TikTok, the China-based short video app, defended its data security practices and denied the Chinese government influences the content it distributes. TikTok’s statement came soon after two U.S. senators asked Director of National Intelligence Joseph Maguire to conduct an assessment of the ByteDance-owned company as a national security threat. Senators Chuck Schumer (D-N.Y.) And Tom Cotton...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
San Francisco Officials Urge Caution on Expanding Robotaxi Approvals for Waymo, Cruise
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.