ExchangeWire: Digest: TikTok Ads to Get More Disruptive; OpenAI Shuts Down Sora; Anthropic Faces the Pentagon in Court
TikTok's US app moves into TikTok USDS Joint Venture LLC, majority-owned by US-led investors with Oracle, Silver Lake and MGX at 15% each and ByteDance at 19.9%. The joint venture runs data, algorithm and moderation, while advertising and e-commerce stay with TikTok global's US entities.
AdExchanger: TikTok Ads Get A Glow-Up; OpenAI Isn’t Open To Ads (Yet)
TikTok goes offline for US users on the night of 18 January 2025. Service returns on 19 January, when campaigns targeting US audiences resume delivering, with limits on live campaigns.
The US Supreme Court upholds the divest-or-ban law as applied to TikTok, keeping the 19 January 2025 ban deadline in place.
Adweek: Agencies Are Spending More on TikTok Ads This Year Despite US Ban Uncertainty
The US divest-or-ban law is signed: ByteDance has nine months, extendable by three, to divest TikTok's US business or the app is effectively banned in the US.
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