In a significant development, the US Department of Justice (DOJ) is now investigating a complaint concerning the prominent social media platform TikTok. This development comes on the heels of another notable event, in which Apple’s Pay Later loan scheme has been discarded.

The initiative to refer the complaint about TikTok to the DOJ was recently announced. The nature or specifics of the complaint have not been made available. TikTok, being one of the leading social media platforms globally, has come under scrutiny on several occasions. This new investigation involving the DOJ signifies that major authorities in the US are paying added attention to platforms like TikTok and their operations.

On the other side of the tech world, Apple has made a significant move by abandoning its Pay Later loan scheme. Often dubbed as one of the pioneers in the technology sector, Apple’s decision to scrap its loan scheme serves as a retreat from the realm of finance. The Pay Later loan scheme had been launched as part of Apple’s efforts to enhance affordability of its products for consumers by offering them customizable loans. However, the technology giant has now decided to do away with the idea.

The DOJ's examination of the TikTok complaint and Apple's policy reversal on its loan scheme underscore the fluctuating dynamics within the technology sector. These two events underline how major authorities and corporate giants are engaging with new challenges and trends within the industry, potentially shaping the future of digital platforms and financial schemes in the tech world. The unfolding of these developments will certainly be keenly watched by stakeholders and consumers alike.