The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Biden administration asked a federal judge in Washington to put on hold the litigation over a ban on the Chinese-owned video-sharing app TikTok that was pursued by former president Donald Trump.
The government “plans to conduct an evaluation of the underlying record justifying those prohibitions,” the administration said in a court filing on Wednesday. “A review of the prohibitions at issue here may narrow the issues presented or eliminate the need for this court’s review entirely.”
Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.
TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers.
BoF Careers provides essential sector insights for fashion's technology and e-commerce professionals this month, to help you decode fashion’s commercial and creative landscape.
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.