Tech Report: TikTok deadline likely extended again as tech industry faces major shifts
(LILAMAX)- If you’ve been enjoying your time on TikTok, you may get to keep scrolling — at least for now. The Trump administration is expected to extend the deadline for the app’s U.S. operations once again, potentially delaying a ban for the third time.
Without an extension, TikTok would have gone dark on June 19, as previously ordered, mirroring an earlier blackout earlier this year. The extension would give TikTok’s parent company, ByteDance, more time to divest its U.S. business, a requirement under current federal policy aimed at protecting American user data. Administration officials say the goal is to ensure U.S. users can continue using TikTok with the assurance that their data is secure.
Meanwhile, Amazon is navigating the rising tide of artificial intelligence — and that could mean changes to its workforce. In a memo to employees, CEO Andy Jassy warned that fewer people may be needed for some roles as generative AI tools become more embedded in Amazon’s operations. Jassy encouraged employees to adapt and learn how to use AI, noting that smaller, more efficient teams will be the norm in the future.
Over at Tesla, it was a rough day for shareholders. The company’s stock dropped 4 percent Tuesday following a report from Business Insider that Tesla plans to halt production of both the Cybertruck and Model Y at its Austin, Texas factory starting June 30. The stoppage is reportedly for maintenance, but it’s the third shutdown at the facility in the past year. It also comes just days after Tesla is expected to unveil its highly anticipated robotaxi project on June 22.
In the world of media, traditional TV continues to lose ground. According to Nielsen, streaming captured nearly 49 percent of total TV viewing in May — the highest ever. Platforms like YouTube, Netflix, and others continue to lead the charge, as streaming usage has jumped 71 percent over the past four years. Still, analysts say the numbers could shift slightly with the return of football season and new broadcast programming later this year.
