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Trump says no extension for TikTok deadline

10th September 2020
"There will be no extension of the TikTok deadline."

President Donald Trump said on Thursday the deadline set for Chinese company ByteDance to sell its popular short-video app TikTok’s U.S. assets would not be extended.

It’ll either be closed up or they’ll sell it,” Trump told reporters before leaving for Michigan. “There will be no extension of the TikTok deadline.”

TikTok did not immediately respond to a request for comment.

ByteDance has been looking to pick a buyer so it can finalize a deal by mid-September and comply with Trump’s order to divest TikTok’s assets.

TikTok is best known for videos of people dancing, which go viral among teenagers. But U.S. officials have expressed concern that information on those who use the platform could be passed to Beijing. TikTok has said it would not comply with any request to share user data with the Chinese authorities.

Republican Senator Josh Hawley, a close ally of Trump, told Reuters earlier on Thursday he also did not support an extension of the deadline.

Hawley said he was not supportive of an outcome that did not include a full sale.

Earlier this month, Reuters reported that TikTok’s prospective buyers were discussing four ways to structure an acquisition from ByteDance, which include buying the app’s U.S. operations without key software.

I’m sure there are any number of backdoors that are built into the code and of course ByteDance knows exactly what they are, so there needs to be a clean, clear, total separation,” Hawley said.

source: Reuters

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Did TikTok teens, K-Pop fans punk Trump's comeback rally?

21st June 2020
"Did teens, TikTok users and fans of Korean pop music troll the president of the United States?"

Did teens, TikTok users and fans of Korean pop music troll the president of the United States?

For more than a week before Donald Trump’s first campaign rally in three months on Saturday in Tulsa, Oklahoma, these tech-savvy groups opposing the president mobilized to reserve tickets for an event they had no intention of attending. While it’s unlikely they were responsible for the low turnout, their antics may have inflated the campaign’s expectations for attendance numbers that led to Saturday’s disappointing show.

“My 16 year old daughter and her friends in Park City Utah have hundreds of tickets. You have been rolled by America’s teens,” veteran Republican campaign strategist Steve Schmidt tweeted on Saturday. The tweet garnered more than 100,000 likes and many responses from people who say they or their kids did the same.

Reached by telephone Sunday, Schmidt called the rally an “unmitigated disaster” — days after Trump campaign chairman Brad Parscale tweeted that more than a million people requested tickets for the rally through Trump’s campaign website.

Andrew Bates, a spokesperson for Trump’s Democratic opponent, Joe Biden, said the turnout was a sign of weakening voter support. “Donald Trump has abdicated leadership and it is no surprise that his supporters have responded by abandoning him,” he said.

In a statement, the Trump campaign blamed the “fake news media” for “warning people away from the rally” over COVID-19 and protests against racial injustice around the country.

“Leftists and online trolls doing a victory lap, thinking they somehow impacted rally attendance, don’t know what they’re talking about or how our rallies work,” Parscale wrote. “Reporters who wrote gleefully about TikTok and K-Pop fans — without contacting the campaign for comment — behaved unprofessionally and were willing dupes to the charade.”

On midday Sunday, it was possible to sign up to stream a recap of the Tulsa event later in the day through Trump’s website. It requested a name, email address and phone number. There was no age verification in the signup process, though the site required a PIN to verify phone numbers.

Inside the 19,000-seat BOK Center in Tulsa, where Trump thundered that “the silent majority is stronger than ever before,” numerous seats were empty. Tulsa Fire Department spokesperson Andy Little said the city fire marshal’s office reported a crowd of just less than 6,200 in the arena.

City officials had expected a crowd of 100,000 people or more in downtown Tulsa, but that never materialized. That said, the rally, which was broadcast on cable, also targeted voters in battleground states such as Pennsylvania, North Carolina and Florida.

Social media users who have followed recent events might not be surprised by the way young people (and some older folks) mobilized to troll the president. They did it not just on TikTok but also on Twitter, Instagram and even Facebook. K-Pop fans — who have a massive, coordinated online community and a cutting sense of humor — have become an unexpected ally to American Black Lives Matter protesters.

In recent weeks, they’ve been repurposing their usual platforms and hashtags from boosting their favorite stars to backing the Black Lives Matter movement. They flooded right-wing hashtags such as “white lives matter” and police apps with short video clips and memes of their K-pop stars. Many of the early social media messages urging people to sign up for tickets brought up the fact that the rally had originally been scheduled for Friday, June 19, which is Juneteenth, commemorating the end of slavery in the United States. Tulsa, the location for the rally, was the scene in 1921 of one of the most severe white-on-Black attacks in American history.

Schmidt said he was not surprised. Today’s teens, after all, grew up with phones and have “absolutely” mastered them, he said. They are also the first generation to have remote Zoom classes and have a “subversive sense of humor,” having come of age in a world of online trolls and memes, Schmidt said. Most of all, he said, “they are aware of what is happening around them.”

“Like salmon in the river, they participate politically through the methods and means of their lives,” Schmidt added.

That said, the original idea for the mass ticket troll may have come not from a teen but from an Iowa woman. The politics site Iowa Starting Line found that a TikTok video posted on June 11 by Mary Jo Laupp, a 51-year-old grandmother from Fort Dodge, Iowa, suggesting that people book free tickets to “make sure there are empty seats.” Laupp’s video, which also tells viewers how to stop receiving texts from the Trump campaign after they provide their phone number (simply text “STOP”), has had more than 700,000 likes. It was also possible to sign up for the rally using a fake or temporary phone number from Google Voice, for instance.

As Parscale himself pointed out in a June 14 tweet, though, the ticket signups were not simply about getting bodies to the rally. He called it the “Biggest data haul and rally signup of all time by 10x” — meaning the hundreds of thousands of emails and phone numbers the campaign now has in its possession to use for microtargeting advertisements and to reach potential voters.

