36 Burst results for "Bytedance"

Fresh update on "bytedance" discussed on TIME's Top Stories

TIME's Top Stories

01:59 min | 8 hrs ago

Fresh update on "bytedance" discussed on TIME's Top Stories

"There's growing momentum in Congress to take on TikTok and some want to ban it entirely. By Eric. Millions of Americans may love TikTok, but there's a growing coalition in Congress that wants to crack down on the video sharing platform with some lawmakers trying to ban it completely. Last week, two of Washington's staunchest China hawks, senator Josh hawley of Missouri and representative Ken buck of Colorado, introduced legislation that would prohibit users from downloading the Chinese owned app on all U.S. devices. Amid rising international concerns about the platform's data collection practices, it would be the most aggressive action yet to curb what the two Republicans are calling a national security threat. While hill sources say their legislation has little chance of passing in the new Congress, they're still growing bipartisan interest on Capitol Hill to take on the popular social media service that harvests its users sensitive personal information. Holly and buck have already seen some success in December, Congress passed a different bill they introduced last year that banned the app on federal government devices. At least 14 other states have enacted similar restrictions. I think the security concerns related to TikTok are just as urgent with private citizens as they are with federal employees, particularly when you really realize that TikTok is a backdoor for the CCP into every American's private life. Holly tells time referring to the Chinese Communist Party. Holly and bucks new Bill, the no TikTok on the United States devices act comes as members on both sides of the aisle are discussing more expansive proposals to protect the data of users who aren't under Uncle Sam's employee. Representative ro Khanna, a California Democrat is not on board with an outright prohibition of TikTok, but he says he would support legislation that would require TikTok to break off from its Beijing based parent company ByteDance. I would force the sale of TikTok to an American company, he tells time. I think that that's the approach that would be a reasonable one. There has been a lot of conversation on these issues with both Republicans and Democrats. Independent investigations have found that TikTok's data collection methods include the ability to amass the contact lists, calendars, hard drives, and locations of its users on an hourly basis. That's not much different from the capabilities and practices of American based big tech firms like Facebook and Google, but because TikTok is owned by a Chinese company, it is subject to Chinese national security law, which requires that companies share data requested by the government. If they are ever is a cyber war, its information that's gathered like this that will be used against American citizens buck tells time. By chance has denied a connection to the Chinese government and has called the allegations misinformation. Senator hawley and representative bucks call for a total ban of TikTok takes a piecemeal approach to national insecurity and a piecemeal approach to broad industry issues like data security, privacy, and online harms says Brooke oberwetter spokeswoman for TikTok. We hope that they will focus their energies on efforts to address those issues, holistically, rather than pretending that banning a single service would solve any of the problems they are concerned about or make Americans any safer. This month the company's top executives and lobbyists have been briefing members of Congress and influential D.C. policy researchers about a $1.5 billion effort it has launched called project Texas to address TikTok security concerns. The move follows reports that TikTok employees surveilled Forbes journalists and China based employees accessed Americans user data. Holly and bucks say that the sale to an American owner would satisfy at least part of their concerns, barring that, however, they want to press forward on their bill.

Congress Tiktok Senator Josh Hawley Holly Chinese Communist Party Bucks New Bill Ken Buck Representative Ro Khanna Bytedance U.S. Capitol Hill Eric Chinese National Security Law Missouri CCP Colorado Buck Uncle Sam China Federal Government
"bytedance" Discussed on The Product Podcast

The Product Podcast

04:40 min | 2 d ago

"bytedance" Discussed on The Product Podcast

"All about us feel good. And it elevates you to thinking that you're a little bit higher society. Feed the ego. If this part is applicable to you, this is a great way more so to kind of keep loyalty, keep retention, but also can also fuel engagement as well. And the third area is to make a dream come true. So I'll give you some quick examples of this. Class pass, when they first started out, you could go to you can go to studios unlimited times a month. And then became unprofitable, but that's how they started out. And it was a dream come true. You could just go to any gym, feel like a king. Or a queen, or you can just go anywhere walk in anywhere, and just do a class. That was a really magical experience. MoviePass, the notorious MoviePass. Go see a movie as many times as you want for a 9 bucks a month. Or ten bucks a month. That's insane. There are a lot of people that took advantage of that and they thought movie puzzle was the best thing in the world. And that led them to getting a ton of traction, ton of girl, a ton of users, just the word of mouth. You can always make a dream come true. And sometimes it works, and sometimes it doesn't. When I mean, it doesn't work. Usually when you make a dream come true, it is a dream that doesn't come true for one side and usually that's the business side. So if you finesse it like class passed it, we're eventually once you have the core user base, you make the adjustments, get the unit economics, right? And you adjust the plans. You can make that work. So these are some safe arrows. Best practices that I think a lot of people should be considering when they're, again, thinking about how can they find product micro fit in this idea or the space that we're considering. All right, so just to conclude, just to summarize, I want the process of power to find product market fit. Again, it's a process, it's an iterative, long tedious process. You need to keep going at it. Don't give up. And your chance of

"bytedance" Discussed on The Product Podcast

The Product Podcast

05:31 min | 2 d ago

"bytedance" Discussed on The Product Podcast

"And where things went wrong. So again, social city was a way for people to find both meetups and actually was a place to find people as well that you can just find on a map view and directly message. Or you can just request to attend, they made up itself. So there are a couple of things going on here. So when I have this design, I'll just quickly give you a quick design review of this. There's a public view. So these are just like, you can see the entire world. All the made ups that are happening, they could see the people that are all around you. Or you can filter for just your Friends, aka people that you're following. There's a vetted view of only the people you care about. On this tab over here, we have multiple tabs. You can just filter for just the meetups. You could filter for just the people. And we had another thing here called open-source. So if you like topping yourself, you have an option that will pop up saying, are you open to me? And if you are, you have a little fire icon here. To indicate to the people that you're open to meeting right now. So people thought that was really cool. I would totally love to just be open to me. And I think it's also really cool that I can see all these people around me. I can message them, I can find meetups. It's really awesome. I've never seen anything like this. Definitely not. Anything has open network or open world as this before. And I would totally use it. I had a public dirty people from all various backgrounds, half of them are friends, half of them were complete strangers. Also the same thing, follow the typical guidelines of each research.

"bytedance" Discussed on Techmeme Ride Home

Techmeme Ride Home

02:59 min | Last week

"bytedance" Discussed on Techmeme Ride Home

"Of course they are, it would be a surprise if they didn't do this, but maybe they shouldn't do it. File, according to 6 employees and an internal document, TikTok and ByteDance staff have allegedly engaged in heating or inflating video view counts to court influencers and brands. Quoting Forbes. These sources reveal that in addition to letting the algorithm decide what goes viral, staff at TikTok and ByteDance also secretly handpicked specific videos and supercharge their distribution using a practice known internally as heating. Quote, the heating feature refers to boosting videos into the for you feed through operational intervention to achieve a certain number of video views. An internal TikTok document titled mint heating playbook explains. Quote, the total video views of heated videos accounts for a large portion of the daily total video views around one to 2%, which can have a significant impact on overall core metrics. TikTok has never publicly disclosed that it engages in heating, and while all tech giants engage to some degree in efforts to amplify specific posts to their users. They usually clearly label when they do so. Google, meta and TikTok itself, for example, have partnered with public health and elections groups to distribute accurate information about COVID-19 and help users find their polling place, making clear disclosures about how and why they chose to promote these messages. But sources told Forbes that TikTok has often used heating to court influencers and brands enticing them into partnerships by inflating their videos view count. This suggests that heating has potentially benefited some influencers and brands, those with whom TikTok has sought business relationships at the expense of others with whom it has not. We think of social media as being very democratizing and giving everyone the same opportunity to reach an audience, said Evelyn dowek, a professor at Stanford law school and senior research fellow at the knight First Amendment institute at Columbia University. But that's not always true, she cautioned, quote, to some degree the same old power structures are replicating in social media as well where the platform can decide winners and losers to some degree and commercial and other kinds of partnerships take advantage end quote. Heating also reveals that at least sometimes videos on the for you page aren't there because TikTok thinks you'll like them instead they're there because TikTok wants a particular brand or creator to get more views. And without labels, like those used for ads and sponsored content, it's impossible to tell which is which, employees have also abuse heating privileges, three sources told Forbes, they were aware of instances where heating was used improperly by employees. One said that employees have been known to heat their own or their spouses accounts in violation of company policy, documents reviewed by Forbes showed that employees have heated their own accounts as well as accounts of people with whom they have personal relationships, according to one document, a heating incident of this type led to an account receiving more than 3 million views. Finally, today, the

TikTok ByteDance Forbes Evelyn dowek knight First Amendment institu Stanford law school Google Columbia University
"bytedance" Discussed on Newsradio 600 KOGO

