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The Latest Breaking News from ByteDance

Top Tory raises alarm on young people reading the news on TikTok

Security minister Tom Tugendhat warned that 'foreign interference has been slowly creeping into British democracy' as he raised concerns over Chinese-owned TikTok

Daily Mirror

Security minister raises concerns over TikTok as news source

Tom Tugendhat said ‘challenges’ could be created if Beijing declares the platform’s algorithms a national security asset.

The Independent UK

TikTok’s Problem Child Has 7 Million Followers and One Proud Mom

Young creators like Jenny Popach are posting suggestively sexual content, sometimes with parental approval, leaving moderators and executives unsure what to do.

Businessweek

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TikTok ‘has not and would not’ share UK user data with the Chinese government

The social media giant’s director of government relations outlined its stance in a letter to a parliamentary committee.

The Independent UK

Maryland is the latest state to ban TikTok in government agencies

Maryland is banning the use of TikTok and certain China and Russia-based platforms in its executive branch. It's the latest state to address cybersecurity risks presented by the platforms.

WEKU

GOP-backed TikTok ban unable to hitch ride on NDAA

WASHINGTON — Republicans who want to ban TikTok, the social media app owned by Chinese technology company ByteDance, from federal electronic devices may have missed their chance this Congress.

Tribune News Service

FBI director raises national security concerns about TikTok

FBI Director Chris Wray is raising national security concerns about TikTok

The Independent UK

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Despite Talk Of U.S. Ban, TikTok Keeps Rolling Over FANG Stocks Like Google, Meta

Even as U.S. lawmakers target TikTok, the social media app is morphing into a global giant, taking on Google, Facebook, Snap and others.

Investors Business Daily

TikTok’s ‘blackout’ challenge linked to deaths of 20 children in 18 months, report says

Report suggests 15 victims of the challenge were aged 12 or younger

The Independent UK

South Dakota governor bans TikTok from state agencies over ‘intelligence gathering’ concerns

TikTok is owned by ByteDance, a Beijing-based privated tech giant

The Independent UK

The FBI alleges TikTok poses national security concerns

The FBI is concerned that the Chinese government could use TikTok to influence American users or control their devices. The company is working with the U.S. government towards a security agreement.

WEKU

TikTok Signals Companies Are Hurting

Lower ad spending impacts social network companies such as TikTok, owned by Chinese giant ByteDance.

The Street

TikTok’s ties to China: why concerns over your data are here to stay

Harvesting data is the norm for social media apps, but the question that many have is where it goes and who has access to it

The Guardian - US

China's super-rich see fortunes plunge as economy slows

China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday.

Reuters

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The Conversation

Why Meta's share price collapse is good news for the future of social media

Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around $80 billion (£69 billion) in just one day at the end of October, after its…

The Street

U.S. Government Official Calls for Banning China's TikTok

The site has been controversial for years and pressure has stepped up to ban the popular social media site.

Axios

Interview: FCC commissioner says government should ban TikTok

It's the strongest language Carr has used to-date to urge action on TikTok.

Reason

Musk Says He Bought Twitter 'To Help Humanity,' Pledges Not To Let It Become a 'Free-for-All Hellscape'

Plus: Charlottesville cracks down on city employee speech, judge dismisses "blackout challenge" lawsuit against TikTok, and more...

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The Guardian - UK

TechScape: Twitch and the dark side of the streaming dream

After streamer complaints of a toxic community culture, slashes in earnings and an unsustainable work model, what next for the Amazon-owned site?

The Street

Alleged Chinese Spies Might Have Been Better Off Using Dollars

Chinese spies thought they had recruited an ally, and then found out he was working both sides.

The Guardian - US

From dance videos to global sensation: what you need to know about TikTok’s rise

The app has grown at breakneck speed from a simple lip sync platform to surpassing the internet behemoths in downloads

The Street

TikTok Disputes Report That It Was Used to Monitor Americans

Long-suspected nefarious activity regarding user data in the United States, another TikTok controversy erupts.

The Guardian - UK

TikTok denies report data used to track or ‘target’ US citizens

Chinese-based team at parent company ByteDance alleged by Forbes to have planned to collect location information

Benzinga

Facebook's Chinese Rival Internally Shares Its Financial Reports; Losses Mount In Its Bid For Growth

TikTok parent ByteDance Ltd saw its operating losses more than triple last year to above $7 billion as it spent heavily to continue its torrid growth, the Wall Street Journal reports citing financial info shared with employees. ByteDance also produced an operating profit in the first quarter of 2022, the report showed. ByteDance has closely…

The Street

Stocks Higher, Musk and Twitter, Credit Suisse, Tik Tok and OPEC Response - Five Things To Know

Stock futures are higher ahead of the release of key September jobs data; Musk gets a slightly more time from a judge to close a deal with Twitter; Credit Suisse buys back $3 billion of its stock, Tik Tok operating losses more than triple, and the U.S. weighs a response…

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