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...TikTok’s active users reached 1.12bn, with a decline of 12mn in the final three months of last year. However, TikTok continues to gain better engagement from its more than 1bn active users worldwide....
...TikTok chief Shou Zi Chew also told the app’s users that, if passed, the legislation “will lead to a ban of TikTok in the United States”....
...Universal wants TikTok’s royalty money to go towards musicians, while TikTok wants the “royalty pot” to also be shared with fans who use AI to make their own tracks....
...ByteDance had more than 3bn monthly active users across its various platforms, including Douyin and TikTok, 2bn of whom logged on to the apps daily during the second quarter....
...TikTok is thus partly a tale about the investment cost of geopolitical risk....
...TikTok is the star of social media. Upstart networks such as Donald Trump’s Truth Social and Meta’s Threads might reach thousands or millions of users, but TikTok’s audience exceeds a billion....
...TikTok said: “These security concerns are misplaced — TikTok is not available in China and ByteDance is a global company that is not controlled by any government.”...
...“Do we want TikTok as a platform to be owned by an American company or owned by China? Do we want the data from TikTok, children’s data, adults’ data . . . staying here in America or going to China?”...
...There is at least a plausible case that a Chinese-owned TikTok poses a threat to US security....
...As the parent of a teenager, any harm to TikTok is a cause for celebration. In the memorable phrase of the former vice-president, Mike Pence, TikTok is “digital fentanyl”....
...Why can’t TikTok boss? / From WS Peng, Hong Kong...
...The bill would ban app stores from distributing TikTok unless ByteDance divests the app within 180 days after passage....
...Meanwhile, other parties have expressed interest in acquiring TikTok from ByteDance....
...Last year, Instagram overtook TikTok as the most downloaded app in the world....
...TikTok denies the Chinese Communist party has any influence on the app through ByteDance....
...Is TikTok really a national security risk?...
...But the popularity of short-video app TikTok changed everything....
...TikTok critics have long argued that ByteDance would share data on US users with the Chinese government or pressure TikTok to promote Beijing’s views....
...TikTok said: “This bill is an outright ban of TikTok, no matter how much the authors try to disguise it....
...TikTok could not immediately be reached for comment. The lawsuit comes as TikTok has faced scrutiny over whether its working culture is hostile to women and minorities....
...Revenue from TikTok makes up just 1 per cent of Universal’s revenue, it added. Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...The imbalance around Kashmir, say, might have arisen because India has banned TikTok, but not Instagram....
...Discussions in Washington centre on whether TikTok’s ownership makes it a threat to national security....
...A TikTok spokesperson said that conspiracy theories “are not eligible to earn money” and that harmful misinformation was prohibited on the app....
...This has helped Indonesia to become TikTok’s largest market outside the US, with 125mn users. TikTok is driving global trends in ecommerce....
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