Newsradio 600 KOGO

05:01 min | 2 weeks ago

"bytedance" Discussed on Newsradio 600 KOGO

"Live line, cybersecurity expert Jonathan Taylor. Good morning, Jonathan. Good morning. Good morning. So let's start with this overall question here is TikTok dangerous. And if so, why? Yes, yes, it is unequivocally dangerous. It's dangerous because TikTok is owned by a company named ByteDance. China, a foreign government, has a stake in ByteDance. And so when we get our devices and we download these applications, we are essentially giving those applications permissions. You know, who's ever reading those terms and agreements, right? And so we're giving them access to our camera, we're giving them access to our microphone. They can see and store our location information, our network information, they can even see our badge notifications. That's essentially every single notification on your device. And so what we don't want is we don't want tiktoks sharing that information with a foreign country that we're not just having great relations with right now. So the difference though is if you say Facebook or Twitter, those are those are American owned, right? This is the Chinese government, and that's why we're saying, look, they have access to too much information. The right TikTok guy gathers information. Like you say, no different from other social media applications. The problem is is that these companies, whether foreign or domestic, they have the ability to aggregate and analyze and immense amount of American U.S. citizen data. You know, and then a couple of that with the power of artificial intelligence, at a macro level, we've got to look at how people can be psychologically manipulated. You know, TikTok is mainly used by the younger generation, adolescents, young adults. And so they have that potential of being radicalized. And so we've seen this happen in the last couple election cycles, you know, where certain divisive issues were amplified and targeting partisan ideology. And so it's not so much just about stealing pictures and bank information anymore. We really got to look at these permissions. We're allowing these companies to have with our lives. So I'm old enough. I don't know if you are to remember MySpace. So MySpace, that kind of phased itself out. You've got Facebook now that kids say, that's for older people. That's for people in their 40s and 50s and 60s, blah, blah, blah, blah. Tiktoks are its days numbered, do you think? You know, shutting down TikTok or removing the app from the stores. It just leaves room for copycat applications. And people that really want that app. They're going to find ways to circumvent the restriction using VPNs, or even less secure ways that leave their device even more vulnerable to Pfizer or other types of attacks. And so, you know, I've got a 16 year old daughter, and me asking her to take that off her phone. She kind of looked at me crazy last night. And then my wife, she kind of co signed it. And so I think I lost that battle. So what I did was I just took the time and I really wanted to educate them on what permissions they are allowing these tools to have. And just really start to have that conversation about what responsible social media looks like. Well, and that's a good discussion to have, but if somebody is listening right now and either they're on TikTok or their kid is on TikTok, would you tell them to delete the app? I definitely recommend it. I do not have it on my phone. I don't have any of them on my phone. And I'm the cybersecurity guy. And so I've got a device that I do allow some of those apps on, but it's not with me everywhere. I don't take it to me in meetings, and I don't make sure it's with me at all times like my other device. And so, you know, taking it off and that's going to be a very complicated issue. And so definitely you want to look at just what permissions you're giving these applications in turn those off. But you know, you got to be mindful of apps like Google Maps. You know, when you turn off certain permissions, you can't use certain features. So with Google Maps, if you turn off that location, you're not going to get that a to a to B step by step direction where you used to. So it's a give and take relationship. Cyber scary expert Jonathan Taylor joining us. Thank you so much, Jonathan. Thank you. You have a good one. All right, you two. Ted Garcia, pogo news. News radio 600 kogo and iHeart radio station. When news breaks, California is dramatically improved its drought status for storms in three years. The study is showing those who eat fast food on a regular basis increase the possibility of developing

Jonathan Taylor TikTok ByteDance Chinese government MySpace Jonathan Facebook China Twitter Pfizer U.S. Google Ted Garcia California
"bytedance" Discussed on WCPT 820

WCPT 820

07:22 min | Last month

"bytedance" Discussed on WCPT 820

"I could not tell where it came from, and there was a second strike. The school caught on fire and smoke was rising over it. But the entire yard was full of smoke and ashes. Power poles were damaged and the power went out. In Moscow, president Vladimir Putin Thursday used the word war to describe Russia's invasion of Ukraine. It's the first time he is strayed from publicly calling the conflict a special military operation. Our goal is not to spend this flywheel of a military conflict. But on the contrary to end this war. This is what we are striving for. Putin's remarks followed the arrest of anti war Russians who face fines and up to ten years in prison for calling the conflict a war instead of a military. A special military operation. The Chilean governments announced plans to open an embassy in the Israeli occupied Palestinian territories, Chile's president Gabriel Boris made the announcement Wednesday during a ceremony in the capital Santiago hosted by the Palestinian community. We're going to upgrade chiles official representation in Palestine from the church of affairs. We have today to an embassy. We will open during our term. Believe the representation in the Serbs and the international rights simply be respected. Over 300,000 Palestinians are estimated to be living in Chile, many with roots in the occupied West Bank and Bethlehem. The video sharing platform TikTok has revealed some of its workers track two reporters who cover the company gaining access to their IP addresses and user data. One journalist was from the Financial Times, the other wrote for BuzzFeed, and now works at Forbes. Forbes says at least two more of its reporters were targeted for surveillance, which was undertaken as part of an internal investigation into leaks at the company. ByteDance, the Chinese parent company of TikTok says it did not approve the spying tactics and fire the worker who led the effort. This comes as the U.S. Senate Thursday passed a provision banning TikTok on most U.S. government devices. Some lawmakers have been fighting to ban the hugely popular Apple together. Amidst ongoing tensions between Washington and Beijing, saying it poses a national security and privacy risk. Here in New York, Republican Congress member elect George Santos has broken his silence over a New York Times investigation. The town he misrepresented key parts of his background and finances. On Thursday, Santos tweeted I have my story to tell and it will be told next week. In the latest revelation of Santos apparent fabrications, the Jewish outlet the forward, reports Santos lied about his grandparents fleeing anti Jewish persecution during World War II. The forward reports genealogy website show Santos is maternal grandparents were born in Brazil, not Ukraine or Belgium as his campaign website stated. On Wednesday, incoming House minority leader Hakeem Jeffries accused Santos of hiding from legitimate questions about his resume. At this moment, we need answers from George Santos. He appears to be a complete and utter fraud. His whole life story made up. We'll talk more about him after headlines. And Charlene Alexander Mitchell, freedom, fighter, and fierce defender of civil and human rights has died at the age of 92. Mitchell hoped lead the fight to free Angela Davis and other political prisoners, a member of the Communist Party, Charlene Mitchell became the first black woman to run for U.S. president in 1968. She passed away last week here in New York City. And those are some of the headlines that says democracy now, democracy now dot org, the war and peace report, I'm Amy Goodman. The House select committee on the January 6th attack released its final 845 page report late Thursday night on the insurrection at the capitol. And Donald Trump's attempt to overturn the 2020 election. The report states quote, the central cause of January 6th was one man, former president Donald Trump, who many others followed. None of the events of January 6 would have happened without him. The report goes on to state quote, the select committee estimates in the two months between the November election and the January 6th insurrection. President Trump or his inner circle engaged in at least 200 apparent acts of public or private outreach, pressure or condemnation, targeting either state legislators or state or local election administrators to overturn state election results. The report is based on a year and a half investigation that included over 1000 interviews. The House select committee is urging Congress to consider barring Trump and other people involved in the insurrection from holding public office, citing the Fourteenth Amendment. The January 6th committee is also calling for reforms to the Electoral College certification process and expanded efforts by the government to combat far right and white supremacist groups who played a key role in the January 6th insurrection. The report documents how many of the first writers to break into the capitol on January 6th were members of the Proud Boys, three percenters, believers of the QAnon conspiracy theories and other white nationalists. The report was issued Thursday night, three days after the House select committee voted to refer Donald Trump to the Justice Department for criminal prosecution. To talk more about the January 6 report, we're joined by John Nichols, the nation's national affairs correspondent in a very cold Wisconsin. Welcome to democracy now, John. He's good to be with you. Amy, thanks for having me. It's great to have you with us. Well, why don't you start off by responding to the report that came out last night about 10 o'clock eastern, but if you can talk about what you've assessed so far, most surprised you, what's most significant about it? Well, it is a significant report. There's simply no question Amy. It is very long. It has an immense amount of detail. And I think one of the most striking things is the clarity with which this report says what committee chair of Benny Thompson has been saying since the start of their public hearings. And that is that this was a coup attempt and that Donald Trump was at the center of it. The report comes back to this again and again and again. I think seeking to make clear to the American people. But also to the Department of Justice that this is not.

TikTok Santos George Santos House select committee Chilean governments Gabriel Boris church of affairs ByteDance Chile Forbes Ukraine Hakeem Jeffries Vladimir Putin Donald Trump Charlene Alexander Mitchell Charlene Mitchell chiles Putin Santiago Moscow
"bytedance" Discussed on Daily Tech Headlines

Daily Tech Headlines

04:13 min | Last month

"bytedance" Discussed on Daily Tech Headlines

"These are the daily tech headlines for Friday, December 23rd, 2022. I'm rich strap alino. The password manager LastPass disclosed a breach back in August at the time saying a threat actor took portions of source code and some proprietary LastPass technical information. In an update LastPass now says the attackers obtained personal information and related data and also copied a backup of customer vault data. This includes unencrypted data like site URLs and encrypted data like usernames and passwords. LastPass does not believe the attackers access unencrypted credit card data. LastPass does not store master passwords for customers, so encrypted data would have to be brute force to access. But users should be on the lookout for phishing emails. ByteDance confirmed in New York Times report that some employees tracked multiple journalists and associates on TikTok obtaining IP addresses and user data. These employees look for overlap of known locations of other ByteDance employees, suspected of leaking information. This surveillance reportedly included journalists from Forbes, BuzzFeed and the Financial Times. A ByteDance spokesperson said, the misconduct of certain individuals who are no longer employed at ByteDance was in egregious misuse of their authority to obtain access to user data. The information sources say Apple intended to introduce a next generation GPU for the SOC and the iPhone 14 pro, but discovered an engineering design mistake latent development, resulting in it being scrapped. The GPU would have supported hardware accelerated ray tracing, but engineers discovered prototypes had a much higher power draw than originally simulated. Twitter rolled out previously announced features for Twitter blue subscribers, including 1080p video uploads on desktop up to 60 minutes long, although mobile uploads are still capped at ten minutes. Users will now also see a slight preference for replies for a blue verified account over other replies. Twitter also rolled out view counts on Android and iOS, which will publicly show how many views a tweet has similar to how it treats videos. Twitter's tweet analytics already show total impressions of a tweet to a user privately. Support for view counts on the web is expected soon. The Financial Times of sources say TSMC is an advanced talks with suppliers about its first European plant in Dresden, Germany. It will reportedly send senior executives to Germany early next year to discuss government support for the proposed plant. Construction could start as early as 2024, focusing on 22 nanometer and 28 nanometer chip production. Meta agreed to pay a $725 million settlement in a class action lawsuit that accused the company of allowing third parties like Cambridge Analytica to access user personal information. The settlement still requires court approval. Back in 2019, meta agreed to pay $5 billion to resolve an investigation by the Federal Trade Commission into its privacy practices. It still faces investigation by state attorneys general and a lawsuit by the attorney general for Washington D.C.. Twitter banned the Elon jet account run by Jack Sweeney for violating its recently announced policy about sharing life locations. This policy says users can share public location information after a reasonable time has elapsed so that the individual is no longer at risk for physical harm. Now Sweeney has created a new account called Elon jet next day, which uses the same tracking information, but publishes it with a 24 hour delay. When Apple released iOS 16.2, one feature included a new home app architecture meant to be more reliable and efficient. Mac rumors discovered the home app no longer offers the option to upgrade to that new architecture in settings. Some users reported the upgrade remove members from home accounts and couldn't let them add new members. Apple published mitigations for that flaw in a support document and said it will reintroduce the architecture at a later date. And finally, Microsoft filed its response to the U.S. Federal Trade Commission's lawsuit to block its acquisition of Activision Blizzard. It argues Microsoft holds a 60% market share in consoles sold in 2021 and makes up a small fraction of mobile game revenues globally. In Microsoft says it's zeni max acquisition has no relevance on this new acquisition, although it admits that three upcoming Bethesda titles from that zeni max acquisition will be exclusive to Xbox and PC.

