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TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [ 1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [ 2] Daily sales averaged approximately US$ 7 million in October 2023.
A new subsidiary, TikTok U.S. Data Security Inc. (USDS), was created to manage user data, software code, back-end systems, and content moderation. It would report to the Committee on Foreign Investment in the United States (CFIUS), not ByteDance or TikTok, even for hiring practices.
On March 17, 2023, the United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) officially launched an investigation of TikTok, including allegations that the company spied on American journalists. [ 9] On January 25, 2023, Missouri Senator Josh Hawley introduced a bill to ban the platform nationwide.
TikTok v. Trump was a lawsuit before the United States District Court for the District of Columbia filed in September 2020 by TikTok as a challenge to President Donald Trump 's executive order of August 6, 2020. The order prohibited the usage of TikTok in five stages, the first being the prohibition of downloading the application.
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Zhang Yiming ( Chinese: 张一鸣; born April 1, 1983) is a Chinese internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok ). In March 2024, Zhang's personal wealth was estimated at US$40.2 billion, according to Bloomberg Billionaires ...
The court further asked broadcast media not to telecast any of those videos from the app. The spokesperson for TikTok stated that they were abiding by local laws and were awaiting a copy of the court order before they take action. [16] On 17 April, both Google and Apple blocked TikTok from Google Play and the App Store for users in India. [17]