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The Latest Breaking News from ByteDance

A TikTok Music app could be Spotify's toughest competition yet

A U.S. patent filing suggests ByteDance is interested in creating TikTok Music, a music streaming app to rival the likes of Spotify and Apple Music.

Input

TikTok refused to host disguised account for Chinese government

Senior figures at social video app pushed back on request deemed ‘sensitive’, according to report

The Guardian - UK

Chinese government asked TikTok for stealth propaganda account

BEIJING: A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences with propaganda, according to internal messages seen by Bloomberg.

The Times of India

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Can Pico's new VR headsets compete with Meta's Quest 2?

Pico, owned by TikTok's parent company, ByteDance, looks like it might try to challenge Meta’s Quest 2 and Quest Pro VR headsets in the U.S.

Input

TikTok owner spends record $2.14 million on US lobbying

WASHINGTON: ByteDance Inc, the Chinese parent company of social media video streaming sensation TikTok, spent a record $2.14 million on lobbying during the second quarter as it sought to fend off escalating congressional attacks over its privacy and security practices.

The Times of India

What do TikTok, Bunnings, eBay and Netflix have in common? They’re all hyper-collectors

You walk into a shopping centre to buy some groceries. Without your knowledge, an electronic scan of your face is taken by in-store surveillance cameras and stored in an online database. Each time you return to that store, your “faceprint” is compared with those of people wanted for shoplifting or…

The Conversation

Even if TikTok and other apps are collecting your data, what are the actual consequences?

By now, most of us are aware social media companies collect vast amounts of our information. By doing this, they can target us with ads and monetise our attention. The latest chapter in the data-privacy debate concerns one of the world’s most popular apps among young people – TikTok.

The Conversation

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Benzinga Before The Bell: Musk's Twitter Lawsuit, Uber Penalized For Overcharging People With Disabilities, Johnson & Johnson Cuts Outlook And Other Top Financial Stories Tuesday, July 19

CNBC Amazon Courts More Trouble As Regulators Inspect Its Warehouses

Benzinga

TikTok has been accused of ‘aggressive’ data harvesting. Is your information at risk?

Users of the video app have been warned about its data practices and links to China. Can you keep your details safe?

The Guardian - AU

Concerns over TikTok feeding user data to Beijing are back – and there's good evidence to support them

When English statesman Sir Francis Bacon famously said “knowledge is power”, he could hardly have foreseen the rise of ubiquitous social media some 500 years later.

The Conversation

Benzinga Before The Bell: Record Inflows In 'Short Bitcoin' Funds, Elon Musk's Trillionaire Possibility, Gmail's Political Bias And Other Top Financial Stories Tuesday, July 5

Reuters

Benzinga

TikTok Says China-Based Employees Can Access US User Data

TikTok, which is owned by China's ByteDance, has confirmed that China-based employees can access U.S. user data under certain circumstances.

Benzinga

TikTok Tells US Senators Data Not Shared with Chinese Communist Party

TikTok sought to reassure US senators this week that it is taking all necessary steps to limit access to users' data from outside the United States, including by employees of its parent company, the Chinese group ByteDance. The social media company responded by letter Thursday to questions from nine Republican…

Asharq Al-Awsat

TikTok says it's putting new limits on Chinese workers' access to U.S. user data

TikTok addressed Republican senators who have raised concerns that the Chinese-owned app could be sharing Americans' data with the Chinese government. TikTok says this is not happening.

WEKU

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The Guardian - US

TikTok on defense after report on foreign access of US user data

Republican lawmakers were concerned after a BuzzFeed report showed that non-public US user data was accessed abroad

Benzinga

Khaby Lame, Now The Most Popular TikTok Star, Named Brand Ambassador Of This Crypto Company

A former factory worker is now the most followed person on ByteDance-owned social media platform TikTok. After crossing that milestone, Khaby Lame has landed a deal with cryptocurrency platform Binance.

Benzinga

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Input

FCC demands TikTok be pulled while domestic data threats persist

Commissioner Brendan Carr wrote a letter to Apple and Google claiming TikTok is an 'unacceptable national security risk.'

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Benzinga

Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

Input

Looks like TikTok was sending U.S. user data to China after all

Leaked calls obtained by 'Buzzfeed News' reveal that engineers in China had access to U.S. data. Now, TikTok claims that all of its data is going to U.S. servers in Texas.

The Times of India

Chinese staff can access TikTok’s US data: Report

India’s decision to ban the Chinese short-form video app TikTok on security concerns, and former US President Donald Trump’s threats to do so might have been well-founded.

Asharq Al-Awsat

TikTok Says Oracle to Keep US User Data Safe

TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability…

Benzinga

Living in TikTok's Shadow, Kuaishou Bleeds Red Ink and Cash

Key Takeaways: Kuaishou’s adjusted net loss narrowed in the first quarter, but its ad revenue came under pressure during China’s latest Covid containment measures

Benzinga

Your Gaming Options Are Set To Explode — Thanks To TikTok

ByteDance-owned TikTok is testing games on its short-form video platform through a tie-up with Zynga Inc (NASDAQ: ZNGA) as it plans to foray into new waters, Reuters

Bangkok Post

TikTok Is Eating Up Rivals. Can It Keep Users Hooked?

If the sun is setting on Facebook, then TikTok is dancing in the moonlight. How long can its short-form video hold consumers' fickle attention?

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