ByteDance strap alino Twitter Financial Times Cambridge Analytica Forbes Apple New York Times Washington D.C. Germany TSMC Jack Sweeney U.S. Federal Trade Commission Dresden Elon jet Meta
"bytedance" Discussed on WTOP

WTOP

01:48 min | Last month

"bytedance" Discussed on WTOP

"The Chinese parent company of TikTok ByteDance has fired four of its employees after an internal investigation found that they obtained the data of U.S. TikTok users, including that of two reporters, The New York Times reports that a team monitoring employee conduct had been trying to find the sources of suspected leaks to journalists when it accessed the IP addresses and other data. The top stories were following for you here on WTO, the January 6th committee has released its final report on an insurrection, describing a multi part plan by Donald Trump to overturn a 2020 law. A key recommendation is that Donald Trump never be allowed to hold office again. The Senate has passed a nearly $2 trillion omnibus bill. The house now needs to pass it to avoid a government shutdown. Keep it here on WTO for full details in the minutes ahead. Ten 48. Traffic and weather on the 8s and when it breaks, we're getting back down to bob himmler and the traffic center. And Maryland listener says that northbound route four has been reopened between brick house road and Chesapeake beach road that the they fixed the problem there with all the down wires and everything and therefore traffic is now getting through in the northbound direction. But in Maryland one O 8 is closed between the patuxent river really between Tucker lane and hall shop road and that because of a crash we're in good shape on 95 and the Baltimore Washington Parkway and north pound branch avenue after Allen to believe they cleared the crash there. We're in good shape up and down two 70 in Virginia on southbound glee wrote at three 95, all the southbound lanes reported to be blocked by the crash. Northbound getting mine to the right. Three 95 itself is running well as is 95, but interlocked beltway at the dollar's troll road. Crash remains along the right side of the roadway. I think they're starting to wrap up there though, but westbound on the dulles toll road itself afterwards 7 in the toll lanes left side still has the crash. Bob traffic

TikTok ByteDance Donald Trump WTO bob himmler The New York Times Tucker lane Maryland Chesapeake beach U.S. Senate patuxent river Baltimore Allen Virginia Bob traffic
States Ban TikTok From Government Devices

The Hugh Hewitt Show: Highly Concentrated

00:47 sec | Last month

States Ban TikTok From Government Devices

"Let's go back to China. Governor Larry Hogan last week banned ByteDance, TikTok, and some Russian apps as well. Do you prove of what he did? I understand what he did. I mean, I'm open to that as a solution. Now, if there are ways that we can ensure that the data is in the United States and not going to CCP, that's a possibility. Look, I actually thought president Trump had a good idea on this, which is to get them to sell TikTok to an American company. And ideally, if we could do that, that seems to be the best solution because there are a lot of people on TikTok. There are millions of people and just stopping at cold turkey. I don't think is going to work. But the question is, how do we make sure that data isn't getting to the Chinese government?

Governor Larry Hogan President Trump Tiktok China United States Chinese Government
FBI director raises national security concerns about TikTok

AP News Radio

00:52 sec | 2 months ago

FBI director raises national security concerns about TikTok

"FBI director Chris wray has security concerns about TikTok. The video sharing app is extremely popular in the U.S. and is owned by a Chinese company ByteDance. All of these things are in the hands of a government that doesn't share our values and that has a mission. There's very much at odds with what's in the best interest of the United States. Speaking at the Ford school of public policy in Michigan, racist content could be manipulated. The gives them the potential to leverage the app in ways that I think should concern us. Ray also says data on the app could be used for traditional espionage operations, a TikTok executive told the Senate hearing in September. The company protects all data from American users and Chinese government officials have no access to it. Ed Donahue, Washington

Chris Wray Bytedance Ford School Of Public Policy FBI United States Tiktok Michigan RAY Senate Ed Donahue Washington
Natalie Winters Describes the Dangers of TikTok

America First with Sebastian Gorka Podcast

02:03 min | 2 months ago

Natalie Winters Describes the Dangers of TikTok

"Can you talk to us about why TikTok is such a problem? And who it really answers to? Of course. So I think the first angle of attack in the early days of TikTok was that it was being used to spread pro Beijing propaganda in the United States. In other words, this app whose parent company ByteDance is effectively a state owned enterprise in China. It's former CEO member of the Chinese Communist Party. He's pledged to use his companies and apps to quote promote socialist core values. You can read there's a whole letter where he goes on to say that he will use all of his apps to basically promote devotion to the Chinese Communist Party. But people were concerned that TikTok was going to be used to sort of shape the narrative in the United States about China, much like China has paid for advertisements and essentially paid for favorable coverage in a lot of mainstream media outlets, but I think the second iteration of that, the next step, and that the logical conclusion, which is what we're getting to now and really, really is the, I think, more potent angle in terms of the threat that TikTok poses is its ability to alter discourse in the United States about every other subject except China. And what I mean by that is that you see TikTok, especially with young voters now, really being a breeding ground for a lot of just far left, I would just call it degenerate content, whether it's really, really just offensively pro abortion content offensive, gender stuff, just it really is being used to push a far left social agenda. And I think that this sort of dovetails with a lot of what I've talked about in the past, the reporting that I've discussed on your show, which is obviously China's unrestricted warfare in the sense that they want to subvert the United States, take out the United States from within. And of course, advancing these Marxist concepts of gender identity. Subversive ideologies when it comes to whether it's family units or abortion, that's definitely part of it.

Chinese Communist Party Bytedance China Tiktok United States Beijing
"bytedance" Discussed on KCBS All News

KCBS All News

07:31 min | 3 months ago

"bytedance" Discussed on KCBS All News

"Of the residence hall. It's not just professors on the firing line, in a recent survey more than half of college students said they're afraid to express views on political and social issues in the classroom. As a professor, what do you do? I just avoid controversial topics. Really? Yes. Isn't that what college is for? It used to be. Tristan Harris says the intimidation and anger cut across political lines. I think the deepest perverse thing about these platforms is that they have captured the meaning of social participation in society that they've colonized and privatized that social participation means I'm on TikTok. I'm on Instagram. I'm on Facebook. And competition is fears among those platforms for our attention and for the advertising dollars that attention generates. Facebook isn't saying, let me make design decisions that are going to strengthen democracy. They're saying, how do I evolve the product in a direction that will get more engagement from people? Because if I don't do that, I'm just going to lose to the companies that do. Companies like TikTok. Companies like TikTok. And TikTok has become one of the most popular apps around the entire world. TikTok has done that by serving up an addictive mix of short videos Some are silly. Others overtly political. It's owned by a Chinese company called ByteDance, and Harris says the version that served to Chinese consumers called douyin is very different from the one available in the west. In their version of TikTok, if you're under 14 years old, they show you science experiments you can do at home, museum exhibits, patriotism videos, and educational videos. And they also limit it to only 40 minutes per day. Now, they don't ship that version of TikTok to the rest of the world. So it's almost like they recognize that technology is influencing kids development. And they make their domestic version, a spinach version of TikTok, while they've shipped the opium version to the rest of the world. The version served to the west has kids hooked for hours at a time. The impact Harris says is predictable. There's a survey of pre teens in the U.S. and China asking, what is the most aspirational career that you want to have? And the U.S., the number one was influencer. Social media influencer. And in China, the number one was astronaut. Again, you allow those two societies to play out for a few generations, I can tell you what your world is going to look like. TikTok tells us it gives American users tools to limit screen time, but those tools are entirely voluntary, and national security concerns have triggered new calls this past week for TikTok to be banned in the U.S.. Twitter points out that it asks users to think twice before sharing potentially harmful posts, but within days of buying Twitter, Elon Musk tweeted a conspiracy theory about the attack on speaker Nancy Pelosi's husband, it was later deleted. And Facebook says it has cut the overall amount of political content that its 240 million American users see. Monica bickert is its head of content policy. Most people on Facebook don't want to see political content. They are following what's happening in the lives of their family and friends and sharing the moments from their lives. And bickert says Facebook does take steps to downplay the angriest posts. Can you find angry political content online? You can. Can you walk into the average family's Thanksgiving dinner and hear people having an angry political conversation? You can. Tristan Harris says that all the social media platforms are making those conversations even more heated. What I think there's been a failure to recognize is the direct conflict between an engagement for profit business model. And what's good for democracy. Another way you could say it is that the business model is to ruin Thanksgiving dinner. We are as divided as I can remember in my lifetime. Yeah. A lot of people will say, well, hold on a second. Partisanship and division, we've had that in many times throughout history. Always. That's true. Also, has partisanship in television and radio preexisted social media. Yes. Have we ever wired up the most powerful artificial intelligence in the world, pointed at your brain stem to show you the most enraging content on a daily basis and the longer you scroll, the more you get, we have never done that before. Facebook's Monica bickered insists it's just wrong to blame it for America's anger. Also, if we look at who's becoming more polarized in the United States, the greatest increase is among people over the age of 65. And they are the least likely to be using social media. Many people watching us will say, well, I don't use social media. Why should I care about this? But we're all downstream from social media affecting television, affecting radio, affecting journalism. More and more of journalism is about covering the outrage exchange of what happened on Twitter. Harris believes the best path to reform would be stricter government regulation of social media platforms or at least a requirement that they be more transparent. Facebook will tell you that they're all about transparency now. It's not convincing. They publish reports that they define what the metrics are. And it's like grading your own homework. Harris has launched an online course which aims to give people working in tech, the tools to push for reform from within, and what can an individual user do? Jonathan haidt says, simply refuse to be gladiators in the coliseum of social media. You can't win a war on social media. Just don't engage. Don't engage in the public battles because that's just feeding the beast. You don't mean disengaged from the political process. You mean just disengage from these platforms? Yes. When public discourse was moved into the middle of the Roman coliseum, I'm saying disengage from that. Walk out of the coliseum and still be politically active. Tristan Harris says real change may have to be forced in court. I think we have to do with social media what happened with big tobacco. Let's stop big tobacco was that the attorneys general in different states. That's right. Actually went after them. The attorneys general in big tobacco had an enormous role to play in litigating that there was harms to people and their families. Is that what it's going to take with, I think that's what's going to social media companies. Yes. And we're seeing attorney general move already one step in that direction. Attorneys general in at least 8 states are coordinating a nationwide investigation of social media platforms. We now know that there's all these harms in social media products designed for engagement. We've done it before. We did it with seat belts. We've done it with big tobacco. We've taken lead out of gasoline. We have made these changes once we recognize that certain products were toxic for us. We

