Posts filtered by tags: Mayer[x]


 

As the US gets ready to ban TikTok downloads, there is still no proof the app is spying on you for China

TikTok, the app beloved by Generation Z, might get booted out of the US. Jon Kopaloff/Getty Images The Trump administration is forcing TikTok to sell off its US business by September 15 or else face a ban, accusing it of posing a privacy and national security threat because it is owned by a Chinese company. The administration has explicitly claimed TikTok spies on people but has never offered public evidence. Experts diving through TikTok's code and policies say the app collects user data ...
Tags: Apple, Google, Facebook, Hong Kong, Europe, Instagram, Washington, China, Disney, US, Trends, European Union, Beijing, Reddit, Ban, Donald Trump


TikTok has reportedly approached Instagram cofounder Kevin Systrom about becoming the app's CEO

Jim Bennett/WireImage/Getty Images Instagram cofounder Kevin Systrom has been approached as a possible candidate to become TikTok's CEO, the New York Times reports.TikTok's CEO position has been vacant since late August, when Kevin Mayer resigned from the role only after three months in the position. But per reported terms of the deal to keep TikTok in the US, the company will be required to get a US CEO to show its separation from its Chinese parent company ByteDance.Talks between TikTok ...
Tags: Facebook, Mark Zuckerberg, News, Instagram, US, Trends, Tech, Walmart, New York Times, Donald Trump, Kevin Systrom, Mike Krieger, Jim Bennett, Mayer, Kevin Mayer, Tech Insider


The Treasury Dept. has reportedly reached a deal for Oracle, Walmart, and other US investors to take a majority stake in TikTok

Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider The US government has "tentatively agreed" to a deal between Oracle and TikTok parent company ByteDance over TikTok's ownership structure, Bloomberg reported on Thursday. According to reports from Bloomberg and Reuters, US investors will have a majority stake in a newly created US-headquartered TikTok. Oracle is expected to claim a 20% stake, with Walmart and ByteDance's US investors involved as well. The deal will have to be ...
Tags: Enterprise, Media, China, Disney, US, Trends, Walmart, Bloomberg, Getty Images, Beijing, Sequoia Capital, Donald Trump, Wall Street Journal, Oracle, General Atlantic, Reuters


Industry Leaders: HECMs to Drive Reverse Mortgage Industry in Near-Term

The reverse mortgage industry is likely to be led by Home Equity Conversion Mortgage (HECM) business as opposed to proprietary products in the near future, owing to the value proposition and rate environment according to industry leaders at two different top ten lenders. This is according to the leaders themselves during panels at RMD’s HEQ event earlier this month. The activity that has taken place in the proprietary reverse mortgage space over the past couple of years has displayed a notabl...
Tags: Featured, Finance, Hud, Products, HMDA, FHA, CFPB, Mayer, FAR, Consumer Financial Protection Bureau CFPB, Federal Housing Administration FHA, HECM, Longbridge, Longbridge Financial, Finance of America Reverse, Reverse Mortgage Funding


Oracle has reportedly won the deal for TikTok’s US operations, beating Microsoft

Oracle has secured a deal to become the short video app’s “trusted tech partner” in the US, Wall Street Journal reported. Details about the deal aren’t clear at the moment, including whether this is an outright sale of TikTok’s US arm, including its algorithms, or whether Oracle will only manage TikTok’s US cloud operations. Microsoft, another frontrunner to acquire TikTok confirmed its bid for the TikTok’s US arm was rejected by the app’s parent, ByteDance (more on that below). Oracle’s name ha...
Tags: Travel, Usa, News, Microsoft, China, Singapore, India, US, Walmart, Atlantic, United States, Larry Ellison, Sequoia Capital, Donald Trump, Wall Street Journal, Oracle


