kevin mayer

The Trump administration's deadline for ByteDance to close a deal in the U.S. is around the corner and TikTok says it hasn't gotten an update in weeks.

The Committee on Foreign Investment in the United States (CFIUS) had set November 12 as the last date to close a business deal, but it didn't specify what would happen if things fell through.

Read more Show less

Attorneys representing a TikTok employee asked a federal judge late Thursday to hit pause on the viral video app's ban while his lawsuit against President Donald Trump is heard.

The motion stems from a federal lawsuit filed by U.S.-based TikTok technical program manager Patrick S. Ryan in the U.S. District Court of the Northern District of California last month, after Trump issued an executive order banning any "transactions" with the popular social media app over national security concerns.

"(Ryan) and other U.S. employees of TikTok are in imminent danger of losing their livelihood through governmental action that has no basis in fact, was politically driven, and afforded (Ryan) no procedural protections," the filing for the injunction states.

Read more Show less

Triller co-owner Ryan Kavanaugh isn't shy about the troubles he sees in TikTok's future, even if it is picked up by a new owner.

"It's a nightmare either way," he said. "With Kevin stepping down I think you're going to see by early next week TikTok announcing a deal."

Kavanaugh's L.A.-based investment firm Proxima Media acquired L.A.-based Triller in 2019. After the sudden departure of TikTok's CEO Kevin Mayer, Kavanaugh suggested the ex-Disney executive's rosy worldview blinded him to the possibility that he was in charge of expanding the reach of a Chinese spying company.

Read more Show less

Trending