In a blog post this week, TikTok CEO, Kevin Mayer has stated that the US needs China-owned apps as the social media competition would dry in the app’s absence, with the US advertisers left very few choices.
His comments have come in as the chief executives of Facebook, Google, Apple, and Amazon will appear before US lawmakers to address concerns regarding dominance in their markets.
TikTok has also been invited to this hearing but it seems difficult after President Donald Trump and several administration officials have stated that they are considering a ban on TikTok due to deteriorating relations between the US and China.
TikTok allows experts to examine their moderation policy and code
It seems that the Committee on Foreign Investment in the United States has raised security concerns regarding the handling of personal data by TikTok under its Chinese owner. Responding to the same, Mayer stated in his blog post, that it is essential to show TikTok’s users, advertisers, creators, and regulators that they are responsible and committed members of the American community, following U.S. laws.
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TikTok allowed experts to examine its moderation policy and code that drive its algorithms.
TikTok CEO launches a cutting attack on Facebook
Ahead of their hearing at Capitol Hill, Facebook CEO Mark Zuckerberg said in his prepared statement, that Facebook is a proud American company while China is building its version of the Internet focused on other ideas whilst exporting their vision to other countries.
The new TikTok CEO and former Walt Disney streaming executive slammed Facebook for instigating attacks, disguised as patriotism, intending to put an end to TikTok’s presence in the US, ahead of a rollout by Facebook of “copycat product” called Reels.
Bytedance looks out for several options to address US national security concerns
The tensions between the US and China have been continuously increasing and President Donald Trump and Secretary of State Mike Pompeo have stated publicly that they are considering a ban on the social media app due to national security concerns of handling personal data.
The Beijing based global conglomerate Bytedance is considering options to address these security concerns which also includes a $50 billion deal that would give ByteDance investors a major stake in the app.