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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....
...A TikTok spokesperson said: “We strictly adhere to the requirements of US tax laws....
...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....
...The new TikTok bill gives ByteDance 270 days to divest the app, bringing the deadline past the US election in November....
...Few appreciate that TikTok is not available in China....
...TikTok is thus partly a tale about the investment cost of geopolitical risk....
...Universal wants TikTok’s royalty money to go towards musicians, while TikTok wants the pot to also be shared with fans who use AI to make their own tracks....
...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....
...There is at least a plausible case that a Chinese-owned TikTok poses a threat to US security....
...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?”...
...Why can’t TikTok boss? / From WS Peng, Hong Kong...
...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”....
...Case in point: TikTok....
...Meanwhile, other parties have expressed interest in acquiring TikTok from ByteDance....
...Is TikTok really a national security risk?...
...TikTok denies the Chinese Communist party has any influence on the app through ByteDance....
...The bill would ban app stores from distributing TikTok unless ByteDance divests the app within 180 days after passage....
...Last year, Instagram overtook TikTok as the most downloaded app in the world....
...But the popularity of short-video app TikTok changed everything....
...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....
...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....
...Despite growing uncertainty about TikTok’s future in the US, ByteDance’s valuation has soared from $100bn in 2020 to $268bn in December 2023....
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