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1,500

TikTok’s legal baggage could be just as heavy as its user base.

The popular social media app is facing an estimated 1,500 pending lawsuits, with allegations ranging from fueling a youth mental health crisis to misusing user data for profit. Since unresolved lawsuits typically transfer in corporate takeovers, any buyer of TikTok’s operations would inherit the legal challenges. In the US, that includes a DOJ lawsuit filed against TikTok and its parent company, ByteDance, last year over alleged child privacy violations. 

Bloomberg Intelligence estimates total legal costs could stretch into the billions.

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Volkswagen is reportedly closing in on its own, separate tariff deal with the US

In a bid to get its own tariff rate below the 15% applied to most EU exports, Volkswagen is dangling big US investments.

Speaking at a trade show Monday, VW CEO Oliver Blume said the automaker is in advanced talks on a deal to limit its own tariff burden. Volkswagen reported a tariff cost of $1.5 billion in the first half of the year.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

Elon Musk at Donald Trump Rally At Madison Square Garden In NYC

The Tesla directors who just proposed giving Elon Musk a trillion dollars say it’s “critical” he stay out of politics

Even still, the company doesn’t appear to be putting up hard guardrails for Musk’s political ambitions.

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