A US-Only TikTok? What We Know So Far About the Potential Replacement App
The new app, codenamed "M2," could launch on Sept. 5. If you're in the US, you would then be required to switch from the existing app to the new one, the report said, citing anonymous sources. US President Donald Trump recently extended a deadline for the owner to sell its US-based TikTok assets by Sept. 17.
In July, Trump said he found a buyer for the company, which he called a group of "very, very wealthy people."
The administration has continued to extend deadlines for TikTok to remain operational since January when it was shut down for less than 24 hours. The company reportedly has 170 million users in the US.
A representative for TikTok did not respond to a request for comment.
According to The Information, the reason for the new app version is also due to an Apple App Store restriction that does not allow multiple versions of an app for different regions to appear in the same listing.
What a US TikTok app would mean for you
If the report is accurate, it would mean that at the very least, anybody who uses the TikTok mobile app would eventually be required to migrate to a new US-centric version.
But there's likely to be a lengthy grace period, according to The Information's sources: the old app may not disappear completely until March 2026, giving you six months to make the transition.
Still, it could be disruptive for those whose business or brand relies on the platform. "Anytime there is a migration or a major feature revamp on any network, it certainly creates work and worry," said Jennie Smythe, an author and founder and CEO of Girlilla Marketing, which has worked with clients including Willie Nelson, Terry Crews and Iliza Shlesinger.
"There are concerns that audiences will also make the move and if the migration will be worth the effort," Smythe told CNET in an email. "The bigger concern besides the migration are the features and data that will be available to us in the creator economy as well as the audience restrictions (i.e. is our content/audience also restricted to US only?)."
It's unclear if the new app would include any other major changes or improvements over the existing app or if it would restrict or filter viewing content from other regions in ways that differ from the current version.
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Exxon beats profit estimates with higher production despite weak oil prices Shares in Exxon Mobil (XOM) rose more than 1% before the bell on Friday after the company beat Wall Street estimate for second-quarter profit as higher oil and gas production helped the top US oil producer overcome lower crude prices. Reuters reports: Read more here. Shares in Exxon Mobil (XOM) rose more than 1% before the bell on Friday after the company beat Wall Street estimate for second-quarter profit as higher oil and gas production helped the top US oil producer overcome lower crude prices. Reuters reports: Read more here. Amazon tosses a bone to the Fed chair Fed Chair Jerome Powell should read the Amazon (AMZN) earnings call transcript. Interesting call out by Amazon CEO Andy Jassy: I don't necessarily agree here, as many CEOs have told me they are hiking prices because of tariffs. But it's a good talking point from Jassy nonetheless. Fed Chair Jerome Powell should read the Amazon (AMZN) earnings call transcript. Interesting call out by Amazon CEO Andy Jassy: I don't necessarily agree here, as many CEOs have told me they are hiking prices because of tariffs. But it's a good talking point from Jassy nonetheless. How to think about Apple's quarter... We knew the tariff hit was coming on Apple (AAPL). It came, and it was ugly. The earnings call wasn't that eventful, mostly Tim Cook trying to soothe concerns that Apple will be a player in AI. I did like Apple was another tech player calling out an acceleration in their cloud business (similar to Microsoft (MSFT) and Alphabet (GOOGL). Overall, I like how the Evercore ISI summed things up this evening: "Apple delivered a better than expected quarter and the services growth and commentary around limited impact from the Epic ruling will chip away at part of the services bear case. Stock likely remains relatively range bound as we await the more impactful ruling on the Google revenue sharing deal." We knew the tariff hit was coming on Apple (AAPL). It came, and it was ugly. The earnings call wasn't that eventful, mostly Tim Cook trying to soothe concerns that Apple will be a player in AI. I did like Apple was another tech player calling out an acceleration in their cloud business (similar to Microsoft (MSFT) and Alphabet (GOOGL). Overall, I like how the Evercore ISI