TikTok Star Charli D’Amelio Invests In Mobile Banking Service For Teens

KEY POINTS

  • Charli D’Amelio has invested in a mobile banking service called Step that is aimed at teens aged 13 to 19
  • She joins Justin Timberlake, the Chainsmokers, Kelvin Beachum, Eli Manning and more
  • Step has welcomed over 500,000 users only two months after its official launch

TikTok’s most popular user Charli D’Amelio has invested in Step, a mobile banking service aimed specifically at teens.

Step announced Wednesday that it has raised over $50 million in Series B funding, TechCrunch reported. D’Amelio, 16, is excited about her first startup investment and is optimistic about the future of the company.

“As a Step partner and customer, I’ve been able to see firsthand how easy Step makes it to manage your money while providing the educational resources that today’s teens need but have largely been unable to find—myself included,” the TikTok star said in a statement.

“I’m excited to be able to

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TikTok lists top videos, creators of 2020

NASHVILLE, Tenn. (AP) — From skateboarding to Fleetwood Mac to learning Cardi B’s rump-shaking choreography, TikTok users got creative in a pandemic year with new songs, dances and memes in 60 seconds or less.

The social media video app on Wednesday shared its list of top 100 videos, creators and trends in America during 2020, recapping a year of viral videos that were sometimes a needed distraction in a tumultuous year.

“The through line is that these are videos that brought joy and inspiration to millions of Americans in a year that has been a bit of a whirlwind for everyone as we all try to figure it out,” said Kudzi Chikumbu, director of creator community at TikTok.


The platform has been widely associated with Generation Z and millennials who experiment with the app’s digital effects like green screens and and influencers who have launched careers based on the shared

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ByteDance gets another extension from US government for TikTok sale

The Trump administration has once again extended the deadline for ByteDance to sell video sharing platform TikTok’s business in the US, Reuters reported. The Committee on Foreign Investment in the United States (CFIUS) has given China-based ByteDance until December 4th to either sell or spin out its US business, according to a court filing. CFIUS reportedly granted the extension “to allow time to review a revised submission” that it recently received.

President Trump said in August that TikTok and its parent company were a national security risk to the US, and issued the initial order requiring TikTok to sell its US business. Trump’s order would have blocked all US transactions with ByteDance.

In September, the US Commerce Department issued an order to block downloads of TikTok in the US. The president then said he had approved “in concept” a deal with Oracle and Walmart that called for creating a new

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TikTok exec explains key takeaways for brands to succeed on the app

  • TikTok’s fashion and beauty partnerships lead, CeCe Vu, holds “growth strategy sessions” with brands to advise them how be successful on the platform.
  • Her big message: trust creators.
  • Business Insider spoke with Vu about her 6 key takeaways for brands, from co-creating with influencers through features like duets to leaning into the comments.
  • “My role is to help [brands] realize what they can actually do,” she said.
  • Subscribe to Business Insider’s influencer newsletter: Insider Influencers.

TikTok’s fashion and beauty partnerships lead, CeCe Vu, has one major message for brands: trust creators. 

For TikTok and its creators, 2020 has been a roller coaster of growth and political uncertainty. And for brands, dipping their toes into marketing on TikTok has not been an easy transition.

While the app has spurred a rise of short-form video content across platforms (such as Instagram launching its TikTok copycat, Reels), brands still face challenges when it

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Here’s Why Fastly Stock Is Still a Buy — Even Without TikTok

It’s been a tough time to be a Fastly (NYSE:FSLY) investor. Ever since its biggest customer — TikTok parent ByteDance — ran into trouble with the U.S. government, Fastly’s stock has been in freefall, losing as much as half its value. While it might have seemed like the sky was falling, recent comments by management have helped put the matter into perspective.

In this Earnings Review that aired on Fool Live on Oct. 30, Fool.com contributors Danny Vena, Daniel Sparks, and Jason Hall discuss what Fastly’s management said in the quarterly shareholder letter and what all this means to investors.

