TikTok Announces a $200 Million Creator Fund but Getting Banned in The US Is Still A Possibility

TikTok announced a $200 million fund to  helping  top creators in the U.S. supplement their earnings. The fund called  TikTok Creator Fund will help eligible  creators on the site earn money. TikTok currently helps creators make money as they can monetize their videos with sponsorships and brand partnerships.

TikTok is currently fighting a ban in the USA in which they have been accused of that the platform is a security threat. Donald Trump said he is considering banning the app in the U.S and Peter Navarro, White House advisor to President Trump said the app would face penalties for “information warfare” against the United States. It his would occur, this would cripple TikTok.  In addition, Apple Inc. and Alphabet Inc.’s Google would have to remove the app from their app stores. Investor- Sequoia Capital, have urged Zhang to sell a majority stake in TikTok and make it a US company.

CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, in order to determine the effect of such transactions on the national security of the United States.

TikTok is a private company. ByteDance Names Kevin Mayer Chief Operating Officer As COO, Mayer will serve as Chief Executive Officer of TikTok. Kevin Mayer will report to Yiming Zhang, ByteDance’s Founder and CEO. Kevin brings over 25 years’ experience, most recently as Disney’s Chairman of Direct-to-Consumer & International.

TikTok is the leading destination for short-form mobile video. Our mission is to inspire creativity and bring joy. TikTok has offices across the globe, including Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. The company is owned by ByteDance a Chinese company. ByteDance also owns Douyin which is  is China’s leading destination for short-form mobile videos, and Toutiao is one of the most popular content discovery platforms in China. Also included in their portfolio is Xigua Video,  one of China’s most popular video applications that enable users to discover, enjoy and share a wide range of video stories, both short-form and long-form.

Source Image:  visuals

In addition, they have an app Helo available in 15 languages including Hindi, Telugu, Tamil, Malayalam and more, Helo is one of India’s leading social media platforms. Helo’s mission is to bring people together, create and share content in their own language and to connect with wider community. Lark y available in Japan and Singapore, Lark combines a multitude of essential collaboration tools in a single interconnected platform, including chat, calendar, content creation, cloud storage, and app management. BaBe is Indonesia’s leading news and content app. It offers personalized news and entertainment content from more than 1,000 publisher partners, across over 20 categories

Source: ByteDance 

TikTok is a private company. ByteDance Names Kevin Mayer Chief Operating Officer As COO, Mayer will serve as Chief Executive Officer of TikTok. Kevin Mayer will report to Yiming Zhang, ByteDance’s Founder and CEO. Kevin brings over 25 years’ experience, most recently as Disney’s Chairman of Direct-to-Consumer & International.

 

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