summed things up this evening: "Apple delivered a better than expected quarter and the services growth and commentary around limited impact from the Epic ruling will chip away at part of the services bear case. Stock likely remains relatively range bound as we await the more impactful ruling on the Google revenue sharing deal." Apple 'significantly growing' AI investments, sees $1.1 billion tariff hit in current quarter Apple (AAPL) executives offered some color on the iPhone maker's quarterly results Thursday and the outlook ahead amid tariffs and the impact of Google's antitrust lawsuit: Listen to the earnings call live here. Apple (AAPL) executives offered some color on the iPhone maker's quarterly results Thursday and the outlook ahead amid tariffs and the impact of Google's antitrust lawsuit: Listen to the earnings call live here. First Solar raises annual sales outlook, expects higher prices due to tariffs Reuters reports: Read more here. Reuters reports: Read more here. Strategy results show company buoyed by bitcoin in Q2 Strategy (MSTR) stock rose less than 1% after the company soared past estimates, lifted by a Q2 rally in bitcoin (BTC-USD). For the second quarter, the Michael Saylor-led firm reported cash and cash equivalents of $50.1 million, below Bloomberg consensus estimates for $1.11 billion. Diluted earnings per share were $32.60, versus estimates for a $0.03 per share loss, per S&P Global Market Intelligence. Revenue came in at $114 million. For the full year, Strategy expects operating income of $34 billion, net income of $24 billion, and diluted earnings per share of $80. As the largest corporate holder of bitcoin, crypto investors looked to the software maker's results as a bellwether for the crypto market. As of June 30, the company held approximately 597,325 bitcoins and achieved a year-to-date bitcoin yield of 25%. "Strategy has achieved a year-to-date BTC Yield of 25%, meeting our full year target well ahead of our initial timeline," the company said. "As a result, our BTC $ Gain now exceeds $13 billion, and the increase in the price of bitcoin in the second quarter drove second quarter operating income of $14 billion and Q2 diluted EPS of $32.60." Strategy (MSTR) stock rose less than 1% after the company soared past estimates, lifted by a Q2 rally in bitcoin (BTC-USD). For the second quarter, the Michael Saylor-led firm reported cash and cash equivalents of $50.1 million, below Bloomberg consensus estimates for $1.11 billion. Diluted earnings per share were $32.60, versus estimates for a $0.03 per share loss, per S&P Global Market Intelligence. Revenue came in at $114 million. For the full year, Strategy expects operating income of $34 billion, net income of $24 billion, and diluted earnings per share of $80. As the largest corporate holder of bitcoin, crypto investors looked to the software maker's results as a bellwether for the crypto market. As of June 30, the company held approximately 597,325 bitcoins and achieved a year-to-date bitcoin yield of 25%. "Strategy has achieved a year-to-date BTC Yield of 25%, meeting our full year target well ahead of our initial timeline," the company said. "As a result, our BTC $ Gain now exceeds $13 billion, and the increase in the price of bitcoin in the second quarter drove second quarter operating income of $14 billion and Q2 diluted EPS of $32.60." Apple reports earnings, revenue ahead of forecasts Apple reported results Thursday that beat forecasts on the top and bottom lines as the iPhone maker boasted about double-digit revenue growth across its iPhone, Mac, and Services businesses, as well as growth in all of its geographic segments. Earnings per share came in at $1.57, ahead of the $1.43 Wall Street had expected, while revenue tallied $94 billion, up 10% from last year and ahead of forecasts for $89.2 billion. Its Services revenue totaled $27.4 billion, a new record, and comprised nearly 30% of its total revenues in the quarter. Apple stock was up about 2% following the results. Apple reported results Thursday that beat forecasts on the top and bottom lines as the iPhone maker boasted about double-digit revenue growth across its iPhone, Mac, and Services businesses, as well as growth in all of its geographic segments. Earnings per share came in at $1.57, ahead of the $1.43 Wall Street had expected, while revenue tallied $94 billion, up 10% from last year and ahead of forecasts for $89.2 billion. Its Services revenue totaled $27.4 billion, a new record, and comprised nearly 30% of its total revenues in the quarter. Apple stock was up about 2% following the results. Roku reports surprise profit in Q2, revenue beats expectations Roku's (ROKU) second