
TikTok reportedly developing new version of app ahead of planned US sale
TikTok is developing a new version of its app for U.S. users ahead of an expected sale of the app to a group of investors, according to a report from The Information.
The company reportedly plans to launch the new app on September 5, while the existing app will stop working in March of next year. The timeline may shift, the report notes.
TikTok users in the U.S. would have to download the new app to continue to use the social network.
The report comes two days after President Donald Trump said he would begin talking to China this week about a possible deal, stating that the government 'pretty much' has a deal on the sale of the short-video app.
Last month, Trump extended the TikTok ban deadline to September 17, marking the third time the deadline has been pushed back.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Some wealthy New York elites surprisingly back NYC socialist candidate who wants to tax them more
Despite his socialist proposals, New York City mayoral candidate Zohran Mamdani has several millionaires backing his candidacy amid his calls to tax the wealthy to fund expansive social programs. James Hueston, a 27-year-old venture capitalist, is part of a group called the Mamdani Millionaires in a Wall Street Journal piece published Monday. "In my eyes, I should absolutely be paying my fair share for the people that need it," Hueston told the newspaper. "I don't think that he's increasing taxation for the sake of it. I think that he's doing it to fund very explicitly good policies." Socialist's Nyc Mayoral Win Sparks Fierce Debate Over Feasibility Of Radical Policy Agenda Voting data showed that about a third of the city's wealthiest residents supported Mamdani in the primary, the New York Post reported. Many donors, some from Wall Street and large law firms, have remained anonymous. Other high-earning supporters of Mamdani include Ahmed Haque, the founder and CEO of consulting firm Didactic Labs. Read On The Fox News App "For immigrants coming to this country, these small businesses represent the single path for upward mobility that they have," he said. Bradley Tusk, a venture capitalist who ran Michael Bloomberg's third campaign for mayor of New York City, wrote on LinkedIn that New Yorkers should "do what we can to help him succeed." Socialist Mayoral Candidate Zohran Mamdani Under Fire For Plan To Tax 'Richer And Whiter Neighborhoods' In an Instagram post, Keith McNally, owner of Balthazar, a French restaurant, called Mamdani "fantastic." "More so, when my affluent, paranoid friends tell me Mamdani's dangerous," he wrote. Kathy Wylde, president of the Partnership for New York City, a major business group, told The Journal that she met with Mandani in September, long before his candidacy was taken seriously. "I'm not in favor of government taking over your business," Wylde recalled him telling her. She added that "he has already acknowledged that the housing crisis is only going to be addressed if there's an increase in private supply. So he's not just talking about social or socialized housing solutions."Original article source: Some wealthy New York elites surprisingly back NYC socialist candidate who wants to tax them more

Wall Street Journal
15 minutes ago
- Wall Street Journal
Elon Musk Is Running Out of Road in China
As Elon Musk confronts deepening business and political challenges in the U.S., he's also facing trouble in his other most important market: China. For a while, Tesla was the hottest car on Chinese roads, and Musk was the toast of Beijing. Government officials showered the company with incentives, part of a concerted strategy to turbocharge the Chinese EV industry by injecting Tesla know-how into the country and spurring competition. Tesla's sales took off.


Bloomberg
17 minutes ago
- Bloomberg
China's Huayou Cobalt Sees Record Profit Boosted by Indonesia
China's Zhejiang Huayou Cobalt Co. Ltd expects to report record half-year earnings, as it ramps up nickel projects in Indonesia and enjoys the tailwind from rising cobalt prices. The major battery materials supplier will post net income for January through June of between 2.6 billion yuan ($360 million) and 2.8 billion yuan, according to preliminary earnings posted on Monday. At the low end, that's a 56% jump from a year earlier.