12 tricks Steve Jobs, Jeff Bezos, and other famous execs used to run meetings

At Amazon, people aren't only expected to participate in meetings, they're obliged to speak up if they disagree with something that was said. Getty Images The overwhelming majority of business leaders find most meetings largely unproductive, per a 2017 survey conducted by the Harvard Business Review. Unproductive meetings are usually caused by having too many people in the room, not having an agenda, or simply meeting too often. Successful executives like Jeff Bezos, Elon Musk, and...
Tags: Apple, Google, Amazon, Spacex, Elon Musk, Yahoo, Steve Jobs, Evernote, US, Barack Obama, Trends, Nike, Tesla, Hp, Larry Page, Gm


Reverse Mortgage Lessons the U.S. Can Learn From Other Parts of the World

The concept of the reverse mortgage is active all over the world. While different countries see different levels of reverse mortgage success, analysts and researchers at institutions like the World Bank and the Brookings Institution see a greater potential for reverse mortgage products to provide solutions to increasingly cash-strapped seniors both within and beyond the borders of the United States. That said, there may be some lessons from other parts of the world that are involved in the pr...
Tags: Europe, Featured, News, Australia, Finance, Canada, United States, United Kingdom, World Bank, Products, HMDA, Mayer, RESPA, Longbridge, Longbridge Financial, Chris Mayer


China restricts AI exports, will now have a say in TikTok sale

Update on September 4, 12:23 IST: China has confirmed it will have to greenlight Bytedance’s acquisition by an American firm. A Chinese foreign ministry spokesperson, Gao Feng, on Thursday stressed that the regulatory changes aren’t targeted at a specific company. But companies looking at American investments should consult relevant government agencies should any technology they deploy fall under the export control list. “If the technologies specified in the Catalogue are involved in trade, inve...
Tags: Travel, News, Microsoft, China, Singapore, India, US, Walmart, United States, New Zealand, Donald Trump, Trump, Geopolitics, Xinhua, Mayer, Committee on Foreign Investment


Softbank is reportedly interested in buying TikTok’s India arm

Softbank is believed to be putting together a consortium of companies to bid for TikTok’s India operations and is actively looking for local partners, Bloomberg reported. Softbank, which already owns a stake in TikTok parent ByteDance, has reportedly held talks with the heads of Reliance Jio and Bharti Airtel. Reliance Jio’s name has popped up in multiple reports for its reported interest in buying TikTok’s India arm. India was TikTok’s biggest market in terms of user base before it was banned i...
Tags: Travel, News, Instagram, Microsoft, China, Singapore, India, Softbank, US, Walmart, Bloomberg, United States, Alphabet, Trump, Reliance Jio, Mayer


The Air Force is moving forward with a plan to build a supersonic Air Force One

An artist's rendering of a supersonic Air Force One. Air Force Life Cycle Management Center/Facebook The Air Force's Presidential and Executive Airlift Directorate awarded a $1 million contract to start work on a new "low boom" supersonic aircraft for the president.The contract requires the company to create the future aircraft's specifications, including its "power, weight, dimensions, communication systems, cabin layout," and a virtual-reality model of the aircraft cabin space.Visit B...
Tags: Trends, Georgia, Air Force, Supersonic, Boeing, US Air Force, Mach, Boeing Co, Mayer, Transaero, SBIR, Daryl Mayer, Air Force One, Air Force Materiel Command, Supersonic Jet, Presidential Aircraft Recapitalization


HMDA Report Includes Private Reverse Mortgage Origination Data, Lenders Offer Perspective

The new Home Mortgage Disclosure Act (HMDA) data report released late last week by the Consumer Financial Protection Bureau (CFPB) includes origination volume data for proprietary reverse mortgage products during the 2019 calendar year. This is according to the report itself and independent verification by sources with knowledge of private product originations. The data offers a figure that is attributed to “niche non-HECM reverse mortgage products,” while also specifying that non-HECM origin...
Tags: Finance, HMDA, FHA, Mayer, Consumer Financial Protection Bureau CFPB, Federal Housing Administration FHA, HECM, Longbridge, AAG, American Advisors Group AAG, Nationwide Equities, RMF, Chris Mayer, David Peskin, John Yedinak, Peskin


