“The personnel changes give the impression that TikTok is attempting to preserve ByteDance’s influence over TikTok while avoiding suspicion,” the senators wrote.
TikTok parent ByteDance’s torrid revenue growth has slowed sharply: report
Sens. Richard Blumenthal, a Democrat, and Republican Marsha Blackburn said in a letter on Tuesday to TikTok CEO Shou Zi Chew that the personnel moves further call “into question the independence of TikTok’s operations and the security of its US users’ information.” “The personnel changes give the impression that TikTok is attempting to preserve ByteDance’s influence over TikTok while avoiding suspicion,” the senators wrote, asking for a detailed account of security protocols being imposed on ByteDance employees that transfer from China to the US.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
| TikTok Parent ByteDance Turns Operating Profit, Sees Revenue SlowThe Chinese social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%.
Read more »
TikTok parent ByteDance turns $6 billion operating profit in 2023’s first quarter: WSJByteDance, the privately held parent of China-based social-media video-sharing app TikTok, managed a $6 billion profit in the first quarter of 2023, the Wall...
Read more »
TikTok parent ByteDance’s torrid revenue growth has slowed sharply: reportTikTok’s Beijing, China-based parent ByteDance saw revenue growth slow down last year, according to internal financial documents obtained by The Wall Street Journal.
Read more »
| Senators Probe TikTok’s Executive Transfers From ByteDanceThe senators seek to know whether TikTok disclosed recent personnel moves to the U.S. government and other information.
Read more »
US senators examine TikTok hiring of ByteDance executivesTwo U.S. senators said they were investigating short video sharing app TikTok's reported decision recently to hire several high-level executives from its Chinese parent company, ByteDance.
Read more »
Senators want answers about TikTok’s executive leadership transfers from ByteDance.Senators Marsha Blackburn (R-TN) and Richard Blumenthal (D-CT) wrote a letter to TikTok about the company’s recent decisions to have executives from ByteDance, its China-based parent company, work for TikTok instead:
Read more »