""TikTok is owned by China's ByteDance, although a recent deal with the Trump administration will spin off its US arm into a joint venture majority owned by American investors. The venture will provide data and algorithm security, while ByteDance will retain control of the app's main business lines in the US, including ecommerce, advertising and marketing. European watchdogs have previously taken action against TikTok for breaking the bloc's digital rules.""
""The Commission's preliminary findings present a categorically false and entirely meritless depiction of our platform, and we will take whatever steps are necessary to challenge these findings through every means available to us." TikTok is owned by China's ByteDance, although a recent deal with the Trump administration will spin off its US arm into a joint venture majority owned by American investors."
The EU initiated action against TikTok over concerns about data handling and algorithmic practices. TikTok categorically rejected the Commission's preliminary findings and pledged to challenge them by every available means. TikTok is owned by China's ByteDance, though a recent deal will spin off its US arm into a joint venture majority owned by American investors to provide data and algorithm security; ByteDance will retain control of US ecommerce, advertising and marketing business lines. European regulators previously fined TikTok €530 million for sending users' data to China and probed its online advertising practices. Several countries are moving toward restricting social media access for under-16s.
Read at Ars Technica
Unable to calculate read time
Collection
[
|
...
]