Reports: TikTok Plans IPO, Considers Instagram Co-Founder as CEO
Francesca Billington is a dot.LA editorial intern. She's previously reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. Before joining dot.LA, she was a communications fellow at an environmental science research center in Sri Lanka. She graduated from Princeton in 2019 with a degree in anthropology.
TikTok's Chinese-owned parent company ByteDance is reportedly planning to hold an initial public offering in the U.S. if President Donald Trump approves a deal with Oracle. The move hopes to avert Trump's ban of the popular app set to take effect next week.
On Wednesday, the Treasury Department provided ByteDance with revisions to the agreement the two companies have tentatively signed off on. Various media reported that Oracle will own a stake of TikTok, but how much each would own is unclear. Walmart may also be part of that arrangement. Any deal still must be cleared by Trump.
Walmart had previously sought to join a deal with Microsoft Corp, but their bid was rejected by ByteDance.
TikTok is also reportedly hunting for a new CEO and multiple outlets Thursday report Instagram co-founder Kevin Systrom is being considered.
Sunday will mark 45 days since Trump signed an executive order stating TikTok must strike a deal in the country or risk being banned. The administration accuses TikTok of collecting U.S. users data and sharing it with the Chinese government, a risk to national security. TikTok denies this.If TikTok went public, it could be one of the largest tech IPOs yet. Some investors have valued the company at $50 billion.
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Minutes into filling out my absentee ballot last week, I was momentarily distracted by my dog Seamus. A moment later, I realized in horror that I was filling in the wrong bubble — accidentally voting "no" on a ballot measure that I meant to vote "yes" on.
It was only a few ink marks, but it was noticeable enough. Trying to fix my mistake, I darkly and fully filled in the correct circle and then, as if testifying to an error on a check, put my initials next to the one I wanted.
Then I worried. As a reporter who has previously covered election security for years, I went on a mini-quest trying to understand how a small mistake can have larger repercussions.
As Los Angeles County's 5.6 million registered voters all receive ballots at home for the first time, I knew my experience could not be unique. But I wondered, would my vote count? Or would my entire ballot now be discarded?
My distractingly sweet dog, Seamus.
Photo by Tami Abdollah
Have you always dreamed of scarfing down a Dodger Dog while sitting in your pajamas on your couch? You're in luck. The Los Angeles Dodgers have teamed with Postmates and Home Team Kitchens to deliver stadium grub to your doorstep.
There are certain rules in life. You consume a giant tub of popcorn and a large soda when you go to the movies, a bowl of chili when you're skiing, and a hot dog and all manner of other sodium rich foods in order to distract you from the dullness of a four-hour baseball game. But this is 2020, where any normal rules have long since gone out of the window and people are craving for any way to have a taste of pre-pandemic days – as long as it can be done from the safety of their home.