Sources: the US government and TikTok have reached a preliminary deal to resolve national security concerns without ByteDance selling it but some details remain (New York Times)

Salvador Rodriguez / Wall Street Journal:
ByteDance’s August report to staff says revenue grew 80% to $61.7B in 2021 but operating losses more than tripled to $7.15B as it spent heavily on growth  —  Social-media giant saw its operating losses more than triple last year to above $7 billion  —  TikTok, Instagram Reels or YouTube Shorts: Who Will Win the Short-Video Race?

Wall Street Journal:
Sources: talks between the US and TikTok over a national security agreement have accelerated ahead of the midterms as Republicans vow to hold hearings  —  Plan to secure user data is nearing conclusion, sources say, but hurdles remain and Republicans warn against concessions to video app’s Chinese owner

New York Times:
Former TikTok and ByteDance staff say TikTok CEO Shou Zi Chew’s power is limited, with ByteDance’s founder and other executives making most decisions  —  Shou Zi Chew, TikTok’s chief executive, is balancing how to be an autonomous leader while juggling the demands of the app’s Chinese parent company.

Washington Post:
A look at the US government’s handwringing over TikTok and national security concerns, as China’s government seeks to protect its powerful app and algorithms  —  The wildly popular app’s link to China has sparked fears over propaganda and privacy.  It’s also exposed America’s failure to safeguard the web.

Meghan Bobrowsky / Wall Street Journal:
COO Vanessa Pappas told senators that TikTok is working on a final deal with CFIUS that satisfies all US national security concerns, but didn’t give a timeline  —  Lawmakers express concern over potential Chinese influence of the popular short-video app  —  Investigation: How TikTok’s Algorithm Figures Out Your Deepest Desires

New York Times:
Under increasing pressure in the US, ByteDance and TikTok shift their strategy for dealing with officials by going on the offense and speaking out publicly  —  Keeping its head down has not paid off for the company, which now faces regulatory pressure on many fronts.  So it is starting to speak out.