Tag Archives: TikTok

FTC homing in on social media companies’ data collection

Federal regulators are ordering Facebook, Twitter, Amazon, TikTok’s parent and five other social media companies to provide detailed information on how they collect and use consumers’ personal data and how their practices affect children and teens.

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Can the Digital Economy Survive in a Splinternet?

On September 18, the US administration announced that it would ban new downloads of the TikTok and WeChat apps. Then, on September 19, the plan was halted when President Donald Trump gave tentative approval to a deal that involved the creation of a new, US-headquartered entity called TikTok Global. As part of the new deal, Oracle and Walmart would own a combined 20 percent of the newly created entity; the remaining 80 percent would be owned by ByteDance, TikTok’s parent company.

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TikTok, Oracle deal still shrouded in uncertainty as companies tussle over ownership

The TikTok deal President Trump blessed this weekend is still facing uncertainty over the ownership structure of the new company, putting the agreement in jeopardy as a deadline for a U.S. ban of the video app approaches again.

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