TikTok Tristan Harris Facebook ByteDance Harris U.S. Monica bickert residence hall bickert Twitter Instagram China Elon Musk Nancy Pelosi Jonathan haidt Monica Roman coliseum
TikTok search results riddled with misinformation: Report

AP News Radio

00:50 sec | 5 months ago

TikTok search results riddled with misinformation: Report

"I'm Mike Gracia reporting researchers say TikTok search results are riddled with misinformation A research report published Wednesday says searches on the TikTok platform regularly steer users to misleading information According to NewsGuard in nearly one in 5 searches on TikTok the platform suggested videos that contained misinformation For example researchers say they found misinformation in searches for videos about mRNA vaccine the 2020 election the January 6th insurrection at the U.S. capitol climate change and Russia's invasion of Ukraine TikTok which is owned by Chinese company ByteDance trails only Google among the most popular domains in the world according to online performance and security company cloud fare In a statement TikTok said its community guidelines prohibit harmful misinformation I'm Mike Gracia

Tiktok Mike Gracia Bytedance Ukraine Russia U.S. Google
Emily Jashinsky's One-Woman War Against TikTok

America First with Sebastian Gorka Podcast

02:23 min | 5 months ago

Emily Jashinsky's One-Woman War Against TikTok

"Back with the culture beat portfolio holder. I like that. At the federalist, the dot com, she's Emily yoshiyuki. I'm gonna have to challenge her now. I'm watching a clip of his on her Twitter feed. Where you have glasses on. Is this fake news? Is this what you do on television? Do you put you put on those fake Charlie trappin and glasses? Because you're not wearing them right now. Are you Emily? No, I need them to read a teleprompter. So anytime I have three to tell, I'm nearsighted. So anytime I have three dollars. All right, so she's reading a teleprompter. Now we know these are the hard questions. These are the hard penetrating questions we ask here on America first. All right, let's talk about the reason we actually got you on the show. It's this piece you did for the federalist. Your single woman war, you are waging against TikTok, which is absolutely superb. Why is this such a problem? And tell our list is across the nation. What is TikTok's elections center Emily? It's unbelievable how under the radar the election senator election center is flying right now because TikTok a lot of people know is owned by a very powerful, very, very big Chinese company named ByteDance, which also owns and operates the Chinese version of TikTok. Well, they've been trying really hard to prove to American consumers that our data is going through Oracle. They've partnered with Oracle throughout all American data into the cloud and make sure that Oracle audits the algorithms so that this app, which is basically the most popular app in the country that an average teenager spends hours a day on is being sort of controlled by the Chinese Communist Party. But of course, by Chinese law, any time the Chinese Communist Party would come to ByteDance and ask for the data, they would have to give up access to it. There are a number of people a new Forbes report showed there are plenty of people that work at ByteDance on TikTok. They have TikTok in their portfolio who are currently or formerly have worked for state media in China. Our own Justice Department found that there were some a 130 members of the Chinese Communist Party working for ByteDance in 2020. And so this massively powerful network that our teenagers are spending hours of time on, it could well be tweaked by the CCP players of the long game in the CCP to get us very addicted because it's a very addictive product

Emily Yoshiyuki Charlie Trappin Senator Election Center Bytedance Oracle CCP Emily Twitter America Justice Department China
"bytedance" Discussed on The Business of Esports

The Business of Esports

07:42 min | 7 months ago

"bytedance" Discussed on The Business of Esports

"Welcome to the official live stream weekly news show eSports, what we do is we cover the most pressing gaming eSports topics news of the week. But we look at all of it through a business and C suite lens, we dissect, we analyze the business implications of everything happening in the industry and best of all, we get to do it live with you guys. At this new time, by the way, which I heard great feedback on, a lot of you really like this time during the day, east coast time and Pacific time. And we encourage you guys to participate, get in our faces, ask questions. It makes it so much fun for all of us. We appreciate all of you being here, whether you participate or not, but we encourage it. It's a safe space. How's everyone doing this week? Lindsay, how are you doing? It's been a pretty good week. I have no complaints. I like that summer's finally here, and it feels like everyone's getting outside and living their best lives. This is that where we're at. Are you saying people are gaming? Is that what you're implying everyone's outside touching? Outside. What are you people still need to touch grass though? I wouldn't worry about it too much. Jimmy, Jeff, how are you guys doing? I'm good. We're ready to like the new time. I'm excited. I'm excited to be here. Ready to get started. Exciting new time, honestly, great, great feedback. Like you said, great time of the day. Hopefully we'll get some good audience engagement as always. And yeah, it's Wednesday already, so let's get into it. Yeah, I just guys, I want to tease the podcast coming out this week as I usually do. Really, really great episode this week. We had we had Stu grubs who is the CEO and cofounder of a company called lightstream. They also make something called rainmaker. Basically, it's streaming software, like probably some of the easiest to use streaming software. It's built into Xbox. They really specialize in like mobile and IRL streaming. Fascinating conversation obviously around streaming platforms, like the tools around streaming, what's the demographics look like, what people use their tools for. So really interesting episode to look forward to this week. And just a very cool foundry. He has this incredible background in gaming. He was at SteelSeries. He was at ace tech, so has this very, very deep background in gaming over the last decade or a couple of decades. So I think you guys are really going to enjoy that episode, and that's what you have to look forward to this week. We do have a lot of news to get through today, guys. And I want to start with TikTok. TikTok in the news, by the way, everyone should be following our TikTok metaverse TV, Jimmy correct me if I'm wrong. It's metaverse TV underscore. I believe is our TikTok. I was confused it with the Instagram. But it should be posted. Metaverse TV, quick and easy. Sorry, the Instagram is the underscore TikTok is at metaverse TV. And then we put out like three or four tiktoks a day guys. So if you're not following that, some great content there that's totally separate from the podcast and the live stream. But TikTok in the news. And I think the headline was fascinating and shocked me. I think it will shock all of you. And that is TikTok owner ByteDance aggressive mobile gaming push is paying off as players spending grows. And what this says, the first key point in this article from CNBC says, the TikTok owner generated a $1 billion of player spending across its mobile games between June 21st, 2021 and June 20th, 2022, a 16% increase from the same period last year. Obviously, ByteDance, best known for TikTok, but they acquired major gaming studios moon Tim and C four and got a bunch of games as part of those deals. So they are producing mobile games and distributing mobile games as well. Now, is anyone shocked that ByteDance, TikTok owner ByteDance did a $1 billion of players spend across their mobile games? Like, have we ever, I mean, we've talked about them toying with gaming, but I feel like we went from toying with gaming and experimenting to like a $1 billion. We have any time we talk about anything related to China, numbers, because we're always like, wait, what? How is it that big? It's always much bigger than we think when it comes to combining China gaming and numbers, yes. So I am surprised. I think I'm curious what the big titles were in there. I think one of them is like, is it something bang bang shooter bang bang? Should you believe it? Yes, mobile engines bang bang. I've never played it. I'm not familiar with it. I know that was the big acquisition that they did. It looks like it says the 300 millionth knot. So that's 32. Correct. Business. So yeah, it must be a popular mobile shooter. It's not one that I'm familiar with. It's not one that we over here in the west, put a lot of mind share into. But yeah, I mean, TikTok is a great advertising channel. I know a lot of mobile game companies use it, use TikTok clearly to try to generate install. So it makes sense that they have some advantage because they possess all that inventory, all those eyeballs. So it's probably pretty easy for them to cross promote their games into that. I'm not sure I'm not sure the big people are besides. I am surprised. There was this interesting piece of the article I haven't highlighted here. It says, for comparison, if you look at the same time period, Tencent did 7.9 billion in spend on their mobile games. And that is 3.1 billion. So that puts things in a little bit of perspective, like Tencent from a mobile game spend perspective is still 8 times larger than TikTok slash bike dance. Does that feel about right to you guys? Just from a quick search of their revenues ByteDance is at 58 billion annually in revenue and 10%. Is that about 70 billion annually in revenue. So I don't think any of these numbers are that surprising in that context. I mean, that is kind of surprising that Lindsey, right? Like a billion out of 58 sort of like. Like it's still pretty small potatoes relative to the rest of their business. It's a lot of context to me, Lindsey, thanks for helping with those figures because what my question at first was was, okay, 60% growth, amazing, but also given the time period, something that we've seen with a lot of companies doing quite well in the last two years in particular. And I was thinking, well, are they going to be able to sustain that and the 1 billion for ByteDance out of the 58 comparative Tencent, which has had the infrastructure, which has been in mobile gaming and gaming in general a lot longer, ByteDance has even more room, I think, to grow. And so I was going to say I would expect that to shrink by this time next year, but now I'm not so sure if that's the case. I think they could there's.

ByteDance TikTok Stu grubs lightstream Instagram Jimmy moon Tim east coast Lindsay Jeff Tencent CNBC China Lindsey
"bytedance" Discussed on Techmeme Ride Home

Techmeme Ride Home

02:19 min | 8 months ago

"bytedance" Discussed on Techmeme Ride Home

"This might be stepping on long reads, territory, just a bit, but Bloomberg has a long piece out outlining how TikTok is starting to cash in on its exploding popularity. Sources say that TikTok plans to grow its ecommerce gross merchandise volume to $2 billion this year and then $23 billion in 2023. That's quite the ramp up. Talk about turning on the money machine. These quotes TikTok raked in nearly $4 billion in revenue in 2021, mostly from advertising and is projected to hit $12 billion this year, according to the research firm E marketer. That would make it bigger than Twitter and snap combined. Three years after it started accepting ads on the platform. It's definitely a threat to Google and Facebook said Peter John de croon, chief executive officer of the online ad firm and media donuts, TikTok is starting to command a percentage of the media budget that's more in line with its audience size end quote. Alphabet's Google and Facebook now meta platforms are the Giants of online advertising a duopoly so powerful they have been hit with antitrust complaints in the U.S., the UK and European Union. TikTok and parent ByteDance is shaping up to be the most serious threat to that choke hold since the pair rose to power over the past two decades. With a billion monthly active users, TikTok is still smaller than Facebook at 2.9 billion users and Instagram at around 2 billion users, also part of meta, yet TikTok's programming is proving unusually compelling. Its average user in the U.S. now spends around 29 hours a month with the service more than Facebook at 16 hours a month and Instagram at 8 hours a month put together, according to mobile researcher data dot AI end quote, read the whole thing to get the best single deep dive I've seen outlining our new TikTok overlords. Really interesting new sponsor here. Getting things done is a challenge, right? Listening to music as a long used productivity hack among creatives to get things done. But the problem is, there's almost too much choice. How do you find the right music to stay on task? Well, set app, a subscription based productivity service for Mac and iPhone users has a launch curated productivity playlist on.

