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Miami Herald
29-06-2025
- Business
- Miami Herald
Trump reveals group of ‘wealthy people' wants to buy TikTok in US
President Donald Trump said a group of 'very wealthy people' wants to buy the Chinese-owned TikTok social media app that is facing a ban in the United States. During an interview Friday with Maria Bartiromo that appeared Sunday on Fox News, Trump said, 'We have a buyer for TikTok, by the way,' declining to name the potential buyers. 'I'll tell you in about two weeks,' he added. The president said he believes Chinese President Xi Jinping 'will probably' approve the deal for U.S. ownership of the video service, which was founded in September 2016. President Joe Biden signed a law in 2024 requiring TikTok to be blocked in the United States unless its parent company, ByteDance, sells it to a non-Chinese company over concerns that sensitive user data could be acquired by the Chinese government. The U.S. Supreme Court voted unanimously on Jan. 17 that TikTok must be banned from U.S. app stores unless the company divested from the platform and sold to an American company by Jan. 19. Biden said he didn't want to intervene in the final days of his presidency, the app went dark around 10:30 p.m. ET on Jan. 18 and the app ceased to appear on Apple and Google's app stores. The 170 million U.S. users and around 1 million creators lost access to the app for at least one day of the 23 million new videos uploaded daily. Those using the app spend about an hour a day looking at some of the 23 million new clips uploaded daily, with teens using it for 2-3 hours a day, according to Exploding Topics. But the next day, the company restored service after Donald Trump said he would pause the deadline for 75 days when he was sworn in as president on Jan. 20, and signed an executive order to do so on his first day in office. He has since pushed off the deadline two more times, with it now delayed until Sept. 17. In April, the White House said it was close to a deal in which 50% of the app would be owned by an American company. Negotiations ended when Trump announced tariffs on goods coming from China to the United States. Trump proposed 134% tariffs on most goods but it has been scaled back to 30% for some items. During his first presidency, on Aug. 6, 2020, Trump signed an executive order 'action must be taken to address the threat posed by one mobile application in particular, TikTok' from China. Trump later credited TikTok with gaining more young voters in the 2024 election and seemed to soften on his stance. ByteDance has also been reluctant to turn over rights to the app's algorithm. It is the fifth-most social network with 1.6 billion users in the world behind Facebook, YouTube, Instagram and WhatsApp, according to Statista. In April, Adweek compiled a list of suitors for U.S. rights, including Applovin, Amazon, Oracle, Blackstone and Andreessen Horowitz. None confirmed negotiations to Addwek. 'It does not feel like these are serious bids for TikTok,' David Arslanian, managing director of Progress Partners, told Adweek. 'It is hard to imagine any of these companies, like Amazon and Oracle, successfully operating just a piece of TikTok.' Copyright 2025 UPI News Corporation. All Rights Reserved.