quarter results got a boost from an expanding user base and advertising sales, the company reported Thursday. The company reported profits of $0.07 per share, above the $0.17 per share loss analysts expected. Revenue came in at $1.11 billion for the quarter, compared to the analysts' average estimate of $1.07 billion, according to data compiled by LSEG. Reuters reports: Read more here. Roku's (ROKU) second quarter results got a boost from an expanding user base and advertising sales, the company reported Thursday. The company reported profits of $0.07 per share, above the $0.17 per share loss analysts expected. Revenue came in at $1.11 billion for the quarter, compared to the analysts' average estimate of $1.07 billion, according to data compiled by LSEG. Reuters reports: Read more here. Coinbase stock falls 7% after results disappoint Crypto giant Coinbase (COIN), a recent addition to the S&P 500, saw shares fall more than 7% in after-hours trading on Thursday after the company posted second quarter results that came in below Wall Street forecasts. Coinbase reported second quarter revenue of $1.5 billion, below the $1.59 billion analysts had forecast, while trading volume and transactions revenue both fell shy of expectations. Subscriptions and services revenue in the second quarter totaled $656 million. Adjusted EBITDA in the second quarter totaled $514 million, down from $596 million a year ago. In the third quarter, the company expects subscriptions and services revenue to fall within a range of $665 million-$745 million. Since the April 9 bottom in the stock market, Coinbase shares have roughly doubled; ahead of Thursday's results, the stock was up more than 50% this year. Crypto giant Coinbase (COIN), a recent addition to the S&P 500, saw shares fall more than 7% in after-hours trading on Thursday after the company posted second quarter results that came in below Wall Street forecasts. Coinbase reported second quarter revenue of $1.5 billion, below the $1.59 billion analysts had forecast, while trading volume and transactions revenue both fell shy of expectations. Subscriptions and services revenue in the second quarter totaled $656 million. Adjusted EBITDA in the second quarter totaled $514 million, down from $596 million a year ago. In the third quarter, the company expects subscriptions and services revenue to fall within a range of $665 million-$745 million. Since the April 9 bottom in the stock market, Coinbase shares have roughly doubled; ahead of Thursday's results, the stock was up more than 50% this year. Reddit stock soars as company posts fastest quarterly revenue growth in 3 years Reddit (RDDT) stock jumped as much as 13% after hours after the social media company reported its fastest revenue growth in three years. Profits reached $0.48 per share in the second quarter, above the $0.19 per share projected by Wall Street analysts. Revenue grew 78% to $500 million, higher than the $425 million expected. Yahoo Finance's Laura Bratton reports: Read more here. Reddit (RDDT) stock jumped as much as 13% after hours after the social media company reported its fastest revenue growth in three years. Profits reached $0.48 per share in the second quarter, above the $0.19 per share projected by Wall Street analysts. Revenue grew 78% to $500 million, higher than the $425 million expected. Yahoo Finance's Laura Bratton reports: Read more here. Amazon posts earnings beat but stock slips Amazon (AMZN) profits and sales beat estimates for the second quarter, the company reported: AWS revenue rose 17% to hit $30.8 billion versus an expected $30.7 billion. It topped $26.2 billion in Q2 last year. The company's report follows Google's (GOOG, GOOGL) and Microsoft's (MSFT) own blowout announcements, highlighting growth across their respective cloud businesses on the back of increased customer spending on AI. Rival Microsoft reported that its Azure business generated $75 billion in fiscal 2025. Amazon widened its guidance for operating income on the lower end. For the third quarter, Amazon expects the operating income to come in between $15.5 billion and $20 billion, potentially indicating a headwind from tariffs. The initial reaction on the Street was downbeat, with Amazon stock slipping 2% after hours. Read more here. Amazon (AMZN) profits and sales beat estimates for the second quarter, the company reported: AWS revenue rose 17% to hit $30.8 billion versus an expected $30.7 billion. It topped $26.2 billion in Q2 last year. The company's report follows Google's (GOOG, GOOGL) and Microsoft's (MSFT) own blowout announcements, highlighting growth across their respective cloud businesses on the back of increased customer spending on AI. Rival Microsoft reported that its Azure business generated $75 billion in fiscal 2025. Amazon widened its guidance for operating income on the lower end. For the third quarter, Amazon expects the operating income to come in between $15.5 billion and $20 billion, potentially indicating a headwind from tariffs. The initial reaction on the Street was downbeat, with Amazon stock slipping 2% after hours. Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Eater
