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The TikTok Law Kicks Off A New Showdown Between Beijing And Washington. What’s Coming Next?

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Understanding What Happens When You Buy TikTok Followers
AP - VOR News Image

WASHINGTON – TikTok is preparing to engage in a legal battle against a U.S. legislation that would compel the social media platform to sever its connections with its China-based parent company. Chinese authorities likely support this action, as the intense rivalry between the United States and China jeopardizes the future of a highly popular online platform for young Americans to connect.

Beijing has indicated that TikTok should resist what it perceives as a “robbers” move by U.S. politicians who aim to seize all the valuable assets possessed by others. If a judicial challenge is unsuccessful, experts believe that Chinese authorities are unlikely to permit a sale, as this may be interpreted as yielding to Washington.

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AP – VOR News Image

The TikTok Law Kicks Off A New Showdown Between Beijing And Washington. What’s Coming Next?

Alex Capri, a senior lecturer at the National University of Singapore and research fellow at Hinrich Foundation, suggests that Beijing is concerned about the negative implications that the U.S. action against the popular short-form video platform could have, as it may establish an undesirable precedent. “If Beijing surrenders to the United States, what will be the ultimate outcome?”

Parent firm ByteDance issued its first formal comment on the new rule in a post on Toutiao, a Chinese news app owned by the company. The statement explicitly mentioned that ByteDance has no intention of selling TikTok. In response to media reports, the firm based in Beijing addressed the speculation around exploring potential possibilities for selling TikTok’s U.S. business.

The legislation that U.S. President Joe Biden signed this week may allow Washington to extend its reach to target other China-related apps, such as the well-known e-commerce platform Temu, according to Hu Xijin, a former editor-in-chief for the party-run newspaper Global Times. Furthermore, it could encourage U.S. allies to take similar actions.

According to Hu, a political commentator, TikTok, with its 170 million American users, should display more courage and determination by refusing to give up and fighting until the very end.

TikTok has pledged to contest the recently enacted U.S. legislation that mandates ByteDance to sell off its ownership interests within a one-year timeframe in order to prevent a ban. The corporation has described the regulation as a violation of the freedom of expression of its users, the majority of whom utilize the program for amusement purposes.

The company expressed confidence in its position, stating that it firmly thinks the facts and the law support its case, and they are confident in its ultimate victory.

The dispute around TikTok has escalated the tensions between the United States and China, as both countries have pledged to safeguard their economic and national security concerns. U.S. legislators are apprehensive about the Chinese ownership of the application, as it may potentially enable Beijing to exercise undesirable influence on the United States, particularly on the impressionable minds of young individuals.

Washington has achieved a series of triumphs in reducing the influence of Chinese corporations through bans, export controls, and forced divestitures. This has led to protests from Beijing, who believe that the U.S. is intentionally trying to suppress China’s economic growth through coercion.

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AP – VOR News Image

The TikTok Law Kicks Off A New Showdown Between Beijing And Washington. What’s Coming Next?

The United States has previously compelled Chinese corporations to sell off their assets. For instance, in 2020, Beijing Kunlun, a Chinese mobile video game company, agreed to divest itself of the gay dating app Grindr following a directive from the federal government. However, TikTok, which was developed by a Chinese corporation exclusively for the international market, serves as a prominent example of China’s technological prowess on a worldwide scale. Beijing is determined not to relinquish control over this influential platform.

Gabriel Wildau, managing director of Teneo, a consultancy and advisory firm based in New York, stated that national dignity is at risk and may be prioritized over the financial interests of ByteDance investors, especially global investors with a 60% stake in the company.

The corporation is anticipated to mount a legal battle that will heavily rely on First Amendment considerations and has the potential to be protracted for several years. Analysts assert that Beijing is relying on a favorable legal outcome.

The course of action to be taken if TikTok fails to succeed is currently under discussion with the Chinese authorities, according to Dominic Chiu, an analyst with Eurasia Group. Chiu stated that President Xi Jinping, who has the authority to approve or disallow the transaction, has likely yet to make the definitive choice.

Fortunately for Xi, Beijing does not face any immediate pressure to decide, according to Sun Yun, the director of the China program at the Stimson Center in Washington. “There is a possibility for numerous alterations,” she stated.

If lawmakers’ desire for a sale of TikTok is fulfilled, the procedure is expected to be complicated for the company. TikTok would need to separate its activities in the United States from all other aspects of its business.