Sure, it’s possible that many of the emails are fake and that the ticket holders have no intention of voting for Trump in November. But while it’s possible that this “bad data” might prove useless — or even hurt the Trump campaign in some way — experts say there is one clear beneficiary in the end, and that is Facebook. That’s due to the complex, murky ways in which Trump’s political advertising machine is tied up with the social media giant. Facebook wants data on people, and whether that is “good” or “bad,” it will be used to train its systems.

“No matter who signs up or if they go to a rally, Trump gets data to train retargeting on Facebook. FB’s system will use that data in ways that have nothing to do with Trump,” tweeted Georgia Tech communications professor Ian Bogost. “Might these ‘fake’ signups mess up the Trump team’s targeting data? Maybe it could, to some extent. But the entire system is so vast and incomprehensible, we’ll never really know.”

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Compiled by : Reviewer Samana Maharjan

Walmart ad revenue could quickly jump if TikTok bid succeeds

29th August 2020
"Walmart does not break out revenue from sponsored ads."

The proposed purchase, in partnership with Microsoft Corp, would allow the world’s largest retailer to quickly compete with Amazon.com Inc, Facebook Inc and Alphabet Inc’s Google for eyeballs on social media, reaching customers across virtual and physical sales channels.

TikTok is up for sale as the Chinese-owned company is under fire from the Trump administration as a potential national security risk due to the vast amount of private data the app is compiling on U.S. consumers.

Walmart, which pitched its ad business to large consumer goods companies and advertising firms for the first time last year, said on Thursday it was “confident” it could meet U.S. TikTok users’ expectations and satisfy U.S. regulators’ concerns.

TikTok owner ByteDance aims to ink a deal by Sept. 15, people familiar with the matter told Reuters.

Walmart is going to see a very quick rise in ad spend” if its bid succeeds, said Scott Smigler, president of e-commerce marketing agency Exclusive Concepts.

“From a brand standpoint, it’s a no brainer because of the reach Walmart has and the huge shift we’re seeing right now from offline to online (spending). ... For all of our brands and retailers that are eligible, we’re going to want them on Walmart for sure.”

Last week, Walmart posted its biggest-ever quarterly growth in online sales, as the unprecedented spike in demand seen by big-box retailers at the peak of the coronavirus lockdowns has remained strong even as restrictions ease.

Walmart does not break out revenue from sponsored ads for products sold on its website. But online ads yield much higher margins than product sales, and ad revenue is growing as the retailer boosts investments in the area.

It has been more important than ever for Walmart to find new ways to win market share from its closest e-commerce rival Amazon.com, a fast-growing ad platform, as customers increasingly shop online.

Amazon reported $4.2 billion in advertising and other revenue for the most recent quarter, nearly double what it brought in for the same period two years prior. That amount is up 41% from the year-ago period.

Retailers including Target Corp and grocers such as Tesco Plc  have aggressively wooed big advertisers to their websites to drive sales through pop-up banners and search-bar keywords.

In July, Bentonville, Arkansas-based Walmart rolled out new features for its in-house advertising platform Walmart Media Group.

Walmart has seized many opportunities to scoop up online brands like Bonobos, which it purchased for $310 million in 2017, and Art.com, which it bought for an undisclosed amount in 2018.

In 2010, Walmart announced its new video-on-demand service with its acquisition of Vudu, which also offers a free ad-supported streaming option. However, Vudu still lags far behind the monthly viewership numbers that competitors Netflix and Hulu pull in, and Walmart sold it to Comcast Corp-owned Fandango Media LLC, a movie ticketing service, in April.

Investors are viewing Walmart’s play for TikTok as a potential win, and are raring to know more details.

“It’s really hard to put a value on the return they’re (Walmart) going to get from this” possible acquisition, said Randy Hare, portfolio manager at Huntington Private Bank.

But clearly the market’s excited about this because this could really help Walmart with a new channel of advertising.”

Source:Reuters

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New China technology export rules affect TikTok sale to a US company

30th August 2020
"China implementing new rules on AI technology exports"

Plans for a TikTok sale may have a new obstacle, with China implementing new rules on AI technology exports, The New York Times reported. The new export control rules, which focus on technology the Chinese government considers sensitive, could mean that TikTok’s parent company, Beijing-based ByteDance, might need a license before it can sell TikTok to an American company.

The updated regulations prohibit exporting technology including text analysis, voice recognition, and content suggestions without a license from the Chinese government. According to The Wall Street Journal, a Chinese government official told state-run Xinhua News Agency that ByteDance should “seriously and cautiously” consider halting talks for a sale of TikTok.

Microsoft has been the front runner in talks to acquire TikTok which will apparently involve Walmart, and reports suggesting everyone from Twitter to Netflix to Oracle also were in separate talks with TikTok. Amid all the chaos, TikTok CEO Kevin Mayer resigned August 27th, less than six months into the job.

President Trump signed an executive order August 6th blocking all transactions with ByteDance, and has demanded that an American company purchase TikTok’s US business. The order was intended to take effect within 45 days. Then on August 14th, the president signed an order giving ByteDance 90 days to sell or spin off TikTok in the US, the culmination of an investigation of the company by the Committee on Foreign Investment in the US (CFIUS), which oversees foreign acquisitions of US companies for any potential security risks.

It wasn’t clear Saturday whether the Chinese government would seek to block a TikTok sale entirely.

The wildly popular video-sharing platform hit 2 billion downloads globally in April, with 315 million downloads in the first quarter of the year alone.

A TikTok spokesperson declined to comment Saturday.

source: TheVerge

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