article thumbnail

Big Tech Compliance Tracker: EU Prepares To Propose New Big Tech Regulations; Turkey Fines Big Tech Platforms $1.18M

PYMNTS

million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister. Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media.

article thumbnail

The Commerce Magic Of National Dog Day

PYMNTS

And then there are the holidays that we all know are made-up, but still have a great time celebrating on social media. National Chocolate Chip Cookie Day (Aug. 4), National Chocolate Day (Oct. 28), National Avocado Day (July 31), National Ice Cream Day (July 21) and so on. Holidays like National Dog Day.

National 109
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Americans Rush To Download WeChat App In Advance Of Ban

PYMNTS

are racing to download the Chinese multi-purpose messaging, social media and mobile payment app, Reuters reported. Last week, the Commerce Department announced that the prohibitions on WeChat and TikTok transactions are based on the president’s executive order issued in August over national security concerns. From Friday (Sept.

article thumbnail

Judge Temporarily Blocks Trump's WeChat Ban

PYMNTS

A California federal judge has temporarily blocked President Donald Trump's executive order prohibiting WeChat , the social media app owned by China’s Tencent Holdings Ltd., national security, foreign policy and the economy. national security, foreign policy and the economy. Score one for WeChat. told the WSJ.

article thumbnail

Oracle And Walmart Could Pay $12B For TikTok Stake Under Deal Trump Endorses

PYMNTS

Chinese tech giant ByteDance reportedly wants Oracle and Walmart to pay $12 billion for a combined 20 percent stake in its social media giant TikTok — a plan President Donald Trump said will allow TikTok to avoid a threatened U.S. operations over alleged national security grounds. shutdown. “I If they get it done, that’s great.

article thumbnail

Decision On TikTok Ban Coming Sunday

PYMNTS

has asked a federal judge to temporarily stop President Donald Trump’s executive order prohibiting the popular app over national security concerns. In court documents, TikTok argued the ban is motivated by political considerations over the November presidential election, not by a genuine national security concern. and Walmart Inc.

article thumbnail

Trump Gives ByteDance 90 Days To Split From US TikTok Business

PYMNTS

There is credible evidence that leads me to believe that ByteDance … might take action that threatens to impair the national security of the United States,” Trump said in his order. District Court for the Southern District of California, the company’s U.S. The social media company said Wednesday (Aug.

US 265