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The Times of India
The Times of India
Business
Bloomberg

TikTok owner spends record $2.14 million on US lobbying

WASHINGTON: ByteDance Inc, the Chinese parent company of social media video streaming sensation TikTok, spent a record $2.14 million on lobbying during the second quarter as it sought to fend off escalating congressional attacks over its privacy and security practices.

The company's lobbying spending increased nearly 130% from the first quarter, a sign that TikTok's government affairs operation is escalating its attention to Congress after a lull. This year's second quarter spending increased 16.3% over a year earlier, when the company spent $1.84 million.

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