Firstly, the cost of acquiring TikTok’s U.S. operations, although undisclosed, is anticipated to be substantial enough to significantly restrict the number of potential investors and companies capable of affording it. Several investors, including former Treasury Secretary Steve Mnuchin, have already positioned themselves as potential purchasers of a U.S. iteration of TikTok. According to market tracker Pitchbook, ByteDance, a privately held company, has a valuation of $220 billion.

There is now a lack of clarity on the fate of the TikTok algorithm, which is the secret formula responsible for delivering personalized short videos to users depending on their preferences. This algorithm has played a significant role in establishing TikTok as a dominant force in popular culture.

ByteDance would be prohibited from having control over the algorithm of a U.S. subsidiary of TikTok. According to many experts, Chinese authorities are likely to prohibit the sale of the technology that appears in people’s TikTok feedsbased on the amended export regulations of 2020. After the federal courts blocked former President Donald Trump’s attempt to outlaw TikTok through an executive order, this revision took place.

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AP- VOR News Image

The TikTok Law Kicks Off A New Showdown Between Beijing And Washington. What’s Coming Next?

According to certain individuals, including Mnuchin, it is necessary to reconstruct TikTok in the United States by employing novel technology. However, it is uncertain how this will manifest or how effectively it will replicate the kind of video suggestions that viewers have become accustomed to.

According to Robin Burke, a professor of information science at the University of Colorado Boulder, certain elements of the algorithm might potentially be duplicated by individuals within the company. However, he also observed that TikTok has certain areas where it outperforms its competition, making it difficult to replicate.

“TikTok possesses extensive experience and a wealth of data,” Burke stated. “I believe it is improbable for a U.S. company, without inheriting the technology from its parent company, to construct something of equal caliber.” Definitely not immediately.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

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Nissan | CNN Image

Vicki Hill was awakened early on May 14 by explosions outside her Bethesda, Maryland, house. Later, she discovered that the 2015 Nissan Murano family SUV’s airbags were to blame for the loud bangs. It was on fire.

“I thought someone was trying to get into our house with a sledgehammer and I woke my husband up and I said something’s wrong,” she stated on CNN. “And he ran downstairs and shouted up, ‘Call 911, the car’s on fire!'”

The family gave CNN a video from their home’s doorbell camera, which shows smoke before the fire bursts and engulfs the automobile.

nissan

Nissan | Houston Press Image

Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

The cause of the fire in the Murano is unknown. Nissan is investigating the fire, and the National Highway Traffic Administration is also gathering information.

“The safety and security of our customers is our primary concern,” a Nissan spokeswoman stated in response to an email inquiry about the fire. “We have opened an investigation into this incident.”

Nissan recalled the Hills’ Murano in 2016 and 2019 to address a fault that may cause brake fluid to leak and create a fire even when the vehicle was parked. Owners were instructed to park their vehicles outside and away from buildings until the problem was resolved due to fire hazards.

A search on the NHTSA’s website revealed an outstanding unrepaired recall on the Hills’ Murano. According to the couple, a local fire investigator concluded that the unrepaired recall may have caused the fire. But the Hills recall having the service done and provided CNN with a snapshot of a receipt from a nearby Nissan dealership proving the repair was completed. CNN has not validated the receipt’s authenticity.

The Hills stated that because the recall work had been completed, they did not consider the potential of a fire.

Philip Hill had been working on the garage, so the couple’s two automobiles were parked in the driveway. Otherwise, the Murano would have been parked in the garage beside the home.

nissan

Nissan | DLJ Image

Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

“As you can see from the video, that vehicle is so close to the house,” Philip Hill explained to CNN. “Minutes later, the house could have gone up.”

According to reports, the garage door melted due to the fire. The Hills credit a neighbor’s dog for saving them and their three children. After being alerted by her dog, the neighbor called 911 before the Hills arrived

The powerful flames from the burning Nissan also destroyed the side of the family’s other vehicle, a 2012 Mercedes C-class, rendering it useless.

Initially, the Hills were frightened that they had been victims of vandalism. However, they stated that the video evidence from their Nest doorbell camera clearly showed the truck suddenly combusting.

nissan

Nissan | Houston

Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

According to Hills, Nissan seized possession of the Murano on Wednesday to conduct a more thorough inspection.

