The Fort Worth Press - TikTok confirms US urged parting ways with ByteDance to dodge ban

USD -
AED 3.672497
AFN 64.000229
ALL 82.022626
AMD 376.059682
AOA 916.999824
ARS 1387.3213
AUD 1.417203
AWG 1.8
AZN 1.710419
BAM 1.673634
BBD 2.011587
BDT 122.694347
BHD 0.377368
BIF 2968.547431
BMD 1
BND 1.273934
BOB 6.90148
BRL 5.118702
BSD 0.998734
BTN 92.490362
BWP 13.45308
BYN 2.900908
BYR 19600
BZD 2.008703
CAD 1.38313
CDF 2301.000267
CHF 0.790895
CLF 0.022795
CLP 897.079922
CNY 6.83625
CNH 6.83852
COP 3650.02
CRC 464.322236
CUC 1
CUP 26.5
CVE 94.357302
CZK 20.88165
DJF 177.856886
DKK 6.39862
DOP 60.568979
DZD 132.382047
EGP 53.092295
ERN 15
ETB 155.954748
EUR 0.85625
FJD 2.235698
FKP 0.744078
GBP 0.745823
GEL 2.685027
GGP 0.744078
GHS 11.006427
GIP 0.744078
GMD 72.99983
GNF 8763.627651
GTQ 7.640832
GYD 208.952669
HKD 7.834805
HNL 26.522788
HRK 6.450598
HTG 130.987476
HUF 323.238982
IDR 17086.75
ILS 3.067404
IMP 0.744078
INR 92.45655
IQD 1308.425611
IRR 1315000.000076
ISK 122.789862
JEP 0.744078
JMD 157.9096
JOD 0.708972
JPY 159.244038
KES 129.25015
KGS 87.448501
KHR 3993.718899
KMF 424.487821
KPW 899.95413
KRW 1481.325034
KWD 0.30908
KYD 0.832292
KZT 476.261788
LAK 22021.598864
LBP 89447.998186
LKR 315.134608
LRD 183.772405
LSL 16.459121
LTL 2.95274
LVL 0.60489
LYD 6.350442
MAD 9.304718
MDL 17.248506
MGA 4172.585531
MKD 52.749575
MMK 2099.780124
MNT 3575.250437
MOP 8.059525
MRU 39.641274
MUR 46.580385
MVR 15.460217
MWK 1731.845488
MXN 17.41235
MYR 3.983029
MZN 63.960554
NAD 16.459121
NGN 1362.670277
NIO 36.754009
NOK 9.509255
NPR 147.983022
NZD 1.71129
OMR 0.384498
PAB 0.998725
PEN 3.380641
PGK 4.323196
PHP 59.878994
PKR 278.577675
PLN 3.64128
PYG 6452.275411
QAR 3.651323
RON 4.3601
RSD 100.481039
RUB 77.628967
RWF 1462.201989
SAR 3.752702
SBD 8.04851
SCR 15.178147
SDG 601.00029
SEK 9.33666
SGD 1.274703
SLE 24.65032
SOS 570.778209
SRD 37.575506
STD 20697.981008
STN 20.965616
SVC 8.738811
SYP 110.553826
SZL 16.460148
THB 32.110491
TJS 9.503158
TMT 3.5
TND 2.912484
TRY 44.58029
TTD 6.774889
TWD 31.772497
TZS 2595.000306
UAH 43.381882
UGX 3680.503855
UYU 40.536031
UZS 12184.87395
VES 474.416904
VND 26325
VUV 119.534712
WST 2.769292
XAF 561.328279
XAG 0.013395
XAU 0.00021
XCD 2.70255
XCG 1.800048
XDR 0.698112
XOF 561.328279
XPF 102.054176
YER 238.575032
ZAR 16.474265
ZMK 9001.200029
ZMW 19.051327
ZWL 321.999592
  • CMSD

    0.1750

    22.675

    +0.77%

  • JRI

    0.0600

    12.91

    +0.46%

  • CMSC

    0.1900

    22.48

    +0.85%

  • BCC

    2.4900

    81.72

    +3.05%

  • RIO

    -1.0800

    97.37

    -1.11%

  • RYCEF

    1.8300

    17.08

    +10.71%

  • GSK

    1.0400

    58.41

    +1.78%

  • BCE

    -0.1300

    23.99

    -0.54%

  • BTI

    -1.4900

    58.46

    -2.55%

  • RBGPF

    -13.5000

    69

    -19.57%

  • AZN

    2.2280

    206.498

    +1.08%

  • VOD

    0.0550

    15.825

    +0.35%

  • RELX

    -0.4600

    33.47

    -1.37%

  • BP

    0.0350

    45.925

    +0.08%

  • NGG

    0.8900

    90.85

    +0.98%

TikTok confirms US urged parting ways with ByteDance to dodge ban

TikTok confirms US urged parting ways with ByteDance to dodge ban

TikTok confirmed Wednesday that US officials have recommended the popular video-sharing app part ways with its Chinese parent ByteDance to avoid a national ban.

Text size:

Western powers, including the European Union and the United States, have been taking an increasingly tough approach to the app, citing fears that user data could be used or abused by Chinese officials.

"If protecting national security is the objective, calls for a ban or divestment are unnecessary, as neither option solves the broader industry issues of data access and transfer," a TikTok spokesperson told AFP.

"We remain confident that the best path forward to addressing concerns about national security is transparent, US-based protection of US user data and systems, with robust third-party monitoring, vetting, and verification."

The Wall Street Journal and other US news outlets on Wednesday reported that the White House set an ultimatum: if TikTok remains a part of ByteDance, it will be banned in the United States.

"This is all a game of high stakes poker," Wedbush analyst Dan Ives said in a note to investors.

Washington is "clearly... putting more pressure on ByteDance to strategically sell this key asset in a major move that could have significant ripple impacts," he continued.

The White House last week welcomed a bill introduced in the US Senate that would allow President Joe Biden to ban TikTok.

The bipartisan bill "would empower the United States government to prevent certain foreign governments from exploiting technology services... in a way that poses risks to Americans' sensitive data and our national security," Biden's national security advisor, Jake Sullivan, said in a statement.

The bill's introduction and its quick White House backing accelerated the political momentum against TikTok, which is also the target of a separate piece of legislation in the US House of Representatives.

Appearing tough on China is one of the rare issues with potential for bipartisan support in both the Republican-run House and the Senate, where Biden's Democratic Party holds the majority.

Concern ramped up among American officials earlier this year after a Chinese balloon, which Washington alleged was on a spy mission, flew over US airspace.

- TikTok use rocketing -

TikTok claims it has more than a billion users worldwide including over 100 million in the United States, where it has become a cultural force, especially among young people.

Activists argue a ban would be an attack on free speech, and stifle the export of American culture and values to TikTok users around the world.

US government workers in January were banned from installing TikTok on their government-issued devices.

Civil servants in the European Union and Canada are also barred from downloading the app on their work devices.

According to the Journal report, the ultimatum to TikTok came from the US interagency board charged with assessing risks foreign investments represent to national security.

US officials declined to comment on the report.

TikTok has consistently denied sharing data with Chinese officials, and says it has been working with the US authorities for more than two years to address national security concerns.

Time spent by users on TikTok has surpassed that spent on YouTube, Facebook, Instagram or Twitter and is closing in on streaming television titan Netflix, according to market tracker Insider Intelligence.

G.Dominguez--TFWP