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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Recent from Bloomberg Markets and Finance:
Bloomberg Markets and Finance published this video item, entitled “U.S. Threat Against TikTok Is Credible, Says Ives” – below is their description.
Sep.18 — The U.S. moved to expel the Chinese-owned WeChat and TikTok apps from U.S. app stores as of Sunday, and it will ban cash transfers within the U.S. related to WeChat. Dan Ives of Wedbush Securities calls this a credible threat. He appears on “Bloomberg The Open.”Bloomberg Markets and Finance YouTube Channel
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In This Story: markets
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In This Story: TikTok
TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.
ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.