Vehicle fires are not uncommon, as shocking as the Hills’ circumstance appears to be. According to the National Fire Protection Association, there will be approximately 188,500 automobile and truck fires in the United States in 2022, an average of more than 500 daily. According to the National Fire Protection Association, vehicle fires killed 610 civilians that year.

SOURCE – (CNN)

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U.S. Stock Markets Closed for Memorial Day on May 27

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U.S. Stock Markets Closed for Memorial Day on May 27

(CTN News) – The U.S. stock market will be closed on Monday, May 27, for Memorial Day.

The Nasdaq and New York Stock Exchange will be closed on Monday and reopened on Tuesday, May 28. According to the Securities Industry and Financial Markets Association, the U.S. bond market will close at 2 p.m. ET on Friday, May 24.

Memorial Day is one of numerous holidays in the United States commemorates and honors the military. Originally known as “Decoration Day,” it was established in the 1860s to honor those who died while serving in the military.

After Memorial Day, Wall Street will resume regular operations until mid-June. The next scheduled stock market closure is on Wednesday, June 19th, in honor of Juneteenth.

United States stock market 2024 holiday schedule

Markets will be closed for the following holidays:

  • Memorial Day: Monday, May 27
  • Juneteenth: Wednesday, June 19
  • Independence Day: Thursday, July 4 (markets also close at 1 p.m. ET on July 3)
  • Labor Day: Monday, Sept. 2
  • Thanksgiving: Thursday, Nov. 28 (markets also close at 1 p.m. ET on Nov. 29)
  • Christmas: Wednesday, Dec. 25

Memorial Day Traditions

Historically, Memorial Day has served as the unofficial start of summer. Thousands of students have the day off from school, and office workers enjoy a long weekend. As well as honoring fallen military heroes, it is a time for gatherings, barbecues, and outdoor activities.

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Boeing’s 1st Astronaut Flight Now Set For June After A Review Of Small Leak On New Capsule

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Boeing | AP News Image

CAPE CANAVERAL, Florida – Boeing is now aiming for its first human launch in early June, having spent the previous two weeks dealing with further issues with the space capsule.

Despite a propulsion system leak, officials from Boeing and NASA have assured that the Starliner spacecraft is equipped to safely transport two test pilots to the International Space Station. The minor helium leak, identified following the initial launch attempt on May 6, was promptly addressed and resolved, demonstrating the commitment to safety.

boeing

Boeing | Medium Image

Boeing’s 1st Astronaut Flight Now Set For June After A Review Of Small Leak On New Capsule

Engineers suspect a faulty rubber seal the size of a shirt button and claim that even if the leak grows, it can be fixed in flight. According to NASA’s commercial crew program manager, Steve Stich, all of the capsule’s other seals checked out, prompting officials to set the launch date for June 1.

This will be Starliner’s third test flight. Demos in 2019 and 2022 had no one on board. Boeing was forced to repeat the empty trip the first time due to software and other issues.

If not for the Atlas V rocket’s faulty valve, which halted the first countdown, Starliner would have launched from Cape Canaveral earlier this month, with the leak discovered in orbit, according to Stich. Officials said that flight controllers would have handled the leak, and the astronauts would have been safe. Helium is utilized to pressurize the fuel lines of the propulsion system, which moves the capsule in flight.

boeing

Boeing | Washington Times Image

Boeing’s 1st Astronaut Flight Now Set For June After A Review Of Small Leak On New Capsule

Engineers now know where the leak is, which, according to Boeing program manager Mark Nappi, will help them improve the system in the future.

“Remember that this is a test flight. “We are still learning,” Nappi told reporters.

According to Stich, the discovery of the Starliner leak revealed yet another issue — “a design vulnerability” in the propulsion system in the improbable scenario of a series of failures. He said that the crew had devised workaround measures to safely remove the capsule from orbit at the end of the trip if such issues emerged.

“We’re not going to fly until we’re sure we’re safe,” NASA Associate Administrator Jim Free stated.

boeing

Boeing | CTV News Image

Boeing’s first astronaut flight is now scheduled for June following a review of a minor leak in the new capsule.

Boeing’s Starliner capsule has already been years late carrying passengers to the International Space Station for NASA. SpaceX has launched crews since 2020. NASA wants both companies to provide taxi service to support each other.

SOURCE – (AP)

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