A group of American investors claim their plans to purchase the app from Beijing Telecoms and ByteDance were thwarted through fraud.

A number of high-profile technology companies have announced job cuts this summer as the industry faces rapid change.

That makes this rollout a potentially shape-shifting event for rivals like Meta and Google. Meta, in particular, has feasted on TikTok’s turmoil. Billions in U.S. ad spend is up for grabs, and a Business Insider report pegged Meta’s potential haul at up to $3.4 billion if TikTok fades away.

According to the rumors, TikTok owner ByteDance is expanding its offerings by building a mixed reality headset.

Competition in mixed reality devices is heating up. TikTok’s parent, ByteDance, is working on a lightweight mixed reality device that resembles a pair of goggles, according to three people with direct knowledge of the project.

Launching a U.S.-specific app could be part of the company's broader plan to comply with a 2024 law requiring ByteDance to divest from TikTok.

A Freedom of Information Act request has produced letters that the US Department of Justice sent to Google, Apple, Amazon, and several other companies in order to assuage their concerns about breaking a law that banned US web services from working with TikTok.

ByteDance, the Beijing-based parent company of TikTok, is laying off 65 workers based in Bellevue, Wash., according to

Social media giant TikTok will launch a new version of its popular app to Apple's and Google's app stores on September 5, as part of an agreement to sell its US business looms.

ByteDance, the parent company of TikTok and CapCut, is planning to launch U.S.-specific version of the popular apps.

With a TikTok ban still looming, ByteDance is reportedly working on a U.S.-only version of the app as Trump continues talks with China.