Reuters
u/reuters • Official
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I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal.
I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal.
TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.
The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent.
TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.
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A place for major news from around the world, excluding US-internal news.
A place for major news from around the world, excluding US-internal news.
Spain's Sanchez suspends public duties to "reflect" on future
Spain's Prime Minister Pedro Sanchez said he will suspend public duties until next week to decide whether he wants to continue leading the government after a court launched a business corruption probe into his wife's private dealings.
Sanchez, who last year secured another term for his Socialist party as leader of a minority coalition government, said he would appear before the media on Monday, April 29, to announce his decision.
"I need to pause and think," he wrote in a letter shared on his X account. "I urgently need an answer to the question of whether it is worthwhile ... whether I should continue to lead the government or renounce this honour."
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A place for major news from around the world, excluding US-internal news.