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US Senate passes bill to force sale of TikTok, sending it to Biden | Technology

[ad_1] TikTok has said legislation ‘would trample the free speech rights of 170 million Americans’. The United States Senate has approved legislation that would ban the popular video-sharing app TikTok unless it divests from its Chinese parent company. The vote on Tuesday clears the way for the bill to be signed into law by President … Read more

Tesla profit plunges 55%, as shares bounce on plans for cheaper vehicles | Technology

[ad_1] The Texas-based company reports profits of $1.1bn in the first quarter, down from $2.51bn a year ago. Tesla reported a 55 percent drop in profit amid fierce competition in the electric vehicle market, but shares rallied on plans to accelerate the production of more affordable models. The Austin, Texas-based company on Tuesday reported profits … Read more