![]() There is no evidence TikTok is doing either.” 'TikTok will have a tough fight' Or TikTok could manipulate its recommendation algorithms to deemphasize content that is critical of the Chinese government or promote Chinese propaganda. “TikTok could, in theory, share aggregate or individual data about Americans with the Chinese intelligence sector. “There is speculation that TikTok could compromise national security,” said University of Washington law professor Ryan Calo. ![]() users by storing their personal data outside China and says it does not share information with Beijing. user data to the Chinese government or that it could be used as a propaganda machine to manipulate Americans. worries that TikTok could be pressured into handing over U.S. Biden administration worried about China spying TikTok CEO Shou Zi Chew is set to testify before the House Energy and Commerce Committee on Thursday, his first appearance before a Congressional committee. is demanding that the app be sold or banned. Scrutiny over TikTok’s relationship with Beijing put the company in the crosshairs during the Trump administration and the Biden administration. TikTok is owned by the Chinese company ByteDance. ![]() None of its rivals – not Facebook, Instagram, or Snapchat – has come close to capturing its magical hold on our phones and attention spans, especially with young people. It shapes it, from the Corn Kid remix to Louis Theroux’s “Jiggle Jiggle.” The short-form video platform does not just rule online culture. CNN Sans ™ & © 2016 Cable News Network.TikTok has never been more popular or more controversial. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Launched in 2016, Douyin was the major money spinner for ByteDance years before TikTok, raking in revenue through in-app tipping and livestreaming.īyteDance was founded by Zhang Yiming, a former Microsoft employee, and first became known for its news app Jinri Toutiao or “Today’s Headlines,” which debuted in 2012 soon after the company was founded. Like TikTok, it’s a short-form video app. Here’s what you need to know about Douyin and ByteDance:ĭouyin has a whopping 600 million users a day. Its powerful algorithm became the foundation for TikTok and is key to its global success.īut the two platforms, similar on the surface, play by starkly different rules. Instead, there’s a different version of TikTok - a sister app called Douyin.īoth are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. 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.īut the wildly popular platform, developed with homegrown Chinese technology, isn’t accessible in China.
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