TikTok VP Blake Chandlee to speak at Business Insider event in October

Business Insider is proud to announce that Blake Chandlee will speak at the inaugural BI Global Trends Festival, a virtual event taking place the week of October 19-23, 2020.

Chandlee is the VP overseeing all of TikTok’s ad partnerships, sales operations, and anything the app does to generate revenue — making him one of the most important people running the company’s US operations today.

The company has been in the spotlight since the Trump administration’s attempts to issue a nationwide ban on the app, which allows users to record short videos synchronized with music. Now, the decision on the ban will be delayed until at least after Election Day 2020.

Chandlee came in at the beginning of 2020 to head up TikTok’s global business solutions, the division working with brands to advertise on the growing platform, Business Insider previously reported. Under Chandlee, TikTok’s ad product offerings have expanded dramatically, to include opportunities for sponsored hashtags and challenges, in-feed videos, and branded AR effects.

TikTok has nearly 800 million users. Chandlee revealed a few months ago that the company wants to launch a purchasing tool similar to Instagram’s, allowing users to buy directly from the app.

Chandlee previously worked at Facebook for more than 12 years overseeing global partnerships.

Hear Chandlee talk about the future of tech at the Business Insider Global Trends Festival. Get your tickets today.

Paige Leskin contributed to this report.

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TikTok rival Triller exploring IPO through SPAC merger: Report

  • Video app Triller is exploring the possibility of an IPO, sources told Reuters.
  • The company is reportedly in talks to set up a public listing via a merger with a special purpose acquisition company (SPAC).
  • It is simultaneously pursuing a private funding round, and sources told Reuters it had raised $100 million at a valuation of $1.25 billion so far.
  • The sources said no deal is yet firm, and that Triller is still deciding which path to take.
  • Visit Business Insider’s homepage for more stories.

Short-form video app Triller, which bills itself as a rival to the wildly successful TikTok, is reportedly exploring an IPO.

Reuters reported Sunday that Triller was in talks with investment bank Farvahar Partners about a potential merger and IPO.

Sources told Reuters the merger, if successful, would be with a special purpose acquisition company (SPAC). 

SPACs are essentially shell companies that go public to raise capital in order to acquire a company, allowing their target to easily obtain a public listing.

Triller was simultaneously in talks to raise a private fundraising round, sources told Reuters, adding that it had raised $100 million at a valuation of $1.25 billion so far.

Reuters’ sources said Triller was deciding whether to carry on with the private raise or forge a deal with the SPAC. They added that no deal was certain yet.

Triller was not immediately available to comment on the report when contacted by Business Insider.

Triller has positioned itself as an emerging competitor to TikTok, which it is suing for alleged patent infringement.

Last month it said it had 100 million monthly active users, and CEO Mike Lu told TechCrunch Disrupt on September 15 that the company’s growth was “definitely on a rocket ship.” 

TikTok remains much larger than Triller, with 689 million monthly active users

Pakistan bans TikTok for ‘immoral’ content

The Pakistan Telecommunication Authority (PTA) on Friday issued instructions to block controversial video-sharing platform TikTok.

In a statement, the PTA said the ban followed a number of complaints about the type of content shared on the app.

“In view of a number of complaints from different segments of the society against immoral/indecent content on the video-sharing application TikTok, Pakistan Telecommunication Authority has issued instructions for blocking of the application,” it wrote.

The PTA said after considering the complaints, as well as the nature of the content being “consistently” posted, it issued a final notice to the application.

The watchdog said it gave TikTok considerable time to respond and comply with its instructions for “development of effective mechanism for proactive moderation of unlawful online content”.

“However, the application failed to fully comply with the instructions, therefore, directions were issued for blocking of TikTok application in the country,” it continued.

“TikTok has been informed that the Authority is open for engagement and will review its decision subject to a satisfactory mechanism by TikTok to moderate unlawful content.”

In late August, a video of a man dying by suicide was posted on Facebook. The graphic video spread across other platforms such as Instagram, Twitter, and Youtube, but it continued to appear on TikTok weeks later as the app struggled to remove the horrific content.

The PTA had at the time asked TikTok to “block the vulgar, indecent, and immoral content for viewership in Pakistan”.

It asked the platform to put in place stronger content monitoring and moderation mechanisms so that unlawful material could not be accessed or viewed within Pakistan.

It also asked similar requests of Youtube, demanding the Facebook-owned site to “block vulgar, indecent, immoral, nude, and hate speech content for viewing in Pakistan”.

“PTA has done so keeping in view the

Exclusive: TikTok Rival Triller Explores Deal to Go Public – Sources | Top News

By Joshua Franklin and Echo Wang

(Reuters) – Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.

The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue.

Triller, which was launched in 2015 and only has a fraction of the 100 million users that TikTok boasts in the United States, has said it hopes that the uncertainty over its rival’s future will drive more influencers and users to its platform.

Triller is working with investment bank Farvahar Partners as it negotiates a potential deal with a so-called special purpose acquisition companies (SPAC), the sources said. A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company which then becomes publicly traded as a result.

Triller’s SPAC negotiations are happening alongside discussions with investors about a private fundraising round, led by investment bank UBS Group AG

, in which the Los Angeles-based company is seeking to raise around $250 million, the sources said.

Triller has so far secured around $100 million in that round at a $1.25 billion valuation, according to the sources. It is deliberating whether to proceed with the private fundraising or opt for the deal with a SPAC, one of the sources added.

The sources cautioned that no deal is certain and asked not to be identified because

Idaho TikTok Star Who Sent Fleetwood Mac Sales Soaring : NPR

Nathan Apodaca, whose TikTok video longboarding to Fleetwood Mac’s “Dreams” has catapulting him to viral fame. Here, he is standing in the pickup truck donated to him by Ocean Spray. In his video, Apodaca sips a bottle of Ocean Spray’s Cran-Raspberry juice.

Ocean Spray


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Ocean Spray

Nathan Apodaca, whose TikTok video longboarding to Fleetwood Mac’s “Dreams” has catapulting him to viral fame. Here, he is standing in the pickup truck donated to him by Ocean Spray. In his video, Apodaca sips a bottle of Ocean Spray’s Cran-Raspberry juice.

Ocean Spray

Nathan Apodaca’s truck had already logged some 320,000 miles. One morning last month, it couldn’t go a mile more. The truck broke down on a highway in Idaho Falls, about two miles from the potato warehouse where he has worked for nearly two decades.

Luckily, he had a skateboard in his truck, along with a bottle of Ocean Spray’s Cran-Raspberry juice.

“I was just sitting there and I’m like, ‘OK I’m not gonna sit here and wait for nobody to pull some jumper cables,” Apodaco told NPR. “I’m not gonna flag anyone down.’ So I grab my juice, grab my longboard, started heading to work.”

The story could have ended there. As many know by now, it didn’t.

As Apodaca rolled down the hill, he casually turned on his TikTok account @420doggface208 and created a video that would make a cultural sensation of his fairly prosaic, if resourceful, commute to work.

“When I heard ‘Dreams,’ that’s when I figured, OK, this is it,” said Apodaca, a 37-year-old father two. After the video took off, that 1977 hit single “Dreams” by Fleetwood Mac catapulted back on the charts, tripling in sales. The band also reported its best week ever on streaming.

This wasn’t Apodaca’s first TikTok video.