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☆ TikTok CEO, EU's Vestager chatted about data harvesting, spying
  + stars: | 2023-01-10 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +2 min
BRUSSELS, Jan 10 (Reuters) - TikTok Chief Executive Shou Zi Chew and the EU antitrust chief Margrethe Vestager discussed on Tuesday "aggressive" data harvesting and surveillance in the United States, the European Commission said. The short-video app, which is owned by Chinese technology conglomerate ByteDance, last month admitted that some of its employees improperly accessed TikTok user data of two journalists to try to identify the source of information leaks to the media. "At the meeting the parties also discussed GDPR (General Data Protection Regulation) and matters of privacy and data transfer obligations with a reference to the recent press reporting on aggressive data harvesting and surveillance in the U.S," it said. Chew is scheduled to meet Values and Transparency Commissioner Vera Jourova and Home Affairs Commissioner Ylva Johansson after Vestager. Reporting by Foo Yun Chee; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.
☆ EU Commissioner says he will remind TikTok CEO to respect EU rules
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: 1 min
MADRID, Jan 9 (Reuters) - Chinese social media company TikTok must remember to respect European Union rules, including transparency requirements regarding its algorithms, Commissioner for the Internal Market Thierry Breton said on Monday. "I'll remind TikTok's president to respect the integrality of our rules, which are very protective of our citizens, and the obligations they'll have, including on the transparency of their algorithms," Breton said in a joint press conference with Spain's Economy Minister Nadia Calvino. TikTok's Chief Executive Shou Zi Chew is due to travel to Brussels to meet with top EU officials later this week. Reporting by David Latona; Editing by Inti LandauroOur Standards: The Thomson Reuters Trust Principles.
☆ TikTok CEO Plans to Meet European Union Regulators
  + stars: | 2023-01-06 | by ( Stu Woo | Laurence Norman | ) www.wsj.com   time to read: 1 min
TikTok CEO Shou Zi Chew is set to meet with the European Union’s antitrust chief and other officials. TikTok Chief Executive Shou Zi Chew is scheduled to meet with European Union officials and regulators in Brussels next week, as the popular app faces heightened scrutiny in Washington over its Chinese ownership. Mr. Chew is scheduled to meet with Margrethe Vestager , the executive vice president of the EU’s executive arm and its top competition regulator, on Tuesday. He also plans to meet Justice Commissioner Didier Reynders , Home Affairs Commissioner Ylva Johansson and Vice President for Values and Transparency Vera Jourova .
☆ TikTok CEO to meet EU antitrust chief Vestager on Tuesday
  + stars: | 2023-01-06 | by ( ) www.reuters.com   time to read: 1 min
BRUSSELS, Jan 6 (Reuters) - TikTok Chief Executive Shou Zi Chew will meet the European Union's antitrust chief Margrethe Vestager in Brussels on Jan. 10, a calendar released by the European Commission showed on Friday. Chew will also meet Values and Transparency Commissioner Vera Jourova and European Commissioner for Home Affairs Ylva Johansson on the same day, the calendar showed. A spokesman for the European Commission said the meetings could be expected to cover issues such as the protection of personal data by online platforms such as TikTok and the implementation of the EU's Digital Services Act. He declined to comment on further specific details of the meetings or who requested them. Reporting by Sudip Kar-Gupta and Bart Meijer Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ Biden signs TikTok ban for government devices amid security concerns
  + stars: | 2022-12-30 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com   time to read: +8 min
President Joe Biden approved a limited TikTok ban Thursday when he signed the 4,126-page spending bill into law. The ban prohibits the use of TikTok by the federal government’s nearly 4 million employees on devices owned by its agencies, with limited exceptions for law enforcement, national security and security research purposes. Since 2020, a bubbling movement led largely by conservatives has maintained a minor interest in a TikTok ban. “We’re disappointed that Congress has moved to ban TikTok on government devices — a political gesture that will do nothing to advance national security interests — rather than encouraging the Administration to conclude its national security review,” the company said in a statement. It added that the proposed security agreement with the Biden administration would address the security concerns of lawmakers and regulators.
