In March, TikTok announced that it would open “transparency centers” where independent auditors could examine its content moderation practices. Updated 0235 GMT (1035 HKT) October 6, 2020. Ultimately, Mr. Stamos said, the question of what to do about TikTok is secondary to the question of how multinational tech giants in general should be treated. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. “If the concern is data security, the best way to secure the data is to put TikTok under the microscope, and put in place really robust and enforceable rules about how they’re using and retaining data.”. At its core, a lot of the TikTok fear factor comes down to a lack of information. But we still don’t know how TikTok’s algorithms are programmed, or why they’re showing which videos to which users. “We’ve tripled the number of employees in the U.S. since the start of 2020,” she said, “with plans to hire 10,000 more people over the next three years in places like Texas, New York and Florida.”. The company has hired a small army of lobbyists in Washington, has brought in an American chief executive (the former Disney executive Kevin Mayer) and is reportedly exploring selling a majority stake in the company to American investors. Sen. Cruz to Twitter CEO: Who the hell elected you? 1.1 million watched it, Watch this flying car complete its first flight, Fact-checker calls the person who sent him a death threat. (In the days after that, a person familiar with the deal told CNN Business that TikTok Global would be partially owned by ByteDance's international and Chinese investors, but that ByteDance itself will hold zero percent of the company to be created by the deal to run the app outside of China.). Samm Sacks, a cyberpolicy fellow at the centrist think tank New America, told me that some of the solutions being proposed for TikTok — such as selling itself to American investors — wouldn’t address the core problems. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. In addition to the appeal, Beeler is expected to reconsider her temporary halt on the ban Oct. 15. “I think TikTok is a bit of a red herring,” Alex Stamos, Facebook’s former chief security officer and a professor at Stanford University, told me in an interview. All rights reserved. If we can figure out how to handle TikTok — an app with a genuinely creative culture, and millions of American young people who love it — we’ll have done a lot more than preserving a world-class time-waster. But ByteDance has said that the US deal does not involve the transfer of its algorithms and technologies — just that Oracle would be able to review the app's source code. So he walks to school, Watch the country's first firefighting robot in action, Here's what you need to know about the iPhone 12, QAnon has hijacked the name of a real organization trying to save children, How this former QAnon believer escaped the virtual cult, This material could transform the solar energy sector, This crease in Biden's shirt fueled a conspiracy theory, Watch Ring's indoor drone prototype patrol a house, Trump is stealing China's playbook to deal with TikTok, introduced new rules that govern the sale of certain kinds of technology, aggressive pushback from Chinese state media. And there is plenty more the U.S. government could do to ensure that TikTok plays a responsible role in our information ecosystem without getting rid of it altogether. The US Commerce Department has said that it intends to "vigorously defend" its order, and there have been no major developments in the court case since the judge issued his ruling last week. Trump has said he won't approve the deal unless Americans control the company. Jamie Favazza, a TikTok spokeswoman, said in a statement that in addition to the chief executive, the social network had an American as its chief information security officer and another as its head of safety. All times are ET. This fourth-grader doesn't have WiFi at home. She added that the company’s content moderation efforts were led by U.S.-based teams and not influenced by any foreign government, and that TikTok had not and would not give data to the Chinese government. It's also a popular way for people to stay in touch with friends, family and business contacts in China. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Most stock quote data provided by BATS. Like all Chinese tech companies, ByteDance is required to abide by Chinese censorship laws, and it could be forced to give user data to the Chinese government under the country’s national security law. There are even activists using TikTok to influence our elections, including a network of teenagers and K-pop fans who claimed they used the app to sabotage President Trump’s rally in Tulsa, Okla., last month by registering for tickets under false identities. Forcing TikTok to operate in a radically transparent way would go a long way toward assuaging Americans’ fears. All rights reserved. The ruling could also eventually be thrown out: The judge only weighed in because TikTok. Decision on TikTok within weeks, not months: White House "I do not think there is any self-imposed deadline for action, but I think we are looking at weeks, not months," White House Chief of Staff Mark Meadows told reporters aboard Air Force One, flying with President Donald Trump form Atlanta. Some experts see TikTok’s current predicament as a chance to change that. Trump approves Oracle, Walmart deal for TikTok, Disney's new robot has a creepily human gaze, Twitter flags Trump's tweet on mail-in voting in Pennsylvania, False video of Biden aims to make him look unfit for office. Greg Baker/Agence France-Presse — Getty Images, Alex Stamos, former chief security officer at Facebook, sees an opportunity to make TikTok “a thoughtful model of how to regulate companies that operate in both the U.S. and China.”. There is plenty the U.S. government could do to ensure that TikTok acts responsibly without getting rid of it altogether. It could require the company to open-source key parts of its software, including the machine-learning algorithms that determine which posts users are shown. Peter Navarro, White House trade adviser, discusses Microsoft's potential purchase of TikTok, noting that there is "suspicious stuff" between China … He questioned whether Microsoft should "divest its Chinese holdings" if it buys the app. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Peter Navarro, White House trade adviser, discusses Microsoft's potential purchase of TikTok, noting that there is "suspicious stuff" between China and Microsoft. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. All rights reserved. But the app store ban is not the only TikTok deadline on the US government's radar. TikTok, meanwhile, has pushed back against the claim that it poses a security risk, saying that the user data it keeps on Americans is stored stateside, with a backup in Singapore. Many conservative politicians, including Mr. Trump, appear to care more about appearing tough on China than preventing potential harm to TikTok users. All of this might have been overlooked or forgiven, except for one fact. The agreement with Oracle and Walmart is still a work in progress. The company has until Oct. 14 to file a request to temporarily block those restrictions. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. And Silicon Valley tech companies like Facebook, whose executives have warned of the dangers of a Chinese tech takeover, would surely like to see regulators kneecap one of their major competitors. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 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In the past year, as it has become one of the most popular apps in the world, TikTok has accumulated many of the same problems that other large-scale social networks have. The app, which is owned by Tencent, is ubiquitous in China and is widely seen as equivalent to if Facebook, Paypal, LinkedIn and other platforms were all rolled into one.
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