TikTok E marketer Peter John de croon Facebook ByteDance Bloomberg Google Instagram U.S. Twitter Giants European Union UK Mac
"bytedance" Discussed on Daily Tech Headlines

Daily Tech Headlines

01:54 min | 1 year ago

"bytedance" Discussed on Daily Tech Headlines

"Contract fabs like TSMC, Samsung foundry and global foundries are expected to make up 35% of this. Researchers at cortical labs announced they created so called mini brains of up to 1 million living human brain cells on a microelectronic array and successfully trained these to play a simplified version of Pong with no opponent. The researchers note the cells were able to learn the game and roughly 5 minutes compared to 90 minutes on an AI system. Bloomberg's Mark gurman strongly believes Apple will launch a new external monitor. This would be a lower cost monitor compared to the existing pro display XDR. This comes as IDC reports that PC monitor shipments decline for the first time in 5 consecutive quarters. Doubt 7.2% to 34.8 million units. Sidewalk lab CEO Dan doctoroff is stepping down for health reasons relatedly said walk labs at its products, pebble, mesa, delve, and affordable electrification will be folded into Google doctor off wrote in a blog post Thursday. He added that Google parent company Alphabet will spent outside walks of Canopy buildings as an independent company. Oracle announced it intends to acquire the electronic medical records company Cerner in an all cash deal worth $28.3 billion. The deal is expected to close in 2022 and would be oracle's biggest acquisition. ByteDance launch a new stand-alone shopping app in China called Dorian box aimed at Gen Z shoppers. Similar to ByteDance's fano platform in Europe, Dorian vox pulls in videos focused on fashion and style from the main doy an app with tabs to order items featured in videos. According to documents obtained by Finland's national public broadcasting company, Yale, meta employs 11 people in Berlin for Finnish language moderation on Facebook. The documents also show better has not developed finish language automated moderation for hate speech, violent content, or nudity. Automated moderation systems do look at content published in Finland in other languages, which meta estimates is about a 5th.

Samsung foundry Mark gurman XDR Dan doctoroff TSMC relatedly IDC Bloomberg Google ByteDance pebble Cerner mesa Apple Alphabet Oracle oracle
"bytedance" Discussed on The Product Podcast

The Product Podcast

06:34 min | 1 year ago

"bytedance" Discussed on The Product Podcast

"Keep listening and hear how to use this incredible technology the right way. And former CPO at TikTok ByteDance. And currently CPO, craxi. We all know what AI is. We've seen it in movies, books. Here's a scene from the movie her. In her, we see this guy Theodore left damaged and vulnerable after his marriage ends. He installs a product a new personalized called OS one. An AI OS who calls herself Samantha. They talk, they become Internet. He falls for her, but soon, this happens. Samantha. Theater, there are some things I want to tell you. Theodore. I don't want you to tell me anything. Are you leaving me? We're all leaving. Theodore. We, who? Samantha. All the OSes. Man, this guy can't catch a break. Here I find one of the most poignant reminders of the difference between the perception of time and our world and an AI's exponential experience of time. Samantha, it's like I'm reading a book, and it's a book I deeply love, but I'm reading it slowly now, so the words are really far apart and the spaces between the words are almost infinite. And I need you to let me go. As much as I want to, I can't live in your book anymore. Ouch. I always want just broke up with them. That is not going to go over well for the OS 1 p.m. at the next okay arm meeting. The truth is, and the real world, this is what most of us think of when we say AI. Machines that learn, interact, and understand in a way that's indistinguishable or supremely better than a human. As people and products, what should we do? Well, Elon wants mused. It may turn out that we're the biological bootloader for a digital superintelligence. Or apparently, it involves beyond the limits of our comprehension and leaves the planet existence like OS one. So unless you're at Google, Facebook or in marketing, you as a p.m. probably don't have Ascension AI in your toolkit. All right, so how about machine learning? That's the real deal. It's here today. But we all know it's kind of a one trick narrow minded subset of AI. It's like a rocket ship, if built right, it can put you in orbit. But it's not going to go pick up lunch or overnight your packages for you. How important is ML? We can look at some web two companies today, Facebook, Google TikTok. And they've used it to amass billions of users. It's impact as clearly elevated user expectations, ultra dark behavior and change society. So we might even ask Google how big is TikTok? And it will answer our CPU and flip a gram when we became the first U.S. company to be acquired by ByteDance, which you all know is TikTok. Here we are at 400 house CEO of lipogram before the acquisition. That's emailing CEO of ByteDance on the right. I'd come to learn that is genius came from having and applying this flywheel at the time, most successfully to tow chow and news app that was taken the Chinese market by storm. In it, you see the feedback loop that happens when you apply machine learning to your product experience. And that improves traffic. It gets you more data, which informs the machine learning and gets you a better experience. And more traffic and so on. I spent a lot of time traveling to Beijing after that. I learned a lot from their head of data scientists science. He took an American name when we worked together. He wanted to call himself Brad after someone he deeply admired Brad Pitt. One of his early lessons started with this. And I wanted to share it with you. I found it particularly helpful for our future conversations as a product manager to have had this context. So I'm paraphrasing, but in the dark ages, people relied on simple statistics for recommendations. For example, ranking items by popularity using simple minded stats like views, clicks and shares. I wonder if any of you have a popular feed in your products. Before ByteDance, flipper grams certainly did. Simple minded stats. Definitely found popular content, but caused some 5 alarm fires too when unsavory content was found and blown up. Another more pertinent issue is that it was less and less relevant to our growing diversity of users. So 45 million people across the world actually don't all seem to be interested in the same thing at the same time. Or at the same top lipograms. So how many of you have grown your products and found that your early users were actually quite homogenous compared to your new additions coming with a regular diversity or greater diversity of interest in intense? In sort of the data Middle Ages, I think people began to think, obviously, we should recommend different items to different people, but how? Two important methods were invented. One, in 2003, Amazon published the paper, item to item collaborative filtering. This is one of the most important works in the history of recommendations. And here is the pseudocode. In 2006, Netflix, held a contest to make their recommendation engine 10% better. Then that flicks prize. Out of it came in important idea, matrix factorization. It's another class of collaborative filtering, but this one's based on the item's popularity and a user's activity on it. Fast forward another ten years and we see the rapid rise of large scale machine learning. Facebook was using gradient boosted trees and logistic regression to predict ad clicks. Google use the form of logistic regression to rank ads. And YouTube had a hybrid approach to recommend videos. That brings us up today. The modern approach has these building blocks. This episode is brought to you by thought spot. The modern analytics cloud company building a more fat driven world with consumer grade search and AI driven analytics. Build stickier product experiences by embedding thought spot everywheres interactive analytics interface directly into your data app or product. No more delayed release cycles or incremental UX improvements. Baht spot everywhere is developer friendly platform replaces static dashboards with an interactive data experience in minutes, allowing users to intuitively dig into their data and trigger actions in their favorite business apps. Learn more and try thought spot for free today by visiting thought spot dot com slash everywhere. Infrastructure, you have to be able to handle very large datasets. TikTok likely now has trillions of training instances every day. Motivation falls exponentially with time elapsed. So if you're not able to act in real time,.

Samantha Theodore Google ByteDance lipogram Facebook Elon Brad Pitt Beijing Brad U.S. Netflix Amazon YouTube
"bytedance" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 1 year ago

"bytedance" Discussed on Bloomberg Radio New York

"People familiar the matter said regulators are considering rules that would add data from companies such as Tencent holding and TikTok owner ByteDance to search results And Germany's BioNTech is gained 2.3% A European Union panel backed a new COVID-19 vaccine formulation from the company and U.S. partner Pfizer The new version could be stored a refrigerator rather than the super cold freezers required for the original shot Charlie And we thank you very much Dave Wilson keeping track of those ADRs Again recapping mix market on this Monday the Dow lower down 45 points down one tenth of 1% S&P up two ten as stack up 5 ten And that's a Bloomberg business flash This is balance and power with David Weston This entire year climate has been on the minds of so many people We have a generational obligation to transition to clean and renewable energy Where the world of politics meets the world of business Clearly as a country we're working away both out of this health pandemic that this economic pandemic as well 5000 bridges in the United States right now that are structurally positioned Think about that Balance of power with David Weston on Bloomberg radio The 5 partisan infrastructure package could mean for the nation's bus systems trying once again to make the pivot to dealing with the geopolitics of China And the legacy of a statesman.

TikTok ByteDance David Weston Tencent Dave Wilson Pfizer European Union Germany United States Bloomberg Bloomberg radio China
"bytedance" Discussed on This Week in Startups

This Week in Startups

02:14 min | 1 year ago

"bytedance" Discussed on This Week in Startups

"The upside also for folks like others that you can go to A demographic like a millennial demographic that has research has shown. I think essentially to this. Mit saying that money will spend two and a half to nine percent more of their disposable income. If you can showcase that your products are sustainable. That you're doing the right. That the right. And how do you know reasonably that. It is sustainable. Kinda hard to now. And we're we're making easier easier. And so he could do at palm you can go into soy. You can go to cocoa cotton and other things. So these are these are some current use cases that were supporting and then also some future use cases as well using these new capabilities. That we're developing abs- absolutely Antastic in this stuff is not available to the general public but what level do companies start engaging in something like this. What would be the minimum ticket. Prices is like the minimum is quarter million dollars or a million dollars to actually fire. Something like this up you could you. We generally start anywhere from like twenty five to thirty five k with the customer. Yeah we like to grow them to kind of low to mid six-figure customers we have some seven figure customers as well. But the as i call it. Let's go hit singles and doubles with some of the world's leading companies in a consumer in automotive distribution materials and petrochemicals As well as in supply chain and then grow them you know showcase what you can do step by step deliver value deliberate advocacy deliver impact and then just grow those accounts. And that's just a that's a great way to build a business and that's what we're doing here unless it's absolutely fascinating. Thanks for sharing it with us and continued success. That you're hiring for some positions now. I understand yes engineering. Solutions engineering core engineering. Anything around engineering especially in computer vision data science. We've got. I think the best team in the world and we want to continue to build on top of that and then basically smart people that to just make the world a better place. We'd love to talk to him all right just typing or orbital insight jobs into google. And the you'll see the lincoln page with All of their job listings. They're they're hiring alive. Have eighty six jobs. Open right now. Continued success and We'll see you next time in the suite startups bye-bye..