☆ ByteDance finds employees obtained TikTok user data of two U.S. journalists
  + stars: | 2022-12-22 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
WASHINGTON Dec 22 (Reuters) - ByteDance, the Chinese parent company of popular video app TikTok, said on Thursday that some employees this summer improperly accessed TikTok user data of two U.S. journalists and were no longer employed by the company, an email seen by Reuters shows. ByteDance employees accessed the data as part of an unsuccessful effort to investigate leaks of company information and were aiming to identify potential connections between two journalists and company employees, said the email from ByteDance general counsel Erich Andersen. A person briefed on the matter said four ByteDance employees who were involved in the incident were fired, including two in China and two in the United States. Company officials said they were taking additional steps to protect user data. "We are completing the migration of protected US user data management to the USDS department and have been systematically cutting off access points."
☆ TikTok steps up efforts to clinch U.S. security deal
  + stars: | 2022-12-22 | by ( ) www.cnbc.com   time to read: +5 min
But some government officials, including at the U.S. Department of Defense, the Federal Bureau of Investigation and the Central Intelligence Agency, remain opposed to a security deal, according to the sources. TikTok has also proposed to form a "proxy" board that would run the USDS division independent of ByteDance, the sources said. This division is headed on an interim basis by Andrew Bonillo, a former U.S Secret Service agent, and until a security deal with the U.S. is reached it reports to TikTok Chief Executive Shou Zi Chew. TikTok has been also seeking to hire independent auditors and monitors who would be paid by the company but report to CFIUS, according to the sources. However, it is unclear whether Biden's administration will eventually sign off on a security deal with TikTok.
☆ Exclusive: TikTok steps up efforts to clinch U.S. security deal
  + stars: | 2022-12-22 | by ( Echo Wang David Shepardson | Echo Wang | David Shepardson | ) www.reuters.com   time to read: +6 min
But some government officials, including at the U.S. Department of Defense, the Federal Bureau of Investigation and the Central Intelligence Agency, remain opposed to a security deal, according to the sources. TikTok has also proposed to form a "proxy" board that would run the USDS division independent of ByteDance, the sources said. This division is headed on an interim basis by Andrew Bonillo, a former U.S Secret Service agent, and until a security deal with the U.S. is reached it reports to TikTok Chief Executive Shou Zi Chew. TikTok has been also seeking to hire independent auditors and monitors who would be paid by the company but report to CFIUS, according to the sources. However, it is unclear whether Biden's administration will eventually sign off on a security deal with TikTok.
☆ South Dakota's Kristi Noem bans the use of TikTok on government devices, says China uses the platform to 'manipulate' Americans
  + stars: | 2022-11-30 | by ( Sophia Ankel | ) www.businessinsider.com   time to read: +3 min
US officials have raised security concerns about TikTok, which is owned by a Chinese company. Kristi Noem signed an executive order restricting the app for officials. The ban will prohibit state officials from using TikTok on government devices, Noem said. Kristi Noem banned the use of TikTok on government devices on Tuesday, saying China uses the social media platform to manipulate Americans. US officials have, for years, raised security concerns about TikTok, which is owned by Chinese company ByteDance.
☆ Marketers Must Be Flexible, Without Losing Identity, in Uncertain Times
  + stars: | 2022-11-27 | by ( Nat Ives | Sophie Kelly | Senior Vice President Of Whiskies At Diageo North America | ) www.wsj.com   time to read: +9 min
“There’s no such thing as a set forecast right now,” said Sophie Kelly, senior vice president of whiskies at Diageo North America, speaking at the same event. The firm, a unit of Interpublic Group of Cos.’ Mediabrands, cut its growth forecast for next year to 4.8% from an earlier prediction of 5.8% in June. Organic revenue growth is a metric that removes the effects of currency fluctuations, acquisitions and disposals. Airbnb Inc. slashed its advertising spending and invested in brand marketing, lessening its reliance on search-engine marketing. “We knew that people are changing their behavior,” said William White, Walmart’s chief marketing officer.
☆ House Republicans say TikTok made misleading claims in briefings on data handling
  + stars: | 2022-11-23 | by ( Brian Fung | ) edition.cnn.com   time to read: +4 min
Washington CNN Business —House Republicans say TikTok may have misled congressional staff in private briefings about the company’s handling of US user data, in a new letter to the short-form video app this week. And it foreshadows how House Republicans, having gained a majority in the 2022 midterm elections, are likely to approach TikTok in the coming months. “Both claims appear to be misleading at best, and at worst, false,” Comer and McMorris Rodgers wrote. Tuesday’s letter calls on TikTok to preserve a broad swath of documents, communications and other records, in a preview of how House lawmakers could investigate the company in the coming months. And it reiterated a half-dozen other requests for information the GOP lawmakers had sent to the company during the summer.
