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January 19, 2025, 4:05 AM
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NBC News:
ByteDance's TikTok and CapCut suspend service in the US, telling users “Trump has indicated that he will work with us on a solution to reinstate TikTok”  —  Users reported being unable to access TikTok Saturday after a pop-up message from the company came up on their screens saying “a law banning TikTok has been enacted.”
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Jonathan Vanian / CNBC:
TikTok is not available for download in the App Store and Play Store in the US, as the app halts service in the country to comply with the divest-or-ban law  —  Apple and Google removed TikTok from their app stores Saturday night, complying with a law requiring China's ByteDance to divest …
NBC News:
Trump says he will “most likely” give TikTok a 90-day reprieve after he takes office on Monday “because it's appropriate”  —  Trump spoke to NBC News' Kristen Welker in an exclusive phone interview Saturday, discussing his plans on what to do about the popular social media app.
Will Oremus / Washington Post:
TikTok bans in countries around the world have played out quite differently; Instagram Reels largely replaced TikTok in India, following TikTok's ban in 2020  —  India's 2020 crackdown helped give rise to Instagram Reels, which has largely replaced it there.  But TikTok has proved more resilient elsewhere.
Politico:
Congressional leaders seem flummoxed by the growing popularity of Chinese-owned apps Xiaohongshu and Lemon8, an unintended consequence of the TikTok ban  —  The Chinese apps RedNote and Lemon8 have exploded in popularity as TikTok faces an imminent ban and the Supreme Court upheld the law forcing its sale.
Hayden Field / CNBC:
Source: Perplexity AI made a TikTok US bid to ByteDance, proposing a merger that brings video to Perplexity, with ByteDance investors retaining their stakes  —  Perplexity AI officially made a play for TikTok on Saturday, submitting a bid to its parent company, ByteDance …
Financial Times:
A profile of Charlwin Mao, founder of Xiaohongshu or “Little Red Book”, who claims the name references the color of his university Stanford and ex-employer Bain
Ana Faguy / BBC:
The White House says TikTok's threat to shut down is a “stunt” as there is “no reason for TikTok or other companies to take actions” before Trump takes office
CNN:
Donald Trump says he will “be making the decision” about TikTok and confirms he talked with Chinese President Xi Jinping about the app
Axios:
CoinGecko: $TRUMP rose more than 600% overnight and was trading at just over $32 as of 11AM ET, giving it a fully diluted market capitalization of $32B+
Andrew Hayward / Decrypt:
Donald Trump is promoting a Solana memecoin called TRUMP from his social media accounts, with 200M $TRUMP available now and growing to 1B “over three years”
Matthew Green / A Few Thoughts on Cryptographic Engineering:
A close look at some privacy implications of AI interfacing with messaging apps and other E2EE systems, Apple's approach to “Private Cloud Compute”, and more  —  Recently I came across a fantastic new paper by a group of NYU and Cornell researchers entitled “How to think about end-to-end encryption and AI.”

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From Mediagazer

Gene Maddaus / Variety:
A US judge orders a temporary halt to the Paramount-WBD merger, as a 12-state coalition, led by California, argues it would violate federal antitrust law

Michael M. Grynbaum / New York Times:
Unsealed docs: the DOJ sought phone records of NYT reporters and their relatives in an extraordinary attempt to unmask sources of NYT's Air Force One coverage

MJ Franklin / New York Times:
How publishers are cashing in on surging public interest in The Odyssey through splashy reissues; Circana BookScan says sales of The Odyssey rose by 76% YoY

More News

Zack Abrams / The Block:
Vitalik Buterin outlines “large changes” to Ethereum Foundation leadership structure, after fellow Ethereum co-founder Joseph Lubin called for new EF leadership

Earlier Picks

Bloomberg:
The FTC says Genshin Impact maker Cognosphere will pay $20M to settle claims that it deceived players about the cost of winning prizes and mishandled kids' data
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