Lawmakers have given TikTok's parent company 6 months to sell controlling stake. This comes amid fears that the app could be used to influence upcoming 2024 US Presidential polls.
Owned by ByteDance, Tiktok has more than 100 million US users & legislators have raised fears that its US user data could be passed on to Chinese govt.
Shares of ByteDance trade at a valuation of over $250 bn. But it’s a tough time to be wealthy in China, which seeks to rein in powerful corporations & their billionaire founders.
The indirect taxes department has accused ByteDance of evading taxes and not paying its GST dues in full, a charge denied by the Chinese firm which owns the now-banned app TikTok.
SoftBank has been attempting to salvage TikTok’s India assets and had been hunting for partners even as the Biden administration put on hold the unwinding of its US operations.
ByteDance is laying off India-based employees as the government shows no signs of lifting the ban imposed on its most popular apps TikTok and Helo last June.
ByteDance’s foray into education, under the brand name Dali, starts with a smart lamp that has a touch screen, camera and built-in voice assistant to help children with homework.
ByteDance is in discussions on a final proposal with the Committee on Foreign Investment in the U.S., or Cfius, the regulatory body that must clear any agreement.
Krishna has slandered an entire community in the name of freedom of speech. But Brahmin musicians numerically dominate the field due to a complex mix of socio-economic factors, not casteism.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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