Scottish Sun
28-06-2025
- Scottish Sun
Refugee who stabbed youth footballer Kiyan Prince to death has been deported to Somalia
Hasan was handed a minimum of 13-years behind bars and was denied parole last year KILLER DEPORTED Refugee who stabbed youth footballer Kiyan Prince to death has been deported to Somalia A SOMALIAN refugee who stabbed youth footballer Kiyan Prince to death outside a school has been deported. Hannad Hasan was given sanctuary in 2001 after fleeing the war-torn African nation. 2 Kiyan Prince was stabbed to death with a penknife in May 2006 Credit: Adweek magazine But just five years later, the thug teen killed QPR youth player Kiyan, 15, after he tried to break up a fight. Hasan, 17, got Kiyan in a headlock and stabbed him through the heart with a penknife in a May 2006 murder in Edgware, north-west London, which horrified Britain. Hasan was handed a minimum of 13-years behind bars and was denied parole last year. The now 35-year-old was flown to Somalia in October 2024. Queens Park Rangers called their ground the Kiyan Prince Foundation Stadium in 2019 after a fan vote over naming rights. The West London championship club reverted to their Loftus Road name three years later. When Hasan was jailed, Judge Paul Worsley said: 'Taking the life of another is always a terrible thing - taking the life of a talented, popular 15-year-old schoolboy who was known to you and who had done you no wrong and had everything to live for defies description.' After the verdict, Mr Prince said the family was 'ecstatic, over the moon' at the sentence. A Home Office spokesperson said: 'Foreign nationals who commit crime should be in no doubt that we will do everything to make sure they are not free to roam Britain's streets, including removing them from the UK at the earliest possible opportunity. 'Since the election we've removed 4,436 foreign criminals, a 14% increase on the same period 12 months prior.' Not-for-profit KPF is committed to using Kiyan's legacy to combat knife crime and other forms of youth violence. Kiyan Prince's family hail FIFA 21 tribute to QPR teenager on 15th anniversary of tragic death
The Irish Sun
28-06-2025
- The Irish Sun
Refugee who stabbed youth footballer Kiyan Prince to death has been deported to Somalia
A SOMALIAN refugee who stabbed youth footballer Kiyan Prince to death outside a school has been deported. Hannad Hasan was given sanctuary in 2001 after fleeing the war-torn African nation. Advertisement 2 Kiyan Prince was stabbed to death with a penknife in May 2006 Credit: Adweek magazine But just five years later, the thug teen killed Hasan, 17, got Kiyan in a headlock and stabbed him through the heart with a penknife in a May 2006 murder in Edgware, north-west London, which horrified Britain. Hasan was handed a minimum of 13-years behind bars and was denied The now 35-year-old was flown to Advertisement Read More on UK News Queens Park Rangers called their ground the Kiyan Prince Foundation Stadium in 2019 after a fan vote over naming rights. The West London championship club reverted to their Loftus Road name three years later. When Hasan was jailed, Judge Paul Worsley said: 'Taking the life of another is always a terrible thing - taking the life of a talented, popular 15-year-old schoolboy who was known to you and who had done you no wrong and had everything to live for defies description.' After the verdict, Mr Prince said the family was 'ecstatic, over the moon' at the sentence. Advertisement Most read in The Sun A Home Office spokesperson said: 'Foreign nationals who commit crime should be in no doubt that we will do everything to make sure they are not free to roam Britain's streets, including removing them from the UK at the earliest possible opportunity. 'Since the election we've removed 4,436 foreign criminals, a 14% increase on the same period 12 months prior.' Not-for-profit KPF is committed to using Kiyan's legacy to combat knife crime and other forms of youth violence. Kiyan Prince's family hail FIFA 21 tribute to QPR teenager on 15th anniversary of tragic death 2 Somalian refugee Hannad Hasan, who stabbed youth footballer Kiyan to death, has been deported Credit: PA:Press Association Advertisement
Miami Herald
14-06-2025
- Business
- Miami Herald
Amazon Prime quietly makes controversial change to beloved service
Over the past few years, Amazon Prime, which currently costs $14.99 a month, has seen rapid growth in U.S. subscribers. The subscription service, which offers Amazon (AMZN) customers access to exclusive benefits such as free shipping, one-day delivery, Prime Day discounts, and a free Grubhub+ membership, reached roughly 180.1 million U.S. subscribers last year, which is about 44% higher than number of U.S. subscribers it had in 2017, according to data from Statista. Don't miss the move: Subscribe to TheStreet's free daily newsletter Amazon Prime is projected to reach 185 million U.S. subscribers this year as the service continues to see increased momentum from consumers. Related: Amazon faces another major boycott threat from consumers In Amazon's first-quarter earnings report for 2025, it revealed that it generated $11.7 billion in revenue from its subscription services (including income earned from Amazon Prime membership fees), which is almost 2% higher than what it earned during the same quarter last year. As Amazon