The Wall Street Journal is reporting that TikTok and Twitter have held talks about a potential merger, even as the video sharing company defends itself against President Donald Trump’s pressure to force the sale of the business or potentially ban it.
As the internationally distributed video streaming version of Chinese technology developer Bytedance’s social media app, TikTok has amassed a global user of avid consumers for its short form videos, including at least 100 million users in the US.
According to The Wall Street Journal, Twitter and Bytedance have had preliminary talks about a merger of TikTok’s US operations with the publicly traded social media company. The Journal noted that Microsoft remains the front-runner for TikTok’s business in the US, Australia, Canada and New Zealand, and that a potential tie-up with Twitter would just be for TikTok’s North American business.
Any Twitter bid for Bytedance’s TikTok business would likely have to
TikTok, the video-sharing app that’s moved to the center of the economic conflict between the US and China, is planning to challenge the executive order issued by President Donald Trump that would force the sale or ban the service in the United States.
According to a report from National Public Radio yesterday, TikTok could file a federal lawsuit challenging the order as soon as Tuesday. The lawsuit is expected to be filed in the U.S. District Court for the Southern District of California, where TikTok has its American headquarters.
TikTok will challenge the constitutionality of the ban and its underlying claims that the video sharing service represents a national security threat to the country, according to NPR’s report.
TikTok did not respond to a request for comment at the time of publication.
On Thursday, the President signed executive orders that put a 45-day deadline on American companies to unwind their
Recently there was a huge scam in which Twitter accounts of prominent figures like President Barack Obama, Joe Biden, Elon Musk, Bill Gates, Kanye West, and Michael Bloomberg getting hacked. It was actually a type of cryptocurrency scams where fake tweets were put on their verified accounts to reach a larger audience.
In the fake tweet, followers were asked to send money to a particular address using Bitcoin and in return, they would get twice the amount. This type of cryptocurrency scam is quite common and you should be aware of all the fraudulent methods scammers resort to for tricking unsuspecting people. This is why I have compiled various different ways on how to avoid cryptocurrency scams:
Fake Crypto Investment Platforms Giveaways Scams Via Tweets & Other Social Media Updates Scamming Emails, Phishing, Technical Support, Impersonation Scams Investment Scams Loader
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter for your weekend enjoyment. It’s broadly based on the weekday column that appears on Extra Crunch, but free. And it’s made just for you. You can sign up for the newsletter here.
With that out of the way, let’s talk money, upstart companies and the latest spicy IPO rumors.
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BigCommerce isn’t worried about its IPO pricing
One of the most interesting disconnects in the market today is how VC Twitter discusses successful IPOs and how the CEOs of those companies view their own public market debuts.
If you read Twitter on an IPO day, you’ll often see VCs stomping around, shouting that IPOs are a racket and that they must be taken down
Moft is a clever company that makes clever products. For a while there, I was sporting their laptop stand. It was a head-turner when I used to unfold it during meetings — back when we used to do those in-person. The truth is, I ended up having to tear it off the bottom. It lasted fine for a while, but the heat from the bottom of my MacBook ultimately melted it into a gooey mess. It was fun while it lasted.
Ultimately, I do think that was a design flaw. But even so, Moft its one of those companies you want to see succeed and continue making interesting products that buck the traditional models of most accessory makers. I’m not sure I would purchase the convertible standing desk, for instance, but I’m glad it exists.
The Moft Carry Sleeve, on the other hand, is a bit more my speed. It’s yet another convertible stand from the company, but for starters, it’s one that doesn’t require any adhesive, so that’s a big point in its favor right there. Instead of relying on the sticky stuff, the convertible sleeve functions similarly to a number of origami tablet cases currently on the market. Basically it uses a combination of foldable corners and magnets to snap into different shapes.
Honestly, I think I dig it. As a laptop sleeve, it’s a little too bulky for my tastes. It’s a bit big for my backpack. But the build quality is surprisingly nice. It’s built of a realistic vegan faux leather that is more sustainable, scratch resistant and water resistant than the real thing. All good news. There’s a card slot and a little stretch neoprene rubber slot for expandable storage.
The case converts into a stand with a couple of folds, propping the laptop up at either a 15 or 25-degree angle, with a little “flap limiter” up front that keeps it from sliding too far forward. The company claims it can support weight up to 22 pounds. I’ve not tried, but my 15-inch MacBook seems all right so far. I guess we’ll see for sure when I start traveling again.
Image Credits: Brian Heater
After all, the company’s name is an acronym for Mobile Office for Travelers. Clearly not a ton of business for that at the moment, but it’s already scored $300,000 on the Carry Sleeve Indiegogo, so there’s still interest, none the less.
Nearly eight years ago, Hamet Watt and Stacy Spikes launched MoviePass, the subscription-based movie ticketing service that captured the minds and dollars of investors and brought thousands of cinephiles a too-good-to-be-true deal for all-you-can watch movie passes.
Watt, who came to MoviePass as an entrepreneur in residence at True Ventures, previously founded the brand and product placement startup NextMedium and also spent time as a board partner at Upfront Ventures. Now, the serial entrepreneur and startup investor is combining his two career paths under the auspices of Share Ventures.
“It’s what I feel like I’ve been put here to do,” says Watt. “I love solving problems with design and entrepreneurship. I wasn’t fully scratching the itch as an investor by itself.”
With $10 million in financing from a slew of investors including Upfront Ventures, Alpha Edison, the general partners and founders of True Ventures, and a Korean family office, Share