An exclusive interview with BofA's stock-strategy chief, who shares her secrets for success

Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every Tuesday. CNBC Dear Readers,The Investing team at Business Insider spends a lot of time trying to figure out what sets the world's most brilliant financial minds apart from others. In a market where momentum reigns and everyone crowds into the same stocks, such an endeavor can be more difficult than it sounds.What we're looking...
Tags: US, Trends, Investing, Markets, Bank Of America, Stocks, Goldman Sachs, Stock Market, Goldman, Stock, Cnbc, Blackrock, Business Insider, Brendan, Ryan, Mayer


Q&A with BofA stock chief — 11-part strategy from stock-picking champion — 4 portfolio shifts for BlackRock

Dear Readers,The Investing team at Business Insider spends a lot of time trying to figure out what sets the world's most brilliant financial minds apart from others. In a market where momentum reigns and everyone crowds into the same stocks, such an endeavor can be more difficult than it sounds.What we're looking for is that special sauce that gives high-performing individuals an edge — and more often than not, that deciding factor extends far beyond conventional market wisdom.If you aren't yet ...
Tags: US, Trends, Investing, Markets, Bank Of America, Stocks, Goldman Sachs, Stock Market, Goldman, Stock, Blackrock, Business Insider, Brendan, Ryan, Mayer, BofA


TikTok has reportedly chosen a buyer and could announce a deal to sell its US business as early as tomorrow

Jakub Porzycki/NurPhoto via Getty Images TikTok has found a buyer for its US operations and could announce the deal as early as Tuesday, CNBC reported, citing sources familiar with the matter.TikTok's Chinese parent company, ByteDance, has a matter of weeks to sell its US business before a Trump executive order banning the app goes into effect.The company is weighing a joint bid from Microsoft and Walmart, as well as an offer from Oracle, among others.Former CEO Kevin Mayer said a deal was...
Tags: Twitter, Microsoft, China, US, Trends, Tech, Walmart, Netflix, Donald Trump, Oracle, Cnbc, Alphabet, Trump, Mayer, Kevin Mayer, Tech Insider


China restricts AI exports, will now have a say in TikTok sale

The Chinese government has added artificial intelligence technology to its export control list, possibly jeopardizing the impending sale of Bytedance’s TikTok US operations. The restriction effectively implies that Bytedance will have to seek China’s approval to sell TikTok’s US operations. This development was first reported by the Nikkei Asian Review. On Friday, China’s Commerce Ministry and its Science and Technology Ministry added “technology based on data analysis for personalised informati...
Tags: Travel, News, Microsoft, China, Singapore, India, US, Walmart, United States, New Zealand, Donald Trump, Trump, Geopolitics, Xinhua, Mayer, Committee on Foreign Investment


TikTok's CEO left 3 months into the job after getting boxed out by ByteDance during TikTok's biggest moment of crisis

ByteDance founder & CEO Zhang Yiming, right; and Kevin Mayer, who just stepped down as TikTok CEO. Drew Angerer/Getty Images; Zheng Shuai/VCG via Getty Images TikTok CEO Kevin Mayer announced his sudden departure from the company late Wednesday night after only three months into the job.In a letter to employees, Mayer said he was leaving amid "corporate structural changes" and a changing "political environment," hinting at the bidding war among US tech companies to buy up TikTok's US operat...
Tags: News, Media, Microsoft, White House, Advertising, Disney, US, Los Angeles, Trends, Tech, Analysis, Atlantic, Iger, Sequoia Capital, Donald Trump, Cnbc


Walmart and Microsoft are reportedly partnering to buy TikTok; Oracle’s chances look strong too

Walmart is reportedly teaming up with Microsoft to bid for acquiring TikTok, even as a report suggested that Oracle has emerged has the frontrunner to acquire the popular short video app from Chinese parent ByteDance. According to CNBC, which first reported Walmart’s interest in TikTok, the company believes that acquiring TikTok will help it to serve its omnichannel customers, as well as grow its ad business, which is expected to boost Walmart’s e-commerce division. ByteDance, meanwhile, is repo...
Tags: Travel, News, Microsoft, China, Singapore, India, Softbank, US, Walmart, Atlantic, United States, Larry Ellison, Sequoia Capital, Ellison, Oracle, Cnbc


