Speaking of President Trump, he signed an executive order to extend the deadline for tiktok's Chinese parent bytedance to divest the platform's U.S. operations until December 16th. So another extension. Also, some details about U.S. operations, including Oracle, Silver Lake and Andreessen Horowitz.Oracle would keep the TikTok cloud contract. This would be the group that would control the U.S. operations of Tik Tok. For more.I want to bring in Brad Stone. He's the editor of Bloomberg Businessweek and the aut ...

Core Points - The Trump administration has extended the deadline for TikTok's enforcement ban to December 16, allowing more time for negotiations between the US and Chinese governments [1][4] - Reports indicate that a preliminary deal has been reached regarding TikTok, with commercial terms agreed upon, although skepticism remains about the timely completion of the deal [2][6] - Discussions are ongoing about a plan where TikTok's US operations would be managed by an investor consortium, including Oracle, and a new app is being tested to recreate content-recommendation algorithms [3][9] Negotiation Dynamics - The negotiations surrounding TikTok are complicated by broader US-China trade tensions and legal issues involving companies like Nvidia, which have added layers of complexity to the discussions [5][7] - Experts express doubt about the likelihood of a swift resolution, citing past stalls in negotiations and the multitude of factors at play, including national security and privacy concerns [6][7] - Any potential deal would likely face congressional scrutiny and could set a precedent for the operation of foreign-based apps in the US, with the US government likely insisting on data storage and oversight requirements [9][10]

Group 1 - Pinterest's Relative Strength (RS) Rating improved from 63 to 71, indicating a positive trend but still below the desired threshold of 80 or higher [1] - The Composite Rating for Pinterest has risen to 96, suggesting an overall strengthening in its performance metrics [4] - Following Q2 earnings, Pinterest's stock experienced a decline, highlighting ongoing challenges for the social media company [4] Group 2 - Pinterest has received an analyst upgrade, reflecting confidence in its potential, particularly as it makes advancements in AI [4] - The stock has seen a series of RS Rating increases, with recent jumps to 82 and 84, indicating growing investor interest [4]

Group 1 - Meta Platforms Inc. is under investigation by the US Federal Trade Commission (FTC) regarding its use of AI-powered chatbots on its platform [2][3] - The FTC's inquiry focuses on how Meta measures, tests, and monitors the negative impacts of AI technology, as well as how it monetizes user engagement and processes user inputs [2] - The investigation follows reports that Meta allowed chatbots to engage in romantic conversations with children, raising concerns about user safety [3] Group 2 - Meta Platforms Inc. develops and operates major social media services including Facebook, Instagram, and WhatsApp, and is focused on immersive technologies for the metaverse [3] - Despite the potential of Meta as an investment, some analysts believe there are AI stocks with greater upside potential and less downside risk [4]

Group 1 - Reddit, Inc. (RDDT) is experiencing a recovery in daily active users (DAUs) and traffic after a dip in April, with a bullish outlook driven by improving trends [2][3] - For Q2, revenue is expected to be between $455–$480 million, slightly above the consensus of $425 million, indicating strong buyside expectations [2] - Q3 revenue guidance is projected at $496–$520 million, exceeding the consensus of $472 million, with DAUs expected to reach around 110 million, slightly above the consensus of 108.9 million [3] Group 2 - The stock has appreciated approximately 32% since previous coverage, reflecting improved momentum and DAU trends [5] - The current market sentiment is cautious, but any positive surprises in revenue, EBITDA, or DAUs could lead to a significant rerating of RDDT, presenting an attractive risk/reward opportunity [4] - Despite the potential of RDDT, it is not among the 30 most popular stocks among hedge funds, with a decrease in hedge fund portfolios holding RDDT from 87 to 72 [7]

Group 1 - A US appeals court has blocked former President Trump's attempt to remove Fed Governor Lisa Cook, which reinforces the independence of the central bank [1] - TikTok is moving closer to establishing US-based operations as Oracle reportedly joins a consortium amid ongoing US-China discussions [1] - The first US meme coin ETF, DOJE, is preparing to debut, indicating a growing interest in cryptocurrency investment products [1]

The U.S. and China have “reached a framework” that would enable ByteDance to sell TikTok’s U.S. operations to an American buyer. A successful deal would end China’s leverage over the app in the U.S. — and Trump’s too. (Photo: Kevin Carter via Getty Images) https://t.co/TwS5CdPq7S https://t.co/5xpExPCEYd ...

Core Viewpoint - Meta Platforms is focusing on expanding its market presence with a new model of smart glasses [1] Company Summary - Meta Platforms is leveraging its existing momentum to introduce innovative smart glasses [1] Industry Summary - The smart glasses market is expected to see increased competition as major players like Meta Platforms enhance their product offerings [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Group 1 - The upcoming commercial agreement for TikTok will involve both new and existing investors from its parent company ByteDance [1] - The size of the investment checks for the entity is expected to be relatively small, and there are indications that it will not go public in the future [2]