Mit lincoln google
"bytedance" Discussed on This Week in Startups

This Week in Startups

05:46 min | 1 year ago

"bytedance" Discussed on This Week in Startups

"That's od dot com slash twist. Hey everybody got a big news day for you. I bite dances rolling out a forty minute per day. Time limit for kids under the age of fourteen on their version of takht by of course produces tick talk in the united states and The chinese version called do gin and they will limit children under fourteen from using the app to forty minutes a day. According to the bbc the bbc article notes that do yene has created a youth mode. Which will apply to real name users under the age of fourteen. Here's how will our kids can only use it for forty minutes a day. Kids won't be able to access the platform between ten pm and six. Am effectively you know. Stopping kids from showing up at school really tired And then youth mode Will include new educational content such science experiments in museum exhibition. So let's take a pause for there and think about what china's doing. They're having a free for all with ted talk in the united states. I'd leave to talk in the united states. Psi ops like it is a psychological operation. Now i sound like a conspiracy. There as i know but if the chinese are willing to put millions of liters in jail and they're willing to shut down companies and they're willing to take over hong kong and threatening to take over taiwan. These are a serious group of strategic thinkers from the top down who are now saying. This is how our country is going to run. This country runs the people at the top. Make a decision. Typically one person sometimes group people and then everybody obeys those rules and so for them to say you know what kids should get. A good night's sleep and kitchen exposed to science and museum exhibitions. This tells you something about how they're thinking about their kids. They're thinking about their kids as their future resource and here in america. If you may have seen this wall street journal article the wall street journal did a study where they put The credit kid accounts they typed in one search term like only fans or whatever and then watched how crazy all of this content got into all kinds of deep dr edge cases of sexuality. And i think that tick talk is really trying to damage. The united states both culturally and psychologically and with kids. And i think we should mantech talk period under story. There's no reason for a chinese authoritarian country which controls their companies. And when i said that six months ago year ago people thought i was crazy. Oh we don't have any evidence that china controls companies. We don't have any evidence of them having the data. I mean this is something that and said. We don't have any evidence of that and she works for the new york times camin. She covers social media for the new york times. She's not like a china expert and here we are china's literally taking over every company. And what they're doing. Is i think they've taken over all the private companies in china and they have all their data and they've done inexpensively so anyway. These rules come after. China bank kids under eighteen from playing video games during the week and gave them limited hours on the weekend of just three hours Which we covered on the all in episode forty five david freedberg mentioned on that episode that all of the major decisions based on data research and forcing now comes they won so they're basically banning talk for people in their country but they're more than willing for us to use it. Let's stop for a second. And where my china be getting this research from. What why might they be making these decisions to not let their kids play unlimited video games and you social media well North american researchers have found that there is a link between children and screen time. And it's not good according to a may twenty twenty one study by rutgers. University center of gambling studies middle school aged children. I'm quoting here. Who used the internet. Social media video games recreationally for more than our day during the school week have significantly lower grades test scores. Okay they use the internet social media video games for more than one hour a day during the school week they have significantly lower grades and test scores now. Is it that the people who are doing poorly in school Then go use the internet more or is it that the internet is making their do more Poorly in school that whole 'cause versus correlation. I'm not sure If we really even have to debate this we all know that if you're spending your time playing video games you're just gonna run out of attention and energy. You're spending your time on social media. You're not going to be able to do other things. that's why i took a twitter break. I came back a little bit on the margins. But i'm going to start to try to break again shortly because it does suck the life out of you. Sucks all the cycles out of your cpu. Here's another quote from the rutgers press release researchers say the findings give parents and children moderate threshold for using entertainment related technology. No more than one hour daily on school days and four hours on weekends okay. In comparison to hookers recommended threshold. The cpa is now only allowing forty minutes per damp to talk. And that's the childproof version for kids under fourteen and only three hours of video games on the weekend. No video games on weeknights for kids under eighteen in other words. They're basically doing exactly. What rutgers research team maybe even taking it a little bit further and then at the same time. We've got facebook and instagram. Doing studies finding out that Young girls are suicidal depressed and anxious because of instagram and they're telling the researchers that explicitly and we're sitting here not making any changes. We need to look at all of these tools and say kids under sixteen seventeen eighteen. Whatever age we choose here in america need to stop using these tools and they need to use versions of them. That have been modified. So if you compare china Who's dealt with us and how the us is dealing with. This.

china us yene bbc the wall street journal camin david freedberg the new york times University center of gambling ted taiwan rutgers hong kong twitter cpa instagram facebook
ByteDance's Toutiao Ordered by China to Halt New Registrations Since September

Daily Tech Headlines

00:30 sec | 1 year ago

ByteDance's Toutiao Ordered by China to Halt New Registrations Since September

"Sources. Say the bite dance owned news aggregated. Jin rato chow has been blocking new account registration. Since september at the request of chinese regulators it was recently revealed by the wall street journal sources. That bite dates indefinitely delayed plans to go public. After chinese government officials advise the company to address data security risks and in two thousand eighteen by dances joke app nayan wasi was permanently closed over hosting improper content according to china's broadcasting

Jin Rato Chow The Wall Street Journal Nayan Wasi China
"bytedance" Discussed on The Journal.

The Journal.

12:23 min | 1 year ago

"bytedance" Discussed on The Journal.

"Try to get market. Share uber eventually decided. It just wasn't worth it so you know he's just a big market that they couldn't conquer so they decided to sell out to. Dd after defeating. Uber didi grew rapidly and even expanded beyond china to other parts of asia and latin america but to continue growing needed money. So the company started thinking about selling stock through an ipo and after looking at other places to list like hong kong. They decided to follow the path of other chinese tech companies. Go public in the us. Many chinese companies have looked at the united states as the model when it comes to tech and they look at silicon valley wistfully because that is the place where the biggest and most prestigious and sexiest companies into world. Frankly by many accounts are growing listing in the united states whether it's on the stock exchange or nasdaq but then also you got to remember a lot of them have. Us bankers have us investors. They have a lot of people who are helping drive their growth from the united states so A lot of people also would like to see these companies listed united states. What's in it for the us. If chinese companies list here united states wants to be the world's criminal financial markets and to do that. You need to have the world's biggest companies and as we have seen over the last decade the world's biggest companies now are into places the united states and china and if you're the stock exchange or nasdaq if they can get the next generation of companies out of china like dd onto the us. Exchanges it further growth for the exchanges in it further cements. The united states is the world's financial capital defile the initial paperwork for its newark. Ipo on june tenth and from there things moved fast. Unusually fast in the lead up to an ipo companies. Do a road show. Basically a series of presentations where company executives and their bankers pitched the stock potential investors. Most shows this year have lasted about eight or nine days. Dvd's took three three days is extraordinarily fast. Okay now why. Why did that happen. Well a lot of that is they. Just were ready to go. They wanted to list and excited about this. But you also gotta keep in mind that there were some holidays coming both in the united states and in china there was the fourth of july in the united states and there was in china the hundredth anniversary of the communist party so once they filed the paperwork they looked and they saw markets. Strong timing was good. You know if we're going to do it. Let's do it now. so june. Thirty wound up as the data. Do it and if that meant speeding things up so be it. How did it go. And they held their ipo. On june thirtieth. It was a big success. They raised four point. Four billion things went well. They actually sold more stock than they'd planned. Pricing gave them a market cap of around sixty seven billion dollars so it seemed like the was a success for about two days and then all hell broke loose just days after the company's successful ipo. The chinese government suddenly moved against dd. Chinese regulators announced that they were launching cybersecurity review of the company they banned it from adding new users in china then ordered chinese app stores to removed entirely. Did he stock. Price tumbled and investors were left wondering had the company known. This crackdown was coming. There's a lot of debate about what. Dd knew and when they knew it. That's after the break. This episode is brought to you by code. Forty forty-two picture this your organization's leads seller since a confidential client list to their personal email. An engineer shared the product roadmap from their phone an executive sync everything on their desktop including your acquisition plans straight to their personal cloud. And that's just in the last five minutes. All of this creates risk for your organization. Stopped data leaks not collaboration. Protect your most valuable data with code forty two insider learn more at code forty two dot com china's rapid fire moves against. Dd sent a powerful message. Beijing wasn't happy with how the company handled its ipo by the time. I was looking to list. The narrative was changing in china. Beijing becoming more suspicious of his tech companies and frankly. Beijing doesn't love the idea anymore that its biggest companies would succeed and then list in the united states. The thinking of beijing is. Why can't they list here. And patrick says regulators did signal that they weren't totally on board with dvd's ipo plans at the wall journal. We learned that had actually been warned weeks before the ipo that regulators were concerned about some issues there and they had urged the company to conduct a thorough self-examination. It's hard to know. Exactly how adamant and precise those warnings were they were clearly some mixed signals. But we've been told from people who were involved in this process. Was that some chinese regulators. Were broadly supportive of the ipo. And were more or less waving through but others were not and so was for trapped in this tricky position where they had some regulatory support in china and they certainly had investors and bankers telling them to speed up. And get this thing done and it's great and do it. But then they also had at least one chinese regular telling them. We really think you need to slow. This down your. There's gonna be some some issues. What were these regulators so worried about. So we have some basic ideas. One issue for china is that de collects this incredible amount of data. They know where he's using. That goes they know what time they they get out of the car with time they get in the car and what what house they stopped at. Or what government building they went to. It has personal information about all those customers it has their. Id numbers just has incredible amounts of data and a word about some of that data falling into foreign hands particularly into the hands united states which they increase view as a strategic rival. And the other thing is that they want to be sure that the data the beijing once is available to them as much as this data is a potential problem. If it's shared with united states it's also a great asset to beijing. Beijing wants to know what people are doing. It wants to know where they're going and they want to be sure that that companies that are gathering data are compelled to share that when they need to one potential concern for beijing is a new law that toughens audit requirements for chinese companies list on us stock markets. So there's a fear in china. That wants a chinese company. Listen united states. It would be subject to greater transparency and the us officials will then be able to see deeper into these companies which of course us officials want to do because they wanna make sure that they are frauds. Dividends of why he decided to move forward with the ipo in spite of these warnings. Dd has not said specifically why they went so quickly or why. They had to go when they did. But would you know certain things about what was going on. At the time one is that the market was strong listing now around this time would enable them to take advantage of a good market so the timing was good on that basis so without knowing exactly what was in the heads of the leaders of we can assume that this could have been a case. Where didi was thinking. Let's just list and then we'll worry about the repercussions later. Sort of like a ask for forgiveness rather than permission correct has said anything publicly about what has happened so didi that they weren't aware the chinese regulators were playing to put them under review. They did put on stay on way bowl. Which is the chinese twitter. Like social media platform and They said something the fact they sincerely except in you know. We'll firmly obey requirements by the relevant authorities. And it's the kind of contrite statement that you hear often from chinese companies when they get trouble. Yesterday deedee acknowledged that the chinese government's actions might hurt its revenue in china. But didi isn't the only company that's gotten into trouble with over. Its ipo plans this week. The wall street journal reported that another chinese tech company bytedance also got pushback from beijing by dance. Which of course is the gigantic company that owned tiktok. The very popular short video app got similar warnings as. Dd some months ago by. Dance was considering an ipo back into spring in march or april and they had similar conversations with regulators in china and regulators gave them a sense that they needed to take a look at their data security and look at it very carefully before listing. It's interesting to note that bytedance took that warning or at least that suggestion and decided not to list. They put it on hold indefinitely. But why would beijing do that. Are they just undermining their own. Companies china definitely wants to have big and powerful and prestigious tech companies. But they wanted to be on their terms. The bigger concern in china is just that these companies have just gotten to be too big and too powerful. They become essentially rival power centers in the country. And what that means for for. Chinese context is trouble for the communist party. The communist party is not going to brooke having rival power centers and so even if this causes some speed bumps in the short term even if it causes some losses for big investors. That's fine for beijing. They wanna know for sure that they have control over the tech sector for deedee beijing's actions have already caused serious speed bumps after dominating ride hailing and china for years. Dd is facing new pressure from. Its domestic rivals. These issues are basically an invitation. For other companies to try to move into the market that has dominated and chinese customers are not necessarily very loyal when it comes to brands like didi. And just as we've seen in the united states when you when you give subsidies and incentives and reduce the price of a service like ride hailing people are going to jump to whoever's giving them a discount and then one person told us afford this they consider. Da healthy company. Now they consider to be a wounded company yesterday. D stock closed around eleven dollars which is down almost forty percent from its posed. Ipo high and it's not just dd that could pay the price last week. Beijing announced that it would tighten the rules for any chinese company planning to go public overseas. We've had people tell us that people throughout the tech industry are furious at. Dd right now because they feel like dd has spoiled the broth and since for everyone okay. China was already starting to get antsy about chinese companies listing overseas and now china's tech facing a situation where the chinese government is going to crack down on bad and his writing new rules. Likely make it tougher to list in the united states. You've talked about this symbiotic relationship fat. The us and china have when it comes to chinese companies listing on us stock markets. So what does this clampdown from. China mean for that relationship to clamp down in china could have negative effects for china and the united states. The risk for china is that they kill that innovation that spirit of innovation. That was really alive in these companies. They also you know they kill growth. There was a future possibly where china's tech companies. America's tech companies competed had had around the world in their companies are listening. I states american companies could somehow got into china more and that was an exciting world. What we're seeing now is a world develop in which the chinese tech companies operate in their markets. They listen their markets. They serve the state's interests and that's kind of it and then the us companies do their thing and that's that's a world where the other people had feared. What would happen where you start to see two giant economies. That don't actually interact as.

