TikTok reportedly in last minute talks with Elon Musk. Meta ends U.S. fact-checking. Beat Saber nears 250M in Quest sales. OpenAI ChatGPT's automated "Tasks."
Welcome back to Week in Review. This week, we’re looking at the impacts of the looming TikTok ban in the U.S., including the “TikTok refugees” moving to
TikTok warned US users late Saturday of an imminent shutdown of its service following a Supreme Court ruling in favor of a law banning the platform.
India’s 2020 crackdown helped give rise to Instagram Reels, which has largely replaced it there. But TikTok has proved more resilient elsewhere.
One cause for concern among creators is a belief that Meta doesn’t seem to deliver content to the right audiences. Elysia Berman, who has amassed more than 170,000 followers on TikTok, said she finds the Reels algorithm “much less exciting” as a viewer and less fruitful as a creator.
YouTube and its Shorts platform should also gain from TikTok’s loss. According to Morgan Stanley managing director Brian Nowak, every 10% of the time users would have spent on TikTok that goes to YouTube would add $400 million to $750 million in ad revenue to the video platform’s sales.
Meta’s Instagram and Google’s YouTube are getting ready to welcome TikTok users, as the Supreme Court upheld a law that effectively bans the Chinese-owned app from the United States.
Potential buyers for TikTok US include MrBeast, Kevin O'Leary, Frank McCourt's Project Liberty and Perplexity AI, who bid a merger instead of a sale,
TikTok is set to shut down in the US within 24 hours following a Supreme Court order, affecting over 170 million users. Experts suggest potential workarounds for US users to access the platform. Scrol
TikTok shut down U.S. operations Saturday night, complying with a U.S. law that banned the short video app, even as Donald Trump said a reprieve is "likely."
The clock is ticking towards a U.S. ban on TikTok, but users seeking clarity on what that will mean got little information on Saturday from the company that runs the popular video-sharing platform or the tech giants that offer the TikTok app in their digital marketplaces.