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The Latest Breaking News from ByteDance

Facebook's Chinese Rival Internally Shares Its Financial Reports; Losses Mount In Its Bid For Growth

TikTok parent ByteDance Ltd saw its operating losses more than triple last year to above $7 billion as it spent heavily to continue its torrid growth, the Wall Street Journal reports citing financial info shared with employees. ByteDance also produced an operating profit in the first quarter of 2022, the report showed. ByteDance has closely…

Benzinga

TikTok reports $1bn turnover across international markets

Chinese-owned platform popular among teens and young adults saw its turnover rise by 477% last year

The Guardian - UK

Russia fines TikTok for 'LGBT propaganda', Twitch over Ukraine content

Russia on Tuesday fined TikTok for failing to delete content that violates Russian laws on 'LGBT propaganda' and streaming service Twitch for hosting a video interview with a Ukrainian political figure that Moscow said contained 'fake' information.

Reuters

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Actors voice concerns over the rising use of AI in film industry

While James Earl Jones has given Disney permission to generate his Darth Vader voice using AI, others in the space haven't been as fortunate.

The New Daily

TikTok drawing up plans to deal with Chinese security concerns to avoid a sale

The US government had asked TikTok’s Chinese parent company to sell it over concerns Chinese authorities were able to access user information

Evening Standard

Will TikTok Get Banned In The US? Over 60% Of Benzinga's Twitter Followers Say This

Leading social platform TikTok has become one of the most downloaded and used apps around the world with growing interest in the U.S. Facing security concerns with links to China, the app faces a potential ban in the U.S. Here’s what Benzinga followers think could happen.

Benzinga

Yesterday's News? Qutoutiao Adds Delisting Threat to Growing Headaches

Key Takeaways: Qutoutiao faces potential delisting after being notified last week that the value of its publicly held shares is too small The cash-strapped company has adopted a cost-cutting strategy over the last two years, and has yet to report its first and second quarter results for this year By…

Benzinga

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TikTok can track users’ every tap as they visit other sites through iOS app, new research shows

Researcher says social media app can collect keystroke information but ‘there is no way for us to know’ if or how data is used

The Guardian - AU

Russia to Enforce Search Engine Disclaimers on Five Foreign IT Firms

Russia's state communications regulator said on Friday it was taking punitive measures against five foreign IT companies for violating online content laws, which could require search engines to include a disclaimer about the violations. The regulator, Roskomnadzor, said it was imposing measures against ByteDance's TikTok, Telegram messaging service, Zoom Video…

Asharq Al-Awsat

Oracle begins reviewing TikTok algorithms as data security doubts intensify

TikTok’s “Project Texas” rehab campaign has officially begun.

Input

Chinese tech giants submit 'top secret' algorithms to Beijing regulator

Chinese tech giants including Alibaba, Tencent and ByteDance – the parent company behind the TikTok video app – have submitted details of algorithms used in some of their products to China's state regulator, in an unprecedented move that strengthens Beijing's oversight of the sector.

Radio France Internationale

UK Parliament TikTok account suspended over concerns about links with China

THE UK Parliament's TikTok account has been shut down amid concerns about links with China.

The National (Scotland)

New Zealand MPs urged to delete TikTok as ‘data could be accessed by Chinese government’

Recent report had revealed private data from US was accessible to China-based ByteDance employees

The Independent UK

A TikTok Music app could be Spotify's toughest competition yet

A U.S. patent filing suggests ByteDance is interested in creating TikTok Music, a music streaming app to rival the likes of Spotify and Apple Music.

Input

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The Guardian - UK

TikTok refused to host disguised account for Chinese government

Senior figures at social video app pushed back on request deemed ‘sensitive’, according to report

The Times of India

Chinese government asked TikTok for stealth propaganda account

BEIJING: A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences with propaganda, according to internal messages seen by Bloomberg.

Input

Can Pico's new VR headsets compete with Meta's Quest 2?

Pico, owned by TikTok's parent company, ByteDance, looks like it might try to challenge Meta’s Quest 2 and Quest Pro VR headsets in the U.S.

The Times of India

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.

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The Conversation

What do TikTok, Bunnings, eBay and Netflix have in common? They’re all hyper-collectors

You walk into a shopping centre to buy some groceries. Without your knowledge, an electronic scan of your face is taken by in-store surveillance cameras and stored in an online database. Each time you return to that store, your “faceprint” is compared with those of people wanted for shoplifting or…

The Conversation

Even if TikTok and other apps are collecting your data, what are the actual consequences?

By now, most of us are aware social media companies collect vast amounts of our information. By doing this, they can target us with ads and monetise our attention. The latest chapter in the data-privacy debate concerns one of the world’s most popular apps among young people – TikTok.

Benzinga

Benzinga Before The Bell: Musk's Twitter Lawsuit, Uber Penalized For Overcharging People With Disabilities, Johnson & Johnson Cuts Outlook And Other Top Financial Stories Tuesday, July 19

CNBC Amazon Courts More Trouble As Regulators Inspect Its Warehouses

The Guardian - AU

TikTok has been accused of ‘aggressive’ data harvesting. Is your information at risk?

Users of the video app have been warned about its data practices and links to China. Can you keep your details safe?

The Conversation

Concerns over TikTok feeding user data to Beijing are back – and there's good evidence to support them

When English statesman Sir Francis Bacon famously said “knowledge is power”, he could hardly have foreseen the rise of ubiquitous social media some 500 years later.

Benzinga

Benzinga Before The Bell: Record Inflows In 'Short Bitcoin' Funds, Elon Musk's Trillionaire Possibility, Gmail's Political Bias And Other Top Financial Stories Tuesday, July 5

Reuters

Benzinga

TikTok Says China-Based Employees Can Access US User Data

TikTok, which is owned by China's ByteDance, has confirmed that China-based employees can access U.S. user data under certain circumstances.

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