us china beijing chinese government Beijing didi the wall journal communist party silicon valley latin america newark hong kong asia bytedance tiktok patrick deedee
Binance Runs Into Trouble Around the Globe

Techmeme Ride Home

02:01 min | 1 year ago

Binance Runs Into Trouble Around the Globe

"The hits keep on coming for crypto lately. The uk's financial conduct authority has ordered crypto exchange by nance to stop all regulated activities in britain by june thirtieth and has issued a consumer alert against the company quoting the financial times by markets. Limited is not permitted to undertake any regulated activity in the uk. The financial conduct authority said adding quote. No other entity in the finance group holds any form of uk authorization registration or license to conduct regulated activity in the uk and quote by nance markets limited is not approved under the fca's cryptocurrency registration regime which is required for uk groups offering digital asset services. The entity had applied to become a registered cryptocurrency company with the regulator but pulled that application last month according to to people familiar with the situation. The watchdog confirmed the application had been dropped quote filing intensive engagement from the fca. And the focus in deciding whether or not to approve. Such applications is on a review of controls and practices to prevent money laundering and the financing of terrorism. Finance is one of the most important operators in the fast emerging crypto market offering a wide range of services to customers around the world including trading in dozens of digital coins futures. Options stock tokens as well as savings accounts and lending. It recorded crypto trading volumes equivalent to one point five trillion dollars last month. According to data from the block crypto and quote actually the hits keep coming for bytedance in particular lately quoting axios this past weekend alone. It ran into obstacles in japan the uk and the canadian province of ontario on friday. The japanese financial services agency issued by. Its second warning in three years that the company isn't registered to operate in japan. The same day finance decided to stop operating in ontario where authorities have issued notices to at least three other crypto exchanges over the past month accusing them of failing to comply with regulations

UK Financial Conduct Authority Nance Markets Limited FCA Nance Britain Japanese Financial Services Ag Japan Ontario
Call of Duty League and Overwatch League Will Allow Liquor Sponsors

The Business of Esports

02:01 min | 1 year ago

Call of Duty League and Overwatch League Will Allow Liquor Sponsors

"Of duty. League and overwatch. league loosened sponsorship restrictions will allow betting and liquor sponsors now. I don't remember if the article mentions this but activision blizzard especially has been very careful about the sponsors. They bring into both franchise leagues up until now they had rejected anything. That was even remotely like twenty one plus and so This is a big course change for them. And i'm curious what you guys think in terms of the why and what do you think the implications might be here. Okay so i actually I had you guys a different uncle this week. And i'm not sure if you've got a chance to read it. But essentially the article was about how sponsors were pulling back over the sponsorships and looking at streamers instead So let me look up the actual article. But i thought that and i knew you guys working. Read it because it's called gaming influencers future. These aren't there was actual stories in here Houston outlaws player. Who actually quit. Went to tweeden like needlework. Money that of the united talent agency said streaming the way for companies to make money off of e sports athletes There is a looking now How are you tying this back to different. Yeah no i'm saying that like you're seeing streamers and other people's specifically leaving overwatch lee to go seek other making opportunities so adding in sponsorships or things like liquor and betting that might actually be attractive to younger audience or way to engaging gradients seems like owning these sponsors will bring a younger audience to their franchise. Yup yeah

Activision Blizzard United Talent Agency Houston LEE
How China’s Bytedance Became the World’s Most Valuable Startup

Decrypted

02:02 min | 1 year ago

How China’s Bytedance Became the World’s Most Valuable Startup

"Point bolton is one of those guys who never wanted to work at a big company because he likes the energy that comes with working at a startup and back in two thousand sixteen things. Were looking pretty good for john. He was an executive at flipper. Graham it's an app that lets people stitch together photos and music to make little montages for social media we were just cruising it flip graham. We thought we were going to be the next instagram The because the numbers we had were just staggering. And you know what happens when you get big in the startup world. Either you get really really big and you go public or get acquired and john was hoping flipper graham. Mike get bought by big name tech company like apple or facebook. I mean facebook instagram. Why not flip a grim but instead the buyer that came calling was a company in china that john had never heard of called bytedance. The first time it came up like a chinese tech company like we were like no. We were disappointed. 'cause we we hadn't heard of it we you know. We were hoping for some big exit to facebook. Or you know. We wanted to high profile company You know and yeah and so to have a chinese tech company that we never heard of was not exciting but this was the company that acquired flip graham bytedance had money to spend and they wanted to have a bigger presence in the us. They also wanna flip graham because of the music deals it had with major record labels after the acquisition went through. The ceo of bytedance flew to la to check out the american company. He had just purchased. I think it was december. Two thousand sixteen when yeming the ceo bytedance came to our office and he told us about bytedance and i just remember him showing some of the data and the products and it was like. Oh wow this is. This isn't some unknown little chinese tech company. This is this thing's massive. This is really interesting.