24 minutes ago
- Eater
Why San Francisco's Go-To Spot for Matcha Is A Bookstore by the Beach
It's Monday at one p.m. and the bookstore near Ocean Beach is booming with customers. There are elderly folk working through black coffee in the 'analog space,' a four-top table by the window. But it's the menu at the bookstore's cafe that gets all the attention. Local hitmakers Loquat, Little Bee Bakery, Dynamo Donut, and Florecita Panaderia all grace the pastry case. It's Rocky's Matcha — the only place in the city to serve the SoCal-made green tea purveyor — that earned the business a huge fanbase, though. The contrast from summer 2025 to 2022 when Blackbird moved to Irving Street is stark. Each weekend, there are long lines heading up Irving Street. More and more, a miasma of people swamp between Hook Fish Co. and Blackbird, bumping across the road. It's almost a testament to how popular this stretch of the neighborhood is these days. There's a yoga studio full of people, also in the middle of Garfield's least favorite seventh of the week. Another tipping point: the official christening of the Great Highway as Sunset Dunes in April 2025. Owner Kathryn Graham is thoughtful and slow-going in her speaking. She says the first thing that let her know her cafe was getting traction was the olive oil spelt cake. The subtle pastry blew up on TikTok. Her friends and staff let her know. Then, the matcha hive showed up. Rocky's has more than 20,000 followers on TikTok, ground zero for the finely milled green tea powder's upsurge in attention. Blackbird's cafe manager had a run-in with the Rocky's team. That fateful encounter led to Blackbird as the sole outpost for Rocky's tea. Repeat customers now come every week for the tough-to-find Los Angeles matcha. Some trek from Potrero Hill and Bayshore to get a taste of that ceremonial grade good good. 'Rocky just connected with us on this vibe level,' Graham says. 'And we thought his matcha was so amazing. We did not realize he had this massive TikTok following and that those people would find us.' Lauren Hanussak The explosion in this Sunset shop's popularity overlaps with matcha's second great global renaissance in the 21st century. In San Francisco, that looks a lot like SoMa specialty cafe Telescope Coffee launching its own tinned ceremonial matcha. It looks a lot like Cafe Shoji's matcha einspänners spawning 40-minute waits. Unfortunately, it also looks like a global shortage is driving prices up for local players, including Le Dix-Sept. Per a report from Mizuba Tea, an importer with 12 years of buying from Japan, this shortage is a 'historic moment' that has seen the country go from a two percent slice of total tea export to a boom crop, causing field turnover as everyone scrambles to keep up. Lauren Hanussak Graham, with none of that on her radar, opened the original Blackbird on Judah Street in 2017, sans cafe attachment. She used to live in New York, where she worked with a group of activists to open the bookstore Blue Stockings. After the first election of Donald Trump, she wanted to work on a project like that again, a place for her two young kids and the Outer Sunset broadly. Three Fish Studio left its Irving Street location in 2022, and they reached out to Graham when they decamped. It was twice the size of her shop, and boasted a massive backyard space. It was during that jump that she linked with the team at Four Barrel. There was no Day Moon bakery and cafe at that point, and Trouble Coffee's future was up in the air. She decided to turn part of her new shop into a cafe. In short order, people were coming and spending their whole days hanging out at Blackbird. There is a popular events arm in the space, too, harkening back to those Blue Stockings days. Open mic nights with more than 50 people, pop-ups including Malaysian pastry pop-up Batik and Baker, and children's reading hours are on almost every day. Now with the advent of Sunset Dunes, this airy space full of books and caffeine gets more and more popular all the time. 'I create space, and people fill it,' Graham says. 'What makes it work here is very little to do with me.' Lauren Hanussak Eater SF All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