Prime becomes more popular, its Prime Video service has quietly undergone a controversial change that will help increase the retail giant's revenue, and customers may not like it. Amazon Prime Video ads have gradually been elongated to last four to six minutes per hour, according to a new report from Adweek. When ads were first introduced to the platform last year, they only lasted two to three-and-a-half minutes per hour. Amazon recently confirmed this change to ad buyers, who are curious about how this will impact the platform's performance. Related: Paramount makes drastic decision amid shift in customer behavior "They told us the ad load would be increasing," said Kendra Tang, a programmatic supervisor at Rain the Growth Agency, while speaking to Adweek. "That's been confirmed recently when we noticed more avails in the system." When Amazon Prime introduced ads to its platform in January last year, it claimed in an email to customers that it aims "to have meaningfully fewer ads than linear TV and other streaming TV providers," so this change comes as a surprise. In a statement to TheStreet, an Amazon spokesperson said the company is focused on improving the customer experience on Prime Video. "We remain focused on prioritizing ad innovation over volume," said the Amazon spokesperson. "While demand continues to grow, our commitment is to improving ad experiences rather than simply increasing the number of ads shown." The recent news of longer ads on Prime Video is making some customers reconsider their subscriptions. "My Prime account is up for renewal in August. I will definitely be cancelling. Not only are the ads numerous, they are sometimes double in volume (loudness). I can't always hit the mute button fast enough," wrote one Amazon Prime user on Reddit. "Perfect, I was really hoping to finally cut myself off Prime Video, and this should do it," wrote another Amazon user on Reddit. More Retail: Costco quietly plans to offer a convenient service for customersT-Mobile pulls the plug on generous offer, angering customersKellogg sounds alarm on unexpected shift in customer behavior This doesn't come as a surprise, as Prime Video users have previously made it loud and clear on social media that they are not fans of ads on the platform, despite having the option to remove them for an extra $2.99 a month. Shortly after Amazon began rolling out ads on Prime Video, it was hit with a class-action lawsuit from a frustrated customer. The lawsuit accused Amazon of being "deceptive" and "unfair," violating state consumer protection laws, as it had advertised Prime Video as "commercial-free" for years. "To stream movies and tv shows without ads, Amazon customers must now pay an additional $2.99 per month," reads the lawsuit. "This is true even for people who purchased the yearly, ad-free subscription, and who are now mid-way through their subscription. This is not fair, because these subscribers already paid for the ad-free version; these subscribers should not have to pay an additional $2.99/month for something that they already paid for." Related: Best Buy CEO raises red flag about startling customer behavior The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time of India
13-06-2025
- Business
- Time of India
Amazon Prime Video's ad supported tier users may be facing a new 'problem'
Amazon Prime Video users on the ad-supported tier may be facing an increased number of commercials. The streaming platform owned by the e-commerce giant has reportedly doubled the ads it served per hour. Tired of too many ads? go ad free now This rumoured change comes after Amazon introduced advertisements to its Prime Video streaming service last year, with an initial promise of a light and uniterreputing experience. According to a report by Adweek, the latest move aims to increase monetisation from its audience. The ad supported tier isn't available in India yet, but Amazon has announced that Prime Video content in India will include "limited advertisements" beginning June 17. As per the report, Amazon Prime Video has doubled its ad load to 'four to six minutes per hour,' up from the two to three-and-a-half minutes promised when ads launched in January 2024. An Amazon spokesperson has even confirmed the increase to AdWeek but the reported didn't specify any details. However, the report cited industry sources to claim that the company has quietly signaled the same to investors for months. Why Amazon is increasing ad times for Prime Video users This surge in ad time is part of Amazon's broader push to monetise its streaming investment that will help the company invest billions into originals like The Lord of the Rings: The Rings of Power and The Boys, the report claims. Earlier this year, reports surfaced that Amazon would auction off ad spots and deploy more targeted, context-driven ads using its extensive consumer data. While advertisers may welcome these changes, viewers see their experience as collateral damage. To compare, Prime Video rival Netflix , has also avoided ads for years but eventually introduced an ad-supported tier to attract viewers deterred by price hikes. The report notes that streaming services often launch with generous pricing to outcompete rivals, then raise prices or increase monetisation once they dominate the market. India's New AC Rule: Cooling Between 20°C–28°C Explained