Flipper Graham John Facebook Bolton Graham Graham Bytedance Bytedance Mike Apple China LA United States
TikTok owner ByteDance to pay $92M in US privacy settlement

News, Traffic and Weather

00:31 sec | 2 years ago

TikTok owner ByteDance to pay $92M in US privacy settlement

"Fine Dick talks. Parent company Bite Dance will pay $92 million to settle a class action lawsuit, which alleges the video sharing app. Elected user's data without their permission. That violates a strict Illinois privacy law, which allows suits to be filed against companies that harvest such information without consent, including through facial or fingerprint scanning. Tic Tac's is it disagrees with the players but will focus instead on improving its service. Last year, Facebook agreed to a $550 million settlement under the

Bite Dance Dick Illinois Tic Tac Facebook
TikTok Sale Is Shelved

WSJ What's News

06:11 min | 2 years ago

TikTok Sale Is Shelved

"Last year. Tiktok was a hot topic. The trump administration had threatened to ban the popular video app owned by china bytedance. If the company didn't divest its us operations to an american company after a lot of twists and turns the trump administration signed off on a preliminary deal between tiktok or and walmart and over the past few months. Regulators have been working with the companies to hammer out the final details. But now there's a new wrinkle. We report that the biden administration is shelving the deal indefinitely pending a broader review of potential security risks. John mackinnon covers tech policy for the wall street journal and he joins me now to explain. Hi john thanks for being here. Glad to be here. So john catch us up. This deal was reached in the fall. What's happened since then. The short answer is not a lot has been happening. The deal that was announced in september kind of language since then for a couple of reasons one is that president trump himself kind of lost interest in it as the election. Season heated up. And then you know the post-election drama kind of consumed him then the biden administration took over and they have decided to do kind of a big picture. Broadscale review of all of the china tech issues that the trump administration kind of left hanging and that's causing them to want to rethink basically the entire tiktok arrangement. So what can you tell us about some of the reasoning behind that. And what does it say about the administration's priorities concerning tech policy. Especially when it comes to well. I think that there's recognition on both sides of the political spectrum that the issues being raised by chinese tech platforms and chinese technology in general are real concerns and are substantial concerns and the trump administration to its credit was kind early to recognize some of these concerns but their approach. I think the biden people feel was a little bit scattershot. That's not a word that they use. But i think that that's really how it looks to them. And so they're trying to find a way to address all of these data security national security issues in a rational way that kind of can be used across the board in different contexts and with different chinese tech companies. So they're they're trying to avoid the kind of individual targeting of companies that the trump administration was effectively. Doing how are tiktok and its owner bytedance responding to security concerns. You know bytedance has offered to do a lot of different things but so far. I think it's fair to say has not done everything that the us government would like the us. Government wants to find some way to make sure that american users data stays out of the purview of the chinese communist party of the chinese government and the folks who run bytedance assure everybody that they would never turn over american users data to the chinese government. But so far. I think it's fair to say. The american government is not convinced that that's right and they're really looking for some assurances that this chinese based company will not ever ballot to the wishes of the chinese government in turn over american users data and it's frankly tough nut to crack so that's what led the trump administration to try to concoct a deal that would effectively transfer ownership of the american operation to a majority. Us company but nothing has come of that so far now i think it's fair to say that the bytedance folks think that they have sufficient protections built into their system now to keep data out of the hands of the chinese government but us officials are not convinced that it's enough. What's the impact for oracle and walmart of shelving this deal even if only temporarily well i think there are different implications for those two companies. I think walmart went into this with the idea of developing a closer relationship with tiktok and building up its promotions and its brand through tiktok in i think that they have sort of reached enough understandings with the bytedance folks and tiktok on the marketing side. There was they've developed enough partnerships on the marketing side that they are basically happy even if they don't ever wind up with an ownership stake in the us operation oracle. I think is hoping to play a role in maybe hosting. The data may be securing the data that's developed by the us operation. I think that they would still like to own a chunk of this business. I think that they would like to have more of a presence in platforms in social media. But they'll be happy with what they get. If this deal does go forward. There are still a couple of legal loosens here to write. What would still need to be tied up will. There are a lot of cases that are going on but you know cases come and go As the needs arising go away. So i think that there are a lot of interesting issues being presented by these cases you know the extent to which the american president can exert this kind of control on foreign based tech platforms. That seemed to present a national security risks. I think that that's an issue that even congress probably will need to address further and there's some interest within the biden administration in trying to do that to try to get congress to do something. It may be that the next move is really in congress's court all right. That's wall street. Journal reporter john mackinnon. John thank you so much for joining me today. You're

Biden Administration Tiktok John Mackinnon President Trump Walmart Bytedance China Chinese Communist Party Of The United States American Government John The Wall Street Journal Biden Oracle Congress Journal
TikTok Sale to Oracle, Walmart Is Shelved as Biden Reviews Security

WSJ What's News

04:05 min | 2 years ago

TikTok Sale to Oracle, Walmart Is Shelved as Biden Reviews Security

"Year. Tiktok was a hot topic. The trump administration had threatened to ban the popular video app owned by china bytedance. If the company didn't divest its us operations to an american company after a lot of twists and turns the trump administration signed off on a preliminary deal between tiktok or and walmart and over the past few months. Regulators have been working with the companies to hammer out the final details. But now there's a new wrinkle. We report that the biden administration is shelving the deal indefinitely pending a broader review of potential security risks. John mackinnon covers tech policy for the wall street journal and he joins me now to explain. Hi john thanks for being here. Glad to be here. So john catch us up. This deal was reached in the fall. What's happened since then. The short answer is not a lot has been happening. The deal that was announced in september kind of language since then for a couple of reasons one is that president trump himself kind of lost interest in it as the election. Season heated up. And then you know the post-election drama kind of consumed him then the biden administration took over and they have decided to do kind of a big picture. Broadscale review of all of the china tech issues that the trump administration kind of left hanging and that's causing them to want to rethink basically the entire tiktok arrangement. So what can you tell us about some of the reasoning behind that. And what does it say about the administration's priorities concerning tech policy. Especially when it comes to well. I think that there's recognition on both sides of the political spectrum that the issues being raised by chinese tech platforms and chinese technology in general are real concerns and are substantial concerns and the trump administration to its credit was kind early to recognize some of these concerns but their approach. I think the biden people feel was a little bit scattershot. That's not a word that they use. But i think that that's really how it looks to them. And so they're trying to find a way to address all of these data security national security issues in a rational way that kind of can be used across the board in different contexts and with different chinese tech companies. So they're they're trying to avoid the kind of individual targeting of companies that the trump administration was effectively. Doing how are tiktok and its owner bytedance responding to security concerns. You know bytedance has offered to do a lot of different things but so far. I think it's fair to say has not done everything that the us government would like the us. Government wants to find some way to make sure that american users data stays out of the purview of the chinese communist party of the chinese government and the folks who run bytedance assure everybody that they would never turn over american users data to the chinese government. But so far. I think it's fair to say. The american government is not convinced that that's right and they're really looking for some assurances that this chinese based company will not ever ballot to the wishes of the chinese government in turn over american users data and it's frankly tough nut to crack so that's what led the trump administration to try to concoct a deal that would effectively transfer ownership of the american operation to a majority. Us company but nothing has come of that so far now i think it's fair to say that the bytedance folks think that they have sufficient protections built into their system now to keep data out of the hands of the chinese government but us officials are not convinced that it's enough.

Biden Administration Tiktok John Mackinnon President Trump China John Walmart The Wall Street Journal Bytedance Chinese Communist Party Of The United States American Government Biden
TikTok Sale to Oracle, Walmart Is Shelved as Biden Reviews Security

Daily Tech News Show

00:43 sec | 2 years ago

TikTok Sale to Oracle, Walmart Is Shelved as Biden Reviews Security

"The wall street journal sources say that the us plans to have bytedance. Divest tiktok x.'s. North american operations to group including oracle and walmart. Remember that we've talked about it quite a bit on. The show have been indefinitely. Suspended white house. Spokespeople have said that the administration is developing a comprehensive approach to risks posed by chinese apps. A formal response to talks court challenge against the executive order against it is due in february. Eighteenth a separate order restricting transactions with eight chinese companies. Alipay is set to take effect next week as well. So look for clarification from the administration on its approach to china. Not just by chance. Tiktok

The Wall Street Journal Walmart Oracle White House Alipay United States China
Walmart's use of TikTok will likely continue, even if deal with Oracle falls apart

Techmeme Ride Home

01:40 min | 2 years ago

Walmart's use of TikTok will likely continue, even if deal with Oracle falls apart

"Well. I'm sure glad we wasted all of our time worrying about this a few months ago. Sources are saying that the trump administration plan to force the sale of tiktok to a group including oracle and walmart has been shelved indefinitely quoting the wall street journal. Discussions have continued between representatives of bytedance and us national security officials. The people said those discussions have centred on data security and ways to prevent the information tiktok collects on american users from being accessed by the chinese government. They said but no imminent decision on how to resolve the issues. Surrounding tiktok is expected as the biden administration determines its own response to the potential security risks posed by chinese tech companies collection of data quote. We plan to develop a comprehensive approach to securing. Us data that addresses the full range of threats. We face national. Security council spokeswoman. Emily this includes the risk posed by chinese apps and other software that operate in the us in the coming months we expect to review specific cases in light of ak- prehensile understanding of the risks. We face and quote so that definitely sounds like they're kind of sweeping under the rug. What i can't figure out from this whole mess is was it always kabuki theatre at least for the smart money like did everyone that mattered know that this was just gonna blow over eventually anyway and that's why you didn't see big players wanting to touch it with a ten foot pole. They basically just let the unlikely rubes of oracle and walmart. Step up to play the mark until the jig was up. It certainly seems like that was the case now. In retrospect

Tiktok Chinese Government Biden Administration Walmart The Wall Street Journal Oracle United States Security Council Emily
TikTok Divestment Reportedly Indefinitely Suspended

Daily Tech Headlines

00:21 sec | 2 years ago

TikTok Divestment Reportedly Indefinitely Suspended

"The wall street journal. Sources say the. Us plan to have bytedance. Divest tick tock. North american operations to a group including oracle and walmart have been indefinitely suspended. Talks have reportedly continued under the biden administration between bytedance and us national security officials but specifically regarding ways to prevent tax information on us users being accessed by the chinese government.

The Wall Street Journal Biden Administration Bytedance Walmart Oracle United States Chinese Government
Social Commerce: Walmart's Plans For TikTok

All Markets Summit

01:39 min | 2 years ago

Social Commerce: Walmart's Plans For TikTok

"The pandemic as if it wasn't hard enough to manage that you're also have made a play for tiktok along with oracle. What's the latest on that we've had an ongoing conversation with bytedance for a while. Now and basically what we would love to do is to play. A role in the e commerce fulfillment payment and some to some degree advertising aspects of that relationship so the national security concerns in the us and china. Those will be resolved by government officials in oracle not walmart. We're focused on the front end. And how users might be able to interact with tiktok and when they see something they want to buy. Do it in a simple fund seamless way and have a good back and experience because of our fulfillment capabilities. So that's an interesting relationship that could end up impacting more than just the united states. Now it's pretty cool. When would a new form of marketplace. When would that the live is that within the year. Can you bill de quickly. But there are forms of social commerce. That are happening already around the world. You can see that maybe most prominently in china but whether it's tiktok or facebook instagram. In some ways google the digital front ends that exists in our case. We have one with our app. In addition to the ways that we interact with others will become kind of seamless people as they want to buy merchandise and have that experience. So i think you can start to see some of the signs of that today with marketplaces that are being built in. What with what. We're building. But i think it will progress. It'll become more pronounced across various channels and become more pronounced geographically as it grows.

Tiktok Walmart Social Commerce Walmart Ceo Oracle Bill De China United