TikTok at risk of US ban, Tesla sees profit decline, and healthcare data breaches reported

President Joe Biden’s recent signing of a bill has put TikTok’s future in the U.S. in jeopardy. The bill includes a deadline for ByteDance, TikTok’s parent company, to divest itself of the popular social media platform within nine months or face a ban on distributing it in the country. This move has raised concerns among TikTok users and stakeholders about the potential impact on the platform’s availability and functionality.

In other news, the fallout from the Change Healthcare hack continues to unfold. The subsidiary of health insurance giant UnitedHealth confirmed that a ransomware attack earlier this year resulted in a significant theft of Americans’ private health information. This breach has raised serious concerns about data security and privacy in the healthcare industry.

On the business front, Tesla reported a 55% drop in profits as it faces increased competition from hybrid carmakers. The electric vehicle company’s growth strategy revolves around the launch of cheaper EVs next year and the potential introduction of a robotaxi service. However, a recent recall of the Cybertruck for faulty accelerator pedals has added to the company’s challenges.

In tech industry developments, Amazon has launched a new unlimited grocery delivery subscription in the U.S., offering free deliveries for grocery orders over $35 across Amazon Fresh, Whole Foods Market, and other local retailers. Meanwhile, Fisker announced plans for additional layoffs as it seeks to raise funds to sustain its operations. Stripe also made a significant announcement at its Sessions conference in San Francisco, revealing plans to separate payments from its financial services stack.

Overall, the tech industry is experiencing a whirlwind of events and developments that are shaping the future of various companies and platforms. Stay tuned for more updates on these evolving stories.