The TikTok Ban: What You Need to Know
TikTok is one of the most popular apps in the world, especially amongst Generation Z users for its dance challenges and with brands seeking to target that coveted segment. But the social media platform ran into trouble this summer when it found itself at the center of an international power struggle that had all the twists and turns of a soap opera. The U.S. and Chinese governments sparred over the app's fate, with American tech giants, including Microsoft, Oracle and even Walmart, all jockeying for the chance to own a piece of it.
So why is the short-form video app facing a potential ban -- and what do you really need to know about it? On this installment from our "dot.LA Explains" series, host Kelly O'Grady runs through the key points in the saga and looks at what may lie ahead for TikTok.
Watch to learn more on the TikTok saga, and follow us on Instagram for daily video content.
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- TikTok a 'Direct Threat' to US Security, Justice Dept. Says - dot.LA ›
- Could the U.S. Ban Chinese-Owned TikTok? - dot.LA ›
- Could U.S. Ban Chinese-Owned TikTok? - dot.LA ›
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The largest property technology or "proptech" venture firm Fifth Wall is joining the SPAC boom.
In a filing with the Securities and Exchange Comission this week, the firm said its creating a special acquisition company (SPAC) and intends to raise up to $287 million by selling 28.75 million shares at $10 a piece to seek out opportunities in real estate tech.
- Brendan Wallace, Co-Founder & Managing Partner at Fifth Wall - dot ... ›
- Fifth Wall Venture Firm Is Now a B Corporation - dot.LA ›
Electric vehicle charging station provider EVgo is going public, joining a wave of companies in the electric vehicle industry hoping to ride on Tesla's soaring stock growth over the last year.
The Los Angeles-based startup, which operates a nationwide fast-charging network for electric vehicles, announced Friday it's going public through a merger with a special purpose acquisition company that will generate about $575 million in net proceeds.
The deal with the SPAC, Climate Change Crisis Real Impact I Acquisition Corp., values EVgo at $2.6 billion. Shares shot up more than 66% on the news.
In 2012, Evan Britton founded a website premised upon what the web arguably does best: help people obsess over celebrities.
Britton launched his first site in 1999 as a senior in college and has since made his living monetizing web clicks.
When he created Famous Birthdays as a sort of Wikipedia of celebrities nine years ago, Tiktok wasn't even born and Snap had barely launched. The term "influencers" had yet to seep into the mainstream. But as social media created a new form of celebrity, the site has morphed into a pillar of the teen-centric world of online personalities and creators.