By Samantha Murphy Kelly, CNN Business On the eve of a high-profile TikTok hearing this week, the company shared that it now has more than 150 million US monthly active users. But after the heated, hours-long hearing, filled with lawmakers telling TikTok’s CEO the app should be banned, some may now be wondering where all
Continue ReadingBy Brian Fung, CNN The US government is tracking a growing number of foreign-linked business transactions that pose potential data risks to national security similar to those raised by TikTok, Treasury Secretary Janet Yellen told lawmakers Thursday. At a House Appropriations Committee hearing, Yellen said regulators charged with screening foreign investment deals for national security
Continue ReadingBy Chris Isidore, CNN Twitter’s free blue “verified” checkmarks for notable users may finally be coming to an end. Ever since Elon Musk took control of the company in October, he’s been threatening to remove the “legacy” checkmarks that confirmed the identities of users like government officials, corporations, journalists, celebrities and other high-profile tweeters. Now
Continue ReadingBy Jessie Yeung and Selina Wang, CNN TikTok is fighting to stay alive in the United States as pressure builds in Washington to ban the app if its Chinese owners don’t sell the company. But the wildly popular platform, developed with homegrown Chinese technology, isn’t accessible in China. In fact, it’s never existed there. Instead,
Continue ReadingBy Brian Fung, CNN After TikTok CEO Shou Chew testified for more than five hours on Thursday before a Congressional committee, one thing was clear: US lawmakers remain convinced that TikTok is an urgent threat to national security. The hearing, Chew’s first appearance before Congress, kicked off with a lawmaker calling for TikTok to be
Continue ReadingCNN By Brian Fung, CNN After TikTok CEO Shou Chew testified for more than five hours on Thursday before a Congressional committee, one thing was clear: US lawmakers remain convinced that TikTok is an urgent threat to national security. The hearing, Chew’s first appearance before Congress, kicked off with a lawmaker calling for TikTok to
Continue ReadingBy Laura He, CNN China said it would “firmly oppose” any forced sale of TikTok, in its first direct response to demands by the Biden administration that the app’s Chinese owners sell their share of the company or face a ban in its most important market. The comments came as TikTok CEO Shou Chew testified
Continue ReadingCNN By Laura He, CNN China said it would “firmly oppose” any forced sale of TikTok, in its first direct response to demands by the Biden administration that the app’s Chinese owners sell their share of the company or face a ban in its most important market. The comments came as TikTok CEO Shou Chew
Continue ReadingBy Yoonjung Seo, AnneClaire Stapleton and Josh Pennington, CNN Interpol says a man arrested in Montenegro is Kwon Do-hyeong, also known as Do Kwon, the disgraced founder of a collapsed crypto company who is wanted in South Korea and the United States on fraud and other charges. Kwon, a South Korean national, founded the blockchain
Continue ReadingBy Samantha Murphy Kelly, CNN The governor of Utah signed a controversial bill on Thursday that will require minors to obtain the consent of a guardian before joining social media platforms, marking the most aggressive step yet by state or federal lawmakers to protect kids online. As part of the bill, called the Utah Social
Continue ReadingBy Catherine Thorbecke, CNN In his first appearance before Congress on Thursday, TikTok CEO Shou Chew was grilled by lawmakers who expressed deep skepticism about his company’s attempts to protect US user data and ease concerns about its ties to China. It was a rare chance for the public to hear from the Chew, who
Continue ReadingCNN, POOL, TIKTOK, BYTEDANCE.COM, @JENNIIYYYYY, @CRAZYHUMANOMG By Catherine Thorbecke, CNN In his first appearance before Congress on Thursday, TikTok CEO Shou Chew was grilled by lawmakers who expressed deep skepticism about his company’s attempts to protect US user data and ease concerns about its ties to China. It was a rare chance for the public
Continue ReadingBy Brian Fung and Nathaniel Meyersohn, CNN New rules from the US government could soon let Americans more easily cancel free trials and subscriptions they no longer want, according to the Federal Trade Commission. The proposed rule change announced Thursday would apply to vast swaths of the US economy, covering both digital and physical subscriptions.
Continue ReadingCNN By Juliana Liu China has approved its first Covid-19 vaccine based on mRNA technology, months after the country lifted strict pandemic measures. The vaccine was developed by CSPC Pharmaceutical Group, a homegrown firm based in the northern Chinese city of Shijiazhuang, it said in a Wednesday statement to the Hong Kong stock exchange. The
Continue ReadingBy Juliana Liu China has approved its first Covid-19 vaccine based on mRNA technology, months after the country lifted strict pandemic measures. The vaccine was developed by CSPC Pharmaceutical Group, a homegrown firm based in the northern Chinese city of Shijiazhuang, it said in a Wednesday statement to the Hong Kong stock exchange. The vaccine
Continue ReadingBy Laura He, CNN Nearly three years after the Trump administration threatened to ban TikTok if its Chinese owner didn’t sell the company to American investors, the video app is once again facing an existential threat. TikTok CEO Shou Zi Chew will appear later Thursday before US lawmakers, many of whom want the app banned
Continue ReadingBy Samantha Murphy Kelly, CNN Business One mother in Bucks County, Pennsylvania, said her 18-year-old daughter is so obsessed with TikTok, she’ll spend hours making elaborate videos for the Likes, and will post retouched photos of herself online to look skinnier. Another mother in the same county told CNN her 16-year-old daughter’s ex-boyfriend shared partially
Continue ReadingBy Brian Fung, CNN TikTok CEO Shou Chew plans to tell US lawmakers that the app’s parent company, ByteDance, does not work for the Chinese government as he seeks to avert a US ban and reassure policymakers TikTok poses no national security threat. The remarks, which include broad promises to protect US user data, to
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Continue ReadingBy Brian Fung, CNN As TikTok CEO Shou Zi Chew prepares for his first congressional grilling on Thursday, much of the focus will undoubtedly be on the short-form video app’s potential national security risks. Concerns about TikTok’s connections to China have led governments worldwide to ban the app on official devices, and those fears have
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