US Govt Investigating TikTok Over Musical.ly Deal, National Security Concerns
The United states government has opened an investigation into TikTok's parent company, ByteDance, over the former'due south $1 billion acquisition of popular video-streaming app, Musical.ly, back in 2017. According to The Washington Post, the probe would await into how the visitor could go through with the deal even without a clearance from the Commission on Foreign Investment in the United States (CFIUS).
According to sources quoted by the Reuters, "CFIUS is in talks with TikTok about the measures it could take to avoid divesting the Musical.ly assets it acquired". Further details remain sketchy at this point in time, but both TikTok and the US regime have acknowledged the development, although, neither provided any concrete details on the subject.
The investigation will also look into allegations that the company is censoring politically sensitive content in China and mishandling user-data, post-obit repeated calls from lawmakers from both sides of the aisle to investigate whether it poses a national security risk. TikTok has enjoyed a meteoric ascension over the by couple of years, and claims to have over 26.five million monthly agile users in the U.s., mostly in the sixteen-24 age group.
In a press statement issued Friday, TikTok said it will work with the United states of america Congress to mitigate any bug they might take with the functioning of the company. According to an official TikTok spokesperson, "While we cannot comment on ongoing regulatory processes, TikTok has made clear that we have no college priority than earning the trust of users and regulators in the U.Due south. Part of that effort includes working with Congress and we are committed to doing so".
The investigation comes at a time when the short-format video app is fast gaining popularity among users around the world, including in iii of the largest, most populous nations – China, Bharat and the The states. Over the past couple of years, the Chinese social media app has become remarkably pop among US teenagers fifty-fifty as trade tensions between the ii countries go on to remain at an all-fourth dimension high.
Source: https://beebom.com/us-government-tiktok-national-security-investigation/
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