Amazon, TikTok and ByteDance
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Both Amazon and TikTok declined to comment on the matter.
From CBS News
The layoffs at the $4.1 billion program were part of a broader purge on Monday of about 10,000 employees from the Health and Human Services Department.
From The New York Times
Trump said that a deal is close on Tiktok, with multiple investors involved.
From Reuters
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TikTok, owned by the Chinese tech company ByteDance, has become one of the most widely used social media platforms worldwide, especially in the U.S. With its quick rise to dominance, the app has attracted hundreds of millions of users who create and share short-form videos.
The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.
Trump gave China’s ByteDance until Saturday to sell or divest its U.S. TikTok business. A source confirmed to NBC News that the e-commerce giant had made a last-minute pitch.