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The Latest Breaking News on ByteDance

FBI director raises national security concerns about TikTok

FBI Director Chris Wray is raising national security concerns about TikTok

The Independent UK

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

Even as U.S. lawmakers target TikTok, the social media app is morphing into a global giant with tentacles that reach far into the turf of 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

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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

Dailyhunt parent sacks 150; to cut salaries for staff earning over ₹10 lakh per annum

The layoffs come a few months after the company raised $805 million at a valuation of around $5 billion

Livemint

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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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 Conversation

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.

The Street

Interview: FCC commissioner says government should ban TikTok

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

Axios

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...

Reason

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 Guardian - UK

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 Street

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 Guardian - US

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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

Bloomberg

TikTok Deal Likely to Leave US Data Leaking to China

TikTok users would still risk having personal data exposed to hacking and espionage by China even if the Biden administration forges a security agreement designed to spare the video platform from a total US ban.

Livemint

What's a supercomputer? How the U.S. will decide who to punish with China tech

Supercomputers can be used in developing nuclear weapons and other military technologies, and experts say how to define them has long bedeviled regulators trying to pin down an ever-advancing technological target

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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…

AFP

The censor cannot hold: the pressure of controlling China's internet

San José (United States) (AFP) - As a teenager in rural China, Zeng Jiajun used his internet know-how to watch a banned documentary on the bloody military crackdown in Tiananmen Square.

The Guardian - UK

TikTok reports $1bn turnover across international markets

Chinese-owned platform popular among teens and young adults saw its turnover rise by 477% last year

Reuters

Russia fines TikTok for 'LGBT propaganda', Twitch over Ukraine content

Russia on Tuesday fined TikTok for failing to delete content that violates Russian laws on 'LGBT propaganda' and streaming service Twitch for hosting a video interview with a Ukrainian political figure that Moscow said contained 'fake' information.

The New York Times

Dating Apps Thrive in China, but Not Just for Romance

When Qu Tongzhou, a photography assistant in Shanghai, set out on a long-awaited trip to western China in June, she found the cities she visited to be unwelcoming. As an aftereffect of the country’s “zero-COVID” policies, locals were leery of travelers, and some hotels refused Qu, fearing she could introduce…

Evening Standard

TikTok drawing up plans to deal with Chinese security concerns to avoid a sale

The US government had asked TikTok’s Chinese parent company to sell it over concerns Chinese authorities were able to access user information

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