☆ U.S. House Republicans press TikTok on Chinese data sharing
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +2 min
Following election wins earlier this month, Republicans will take control of the House in January. The letter could be a sign of tough scrutiny they plan to apply to Chinese companies including TikTok, a target of the Republican administration of former President Donald Trump. But the Democratic Biden administration has also expressed concern about TikTok. Among other questions, the lawmakers asked TikTok to provide drafts of any agreement being negotiated with the Biden administration to allow TikTok to remain active in the United States. CFIUS and TikTok have been in talks for months aiming to reach a national security agreement to protect the data of TikTok's more than 100 million users.
☆ As Meta and Twitter slash staff, TikTok plans to keep hiring
  + stars: | 2022-11-21 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +2 min
CNN —While much of Silicon Valley is grappling with hiring freezes and job cuts, at least one social media company is still planning to keep hiring: TikTok. News of TikTok’s hiring plans was first reported by The Information. The shift in the hiring landscape in Silicon Valley could help TikTok as it looks to appease critics and cement its position in the United States, and also as it works to expand into new product categories. TikTok’s career portal website currently lists more than 4,000 global positions, though it is not clear how often the hiring site is updated. “We are still hiring,” Chew said at the conference last week, “although, you know, at a pace that we think has corresponds with the global challenges that we’re facing.”
☆ TikTok CEO says the company is set up to avoid the kind of job cuts Elon Musk made at Twitter: 'We don't need to lay off half the workforce to achieve the efficiency levels that we want'
  + stars: | 2022-11-16 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
TikTok CEO Shou Zi Chew said the company won't need to cut half its staff like Twitter, Bloomberg reports. Chew said that investing in content moderators is critical to keeping the platform safe. His comments come days after Twitter reportedly laid off many of its contracted content moderators amid the tech layoffs. "The way we are organized is one where we don't need to lay off half the workforce to achieve the efficiency levels that we want to achieve." Chew emphasized that content moderation plays a critical role in efforts to secure TikTok, which is why the platform employs tens and thousands of employees in content moderation, he said.
☆ TikTok, Struggling With Slowing Digital-Advertising Industry, Lowers Ad-Revenue Outlook
  + stars: | 2022-11-11 | by ( Raffaele Huang | ) www.wsj.com   time to read: 1 min
Challenges in the digital-ad sector are driving TikTok to diversify its revenue sources. SINGAPORE—TikTok’s slashing of its advertising-revenue outlook shows the fast-growing short-video app isn’t immune to the ad weakness reported by other social-media companies. TikTok has lowered its target for this year’s advertising revenue to $10 billion from at least $12 billion, Chief Executive Shou Zi Chew told staff in an online meeting that took place in recent weeks, according to the employees who attended the meeting.
☆ TikTok scolded staff for slumping sales while the company burned money on inflated salaries and lavish parties around the world, report says
  + stars: | 2022-11-10 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
TikTok's CEO blamed staff for not making enough ad and e-commerce sales, the Financial Times reported. But sources at TikTok told the FT the firm's spending is partly to blame for lower ad revenue. Employees at TikTok said that the firm is burning money on high salaries and expensive parties. And while TikTok CEO Shou Zi Chew blamed staffers for underperforming, sources told the Financial Times that the company is also at fault for burning cash on inflated salaries and swanky parties. Even though TikTok's overall earnings continues to grow, the platform struggled to meet its projected ad revenue targets this year.
☆ New money is pouring into Singapore, but a series of recent multimillion-dollar real-estate transactions show the old status symbols are as popular as ever
  + stars: | 2022-10-07 | by ( Nidhi Pandurangi | ) www.businessinsider.com   time to read: +4 min
Good Class Bungalows, or GCBs, are powerful status symbols for old and new money alike in Singapore. With land this scarce, the most elite level of property on the island is the Good Class Bungalow, or GCB. New money, old status symbolWith new money pouring into Singapore, a series of recent multimillion-dollar real-estate transactions show these old status symbols are as popular as ever. And in 2019, British billionaire inventor James Dyson purchased an SG$50 million bungalow opposite Singapore's Botanic Gardens, per the Straits Times. Moreover, some prospective Good Class Bungalow renters are not even living in these properties.
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