On Wednesday, the CEOs of Meta, X, Snap, Discord and TikTok were called to a US Senate hearing where they were grilled by senators about child safety.
TikTok recently achieved a major feat, crossing US$10 billion in what users spent on the app.
ByteDance's TikTok has reportedly made a deal to invest in a unit of Indonesia's GoTo Group
If this report is correct, that means ByteDance outperformed Tencent and Alibaba, two other Chinese tech giants, in the same period.
When the EU passed the Digital Markets Act (DMA) in 2022, it set out to regulate Big Tech.
Beyond its viral dance challenges, TikTok has made headlines for security concerns and its ties to China.
TikTok is now required to split its payments away from its shopping features in Indonesia.