Lam, who works closely with Chinese authorities, has scoffed at the prospect of being targeted by US sanctions
With Reels, one can record and edit 15-second multi-clip videos with audio, effects and new creative tools
Some advertisers are forming contingency plans and considering other apps to move their marketing budgets
The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the Bloomberg Billionaires Index
He calls these apps 'significant threats'; executive order will come into effect in 45 days
Zhang, whose ByteDance Ltd owns TikTok, was on the verge of building the world's third truly global advertising and social-media force
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China will defend the legitimate rights and interests of Chinese businesses, foreign ministry spokesman Wang Wenbin said
Tiktok has come under fire from US lawmakers and the administration over national security concerning data collection
The order says the US "must take aggressive action against the owners of TikTok to protect our national security", BBC reported
India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the Trump administration and the US lawmakers
One person close to ByteDance in India said there was a "deal in the works" with Microsoft for TikTok India but it fell through, according to the report
After all, this weekend's flurry of deal activity shows that not even the coronavirus can stifle M&A demand for long
The decision opens a Pandora's Box that digital platforms might one day wish had been kept closed
TikTok could try to lower the risk for an acquirer by striking multiyear exclusive deals with its most popular American creators, the way that platforms like YouTube and Twitch have done
speaking on the expansion of the clean network, Pompeo urged "freedom-loving nations' to join the clean network and also called for ending the use of Chinese cloud providers
US law states that presidential decisions blocking deals on national security grounds are not subject to judicial reviews
Instagram Reels will let users record and edit 15-second multi-clip videos with audio, and will let users add visual effects
This is in addition to the Xiaomi's Mi Community app which was banned earlier.
Trump's demand has set off a geopolitical tug-of-war, but it has ample precedent