Danny Vena: I was going to say the reports that came out after Fastly reported its earnings. Essentially, there were a couple of things. First of all, the CEO said that the largest customer, which we know is TikTok parent ByteDance, removed the majority of its US and international traffic

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TikTok owner gets another week to sell its US business

TikTok’s deadline to finalize a US buyer has been extended for the second time in less than a month.



a close up of a computer keyboard


© Shutterstock


The Trump administration on Wednesday gave the short-form video app’s Chinese owner, ByteDance, until December 4 to conclude a proposed takeover deal by Oracle and Walmart, according to a spokesperson for the Treasury department.

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“The Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a one-week extension…to allow time to review a revised submission that the Committee recently received,” the spokesperson said.

In an executive order this summer, Trump set November 12 as the hard deadline for ByteDance to divest TikTok, which has more than 100 million users in the United States. But as the deadline came and went, confusion reigned over what consequences might be in store for TikTok. Trump’s executive order did not say that TikTok would be banned if it missed

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TikTok Launches New Feature To Filter Possible Seizure Triggers

KEY POINTS

  • TikTok announced the launch of a new feature to protect those with photosensitive epilepsy
  • It will give users a chance to skip videos with photosensitive content
  • TikTok aims to become the “most inclusive and accessible online platform”

TikTok is adding a new feature that will allow users to skip videos that may trigger seizures.

The video-sharing, social-networking service already warns creators about content featuring effects that can trigger seizures in people with photosensitive epilepsy, but TikTok is taking it another step further by giving users the chance to completely opt out of seeing such videos.

“With this new feature, viewers who come across a photosensitive video will receive a notification inviting them to ‘Skip All’ future photosensitive videos,” Joshua Goodman, director of product at TikTok, said in a statement.

The feature that’s set to roll out “in the coming weeks” is a part of the company’s

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U.S. grants ByteDance new seven-day extension of TikTok sale order: filing

WASHINGTON (Reuters) – The Trump administration on Wednesday granted ByteDance a new seven-day extension of an order directing the Chinese company to sell its TikTok short video-sharing app, according to a court filing.

The administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Donald Trump on Aug. 14 had directed ByteDance to divest the app within 90 days.

The new deadline is Dec. 4, TikTok said in the filing. Under pressure from the U.S. government, ByteDance has been in talks for months to finalize a deal with Walmart Inc and Oracle Corp to shift TikTok’s U.S. assets into a new entity.

TikTok declined to comment beyond the filing.

ByteDance has made a new proposal aimed at addressing the U.S. government’s concerns, said a person briefed on the matter who declined to detail that proposal.

A U.S. Treasury representative

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Apple enlists influencers to promote iPhone 12 mini on TikTok

Apple is now using its previously dormant TikTok account and recruiting popular influencers on the platform to promote the iPhone 12 mini.

The new marketing campaign comes about seven months after Apple first established its verified account in April. Until now, the TikTok account has remained unused.

In November, Apple published four video clips featuring TikTok influencers Jessica Wang, Kevin B Parry, Zach King, and Julian Bass.

Each clip features the influencers making various items shrink to a more compact size, including jackets and cupcakes. They all end with the iPhone 12 being shrunk down to an iPhone 12 mini. The TikTok videos also challenge viewers to “make it mini,” with a new hashtag for the proposed trend.

The campaign seems to have boosted Apple’s profile on the platform, since the company now has around 378,000 followers and 350,000 thousand likes as of writing.

TikTok has been the subject of

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TikTok will add an epilepsy warning to photosensitive videos

TikTok is adding a new feature that will help people who have epilepsy to avoid potentially dangerous photosensitive content. The short video platform already warns creators if their uploads contain effects that could trigger photosensitive epilepsy, but now anyone who encounters an example in their feed will get an alert that allows them to opt out of viewing such content in the future. There’ll also be a toggle in the app’s accessibility settings.





© Illustration by Alex Castro / The Verge


The Epilepsy Foundation of America says that 1 in 26 people in the US will develop epilepsy at some point, with a tenth of people being affected by seizures. Video content that involves flashing lights and colors can trigger seizures, so it’s important for people to be able to control what they’re able to see — particularly on a social platform like TikTok where content is actively pushed to

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