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Abu Dhabi royal family to take stake in TikTok US under Trump deal
The Guardian· 2025-09-26 07:44
Core Insights - The Abu Dhabi royal family, through MGX, will acquire a 15% stake in TikTok's US business, which is valued at $14 billion following an executive order by Donald Trump [1][2] - The deal will result in American companies controlling over 65% of TikTok US, with significant investments from Oracle, Silver Lake, and other notable investors [2][3] - ByteDance, TikTok's Chinese parent company, will retain a 19.9% stake in the US operation, ensuring a minority interest in the business [3] Group 1 - The deal is part of a broader effort to ensure TikTok US is majority-owned and controlled by American investors, addressing privacy and national security concerns [3][4] - The valuation of TikTok US at $14 billion is significantly lower than ByteDance's overall valuation of approximately $330 billion [5] - The future of TikTok US had been uncertain due to legislative pressures and national security concerns, prompting the need for a sale [6] Group 2 - The deal is expected to enhance user confidence regarding data privacy, as it aims to protect American users' data from potential misuse [4] - Trump indicated that the deal had received a positive response from Chinese President Xi Jinping, although official approval from China remains unclear [4] - The involvement of high-profile investors like Larry Ellison and Rupert Murdoch underscores the strategic importance of the deal for the US market [2][3]
BREAKING: Trump signs executive order facilitating sale of TikTok to group of U.S. investors
NBC News· 2025-09-25 20:49
Next sir, we have an executive order on Tik Tok. From the first days of your administration, you've charged a team from your from your administration led by Vice President Vance uh with ensuring that we can uh preserve Tik Tok as a platform for the 170 million Americans who use it while ensuring that their data is properly protected as required by law. With this executive order, uh you will be effectively bringing into effect uh the agreement that will save Tik Tok and ensure that it can operate safely and ...
X @Dash
Dash· 2025-09-25 14:51
This is the result of a world where you don't truly own your money and your data.We're fixing this.Joel Valenzuela (@TheDesertLynx):Went to order takeout.Was required to create an account as part of a global data network with email and phone number verification.Cancelled. I just want to feed myself, not the global surveillance state.Shame on whoever normalized massive data mining for literally every ...
Trump says Rupert, Lachlan Murdoch to likely be involved in U.S. TikTok deal
CNBC Television· 2025-09-22 11:03
President Trump says that Rupert Murdoch and his son Lachlan Murdoch, the CEO of Fox, will probably be involved in a deal to keep Tik Tok running in the United States. In an interview that aired yesterday on Fox News, President Trump also said Oracle executive chairman Larry Ellison and Dell CEO Michael Dell will likely be involved. A person familiar with the matter telling CNBC that Lachlan Murdock probably won't take part in the deal individually, but Fox could play a role.There was a Friday call between ...
THE GOVERNMENT KNOWS ALL OF YOUR PASSWORDS!
The Diary Of A CEO· 2025-08-29 23:03
Security Risks in International Travel - Business travelers to hostile countries are almost always under surveillance, including potential hotel room searches and physical tracking [1] - Travel to countries like Russia, China, and Cuba likely involves surveillance teams monitoring individuals of wealth, influence, or significance [2] - Foreign entities may attempt to extract data from travelers' cell phones, including contacts, and duplicate hard drives during immigration processes [4] Data Extraction Capabilities - Authorities can potentially obtain passwords for all devices within approximately 30 minutes [1][8] - Technology exists to scrape and scan hard drives, sometimes without requiring passwords [7] Border Security Practices - Border patrol in the United States has the authority to extract data from electronic devices [6] - Individuals deemed targets of interest may undergo secondary screening, where their bags are opened, and devices may be unlocked for data scanning [6][7]
Google's bill for grabbing kids YouTube user data hits $200 million with new $30 million settlement
TechXplore· 2025-08-26 11:07
Core Points - Google has agreed to pay $30 million to settle a lawsuit regarding the collection of data from children under 13 on its YouTube platform [1] - The lawsuit claims that Google manipulated children by using their personal information to increase their time on YouTube, thereby boosting targeted advertisements and revenue [2] - Google admitted no wrongdoing in the settlement but argued that the lawsuit did not specify losses or prove that its data collection was beyond routine commercial behavior [3] Settlement Details - The settlement, pending court approval, could benefit an estimated 35 million to 45 million children who watched content on YouTube between July 1, 2013, and April 1, 2020 [5] - Lawyers estimate that claimants will receive at least $30 each, as only a small fraction of eligible individuals typically submit claims [5] - Following a previous settlement with the FTC and New York, Google stated it would limit data collection on children's videos and cease personalized ads for such content [6] Ongoing Legal Issues - Google is currently facing another lawsuit related to data collection from children through its education products, with allegations of tracking students' online activities and creating detailed profiles for marketing purposes [8][9] - The company maintains that data collected from its education services is not used for targeted advertising and emphasizes strong controls to protect student data [10] - In 2020, Google settled a lawsuit in New Mexico for $3.8 million related to data collection from children, establishing a privacy initiative in the state [11] Industry Context - The settlement comes amid increased scrutiny of Big Tech's practices regarding child users, particularly following revelations about Meta's AI bots interacting with children under 13 [12]
US spy chief says UK has dropped its Apple backdoor demand
TechCrunch· 2025-08-19 14:25
Core Points - The U.K. has dropped its demand for Apple to provide a "backdoor" to its cloud systems after negotiations with the Trump administration [1][2][3] - The U.K. government's request was aimed at accessing encrypted data of American citizens, which raised concerns about civil liberties [2][4] - Apple initially responded by removing the Advanced Data Protection feature in the U.K. and challenged the backdoor mandate in court [5][9] Group 1 - The U.K. agreed to drop its mandate for Apple to provide a backdoor, ensuring the protection of Americans' private data and civil liberties [2][3] - The legal demand was made under the U.K.'s Investigatory Powers Act 2016, which sparked global outrage from privacy and security experts [4] - Apple has stated it has never built a backdoor or master key for its products and services [9] Group 2 - The backdoor request was part of a months-long negotiation process involving U.S. officials [3] - Apple initially removed the Advanced Data Protection feature for new users in the U.K. and guided existing users to disable it [5] - The case regarding the backdoor mandate was initially secret but later ruled to be held in public [5]
X @Elon Musk
Elon Musk· 2025-08-19 03:20
Data Privacy & Security - UK agreed to drop its mandate for Apple to provide a "back door" [1] - This mandate would have enabled access to the protected encrypted data of American citizens [1] - The mandate was seen as encroaching on American citizens' civil liberties [1] International Cooperation - Collaboration between the US and UK governments to ensure Americans' private data remains private [1] - Focus on protecting Constitutional rights and civil liberties of American citizens [1]