We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
The Information / Erin Woo, Qianer Liu and Juro Osawa
/ Apr 25, 2024“One scenario under discussion involves ByteDance selling more than 50% of TikTok U.S. but retaining a minority stake. ByteDance could retain 20%, the limit that the law puts on Chinese ownership…The sale options being discussed wouldn’t include the algorithm that powers TikTok, but it would include the TikTok brand. China would probably block the sale of the algorithm anyway. In 2020, when ByteDance last considered selling TikTok, China changed its export control rules to include technology such as the algorithm.” —AD
Tags:
ByteDance,
China,
social media,
The Information,
TikTok,
TikTok ban,
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