An ex-TikTok worker’s claims of sharing U.S. user data with counterparts in Beijing has rattled the company as it works feverishly to avoid a ban in America.
Chinese tech giant ByteDance reportedly wants TikTok to shutdown in the United States if its legal fight against the recently passed ban-or-sell legislation fails.
TikTok's claim that it was walling off U.S. user data from its parent company, Chinese tech giant ByteDance, only applied to the "front door" while the app left the back door wide open, according to former employees.
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The finance ministers of the United States, Japan and South Korea said Wednesday that they have discussed the Asian countries' "serious concerns" about the recent sharp depreciation of their currencies against the U.S. dollar. As the countries expand the scope of their cooperation beyond security affairs, U.S. Treasury Secretary Janet
"Whether we like it or not, services such as retail, care work, and other personal services will remain the primary engine of job creation."
By AAMER MADHANI (The Associated Press) NEW YORK (AP) — President Joe Biden said Friday that he is willing to debate his presumptive Republican opponent, Donald Trump, later this fall – his most definitive comment yet on the issue. The comment came during an interview with the Sirius XM radio host Howard Stern, who asked […]
China investigating Yao Qian, the former head of the Digital Yuan project. Local media reports say Yao is under probe for “violations of discipline and law.” Yao Qian, a leading Chinese blockchain expert who previously spearheaded China’s Digital Yuan program, is reportedly under government investigation. The Digital Yuan is a central bank digital currency (CBDC) […]
By Jason Powell, ProWrestling.net Editor
App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikelyByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US, four sources said.The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would make a sale of the app with algorithms highly unlikely, said...
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.
The comments from ByteDance come after reports it was exploring the potential sale of the platform.