracle, Walmart and existing US investors in ByteDance, that would be responsible for handling TikTok's US user data and content moderation." … [Read more...] about Here’s all you need to know about TikTok’s temporary reprieve in the US
“We have demonstrated unequivocal commitment to comply with the local laws, including data privacy and security requirements, and are therefore optimistic about a positive outcome. Our clarifications have been submitted to the Government and we will continue to allay any further concerns they may have. Together with our employees, we remain dedicated to our users and creators who have found not only recognition but also new avenues of livelihood through our platform,” Gandhi said in the email. … [Read more...] about After PUBG, Tiktok is hoping to make a comeback in India: Report
Walmart will own a 7.5 percent stake in TikTok Global, Oracle will own 12.5 percent, according to the proposed deal. But ByteDance is likely to retain 80 percent, a fact that might not go down well with the US government. … [Read more...] about TikTok employee withdraws lawsuit against US government: Report
Snapchat will manually curate Spotlight submissions. To be accepted into Spotlight, all submitted Snaps must adhere to the platform’s community guidelines, so no conspiracy theories or misleading or explicit content, etc. Public comments will also not be allowed on Snaps featured in Spotlight. … [Read more...] about Snapchat is launching its answer to TikTok
So what happened?Despite the promise on paper, there were always doubts. From the beginning, there were questions on whether people will really pay for 10-minute episodes, and whether TikTok’s success- which unearthed the potential of short-form video- can be applied to serialized storytelling and premium programming. There were even reports that Quibi picked some scripts after they were rejected by every other network. After it officially launched in April, there has been a stream of reports detailing differences in opinion between the two founders, a serious lack of traction, and cold reviews for many of its shows. … [Read more...] about Explained: Quibi was supposed to be entertainment’s next big thing. Why is it shutting down?