Daily Crunch: TikTok’s CEO resigns

Turmoil continues at TikTok, Salesforce lays off 1,000 people and Warby Parker is now valued at $3 billion. This is your Daily Crunch for August 27, 2020. The big story: TikTok’s CEO resigns Kevin Mayer, the former Disney executive who joined TikTok as CEO just over 100 days ago, announced yesterday that he’s resigning. While Mayer was likely brought on to reassure U.S. legislators about the app’s Chinese owners, it seems he wasn’t expecting this level of conflict, with President Donald Trump...
Tags: Apple, Google, Social, Mobile, Facebook, New York, Microsoft, Disney, Tech, Walmart, Policy, Donald Trump, Instacart, Warby Parker, Audience Network, Kevin


'Law and Order' for thee but not for me

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "When we take the court and represent Milwaukee and Wisconsin, we are expected to play at a high level, give maximum effort and hold each other accountable. We hold ourselves to that standard, and in this moment, we are demanding the same from our lawmakers and law enforcement." —The players of the Milwaukee Bucks, after deciding not to play their game against the Orlando Magic due to the shooting...
Tags: Amazon, Facebook, Politics, Texas, Youtube, Opinion, Washington, Mexico, White House, Milwaukee, Disney, US, Sports, America, Trends, Joe Biden


TikTok CEO Mayer Quits After Three Months, Just as Firm Challenges US Ban

TikTok CEO Kevin Mayer has left the Chinese-owned video app firm just three months since joining, and only days since the company sued the administration of U.S. President Donald Trump over an executive order effectively banning it in the United States. He will be replaced by U.S. General Manager Vanessa Pappas on an interim basis, TikTok said in a statement. From a report: The resignation comes at a tricky time for super-fast growing TikTok as it tries to persuade both the United States and Ind...
Tags: India, Tech, United States, Donald Trump, Walt Disney, Mayer, Kevin Mayer, Tiktok, Vanessa Pappas


TikTok's CEO: I Didn't Sign Up for This Shit

Four months ago, Kevin Mayer was running Disney+ and only had to worry about cashing checks. But in May he decided to take a giant leap and become the CEO of social media behemoth TikTok. In his short tenure, all hell broke loose at the company, and on Wednesday, Mayer informed employees that he’d be stepping down.Read more...
Tags: Science, China, Disney, Trump, Mayer, Kevin Mayer, Tiktok, Tiktokalypse Now


Walmart confirms it's working with Microsoft in bid to acquire TikTok's US business

Microsoft CEO Satya Nadella, left, and Walmart CEO Doug McMillon. Chesnot/Getty Images; Rick T. Wilking/Getty Images Walmart has partnered with Microsoft in a bid for TikTok, the retail giant told CNBC's Alex Sherman.TikTok parent company ByteDance is expected within the next few days to announce a deal to sell off the app's US operations in an effort to avoid a nationwide ban on the app.Walmart is the latest US company to be floated as a potential buyer. Other rumored interested parties in...
Tags: Google, News, Microsoft, China, Singapore, Softbank, Satya Nadella, Disney, US, Los Angeles, Trends, Walmart, New Zealand, Retail, Donald Trump, Oracle


TikTok launched a store selling $70 'Not Going Anywhere' hoodies hours before CEO Kevin Mayer quit

TikTok TikTok launched a merchandise store hours before CEO Kevin Mayer resigned. The store sells two items: a $45 T-shirt and a $70 hoodie. Both carry the words "Not Going Anywhere" on the front and "Here To Stay" on the back — a message of defiance amid growing pressure from the Trump administration to ban the app in the US.The store will sell other apparel, games, and more in the coming months.Visit Business Insider's homepage for more stories.TikTok launched a merchandise store selling...
Tags: Microsoft, US, Trends, United States, Retail, Merchandise, Drake, Donald Trump, Oracle, Gary Vaynerchuk, Trump, Mercedes Benz, Mayer, Kevin Mayer, Tech Insider, Matt Navarra


TikTok chief Kevin Mayer quits company

Mayer's resignation comes days after TikTok filed a lawsuit challenging a crackdown by the US government over claims the wildly popular social media app can be used to spy on Americans. The post TikTok chief Kevin Mayer quits company appeared first on The Mail & Guardian.
Tags: Microsoft, US, World, Donald Trump, Oracle, Openaccess, Mayer, Sci-tech, Kevin Mayer, Top Six, Bytedance, Tiktok, Vanessa Pappas, International Emergency Economic Powers Act


10 things in tech you need to know today

TikTok CEO Kevin Mayer. Reuters/Brendan McDermid Good morning! This is the tech news you need to know this Thursday. Sign up here to get this email in your inbox every morning.TikTok CEO Kevin Mayer resigned as the Trump administration is pushing to ban the Chinese-owned app. Mayer joined TikTok in May as CEO and served as COO of its parent company ByteDance. Jeff Bezos is now worth more than $200 billion, making him the richest person in the world by nearly $90 billion. Bezos has more weal...
Tags: Apple, Facebook, UK, America, Trends, Bloomberg, Jeff Weiner, Boris Johnson, Airbnb, Salesforce, Huawei, Alexa, Marc Benioff, Forbes, Nordic, Trump


TikTok CEO Kevin Mayer Resigns

Kevin Mayer has stepped down as CEO of TikTok, just months after taking the job and after recent pressure by President Trump over the app’s security, Variety has confirmed. Mayer sent a letter to TikTok and ByteDance employees on Wednesday night, announcing his decision. “In recent weeks, as the political environment has sharply changed, I have done […]
Tags: News, Trump, Variety, Mayer, Kevin Mayer, Tiktok


TikTok CEO Kevin Mayer resigned as the Trump administration is pushing to ban the Chinese-owned app

Pawel Kaminski/Walt Disney Television via Getty Images Kevin Mayer resigned as chief executive of TikTok just months after joining the company.Mayer announced his departure in a letter to employees at TikTok and its parent company ByteDance."In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for," Mayer wrote in the letter, which was ob...
Tags: News, Microsoft, China, US, Trends, Tech, United States, Donald Trump, Financial Times, Trump, Kevin, Mayer, Kevin Mayer, Tech Insider, Zhang Yiming, Bytedance


TikTok CEO Kevin Mayer quits owing to Trump’s effective ban on TikTok

TikTok CEO Kevin Mayer has quit the company after US President Donald Trump effectively ordered a ban on the app through two executive orders and the app sued his administration over one of them. TikTok confirmed Mayer’s resignation to MediaNama. Vanessa Pappas, the current general manager of TikTok, will head the company in the interim period, as per the FT report. Mayer had joined as TikTok’s CEO and its parent company ByteDance’s COO in May 2020 after having headed Disney’s streaming division...
Tags: Travel, News, China, Singapore, India, Disney, US, United States, Donald Trump, Financial Times, Trump, Kevin, Mayer, Committee on Foreign Investment, CFIUS, Kevin Mayer


TikTok CEO Kevin Mayer resigns after 100 days

Kevin Mayer, the chief executive of TikTok, announced on Wednesday that he is resigning, just over 100 days after the former Disney executive joined the world’s largest short video app in mid-May. The news came just days came on the heel of TikTok’s move to sue the U.S. government over its forthcoming ban. “We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision. We thank ...
Tags: TC, China, Disney, Tech, New York Times, Trump, Kevin, Mayer, Kevin Mayer, Bytedance, Tiktok


Kevin Mayer resigns as TikTok CEO

Mayer took up the position merely three months ago
Tags: News, Trends, Social Media, Mayer, Kevin Mayer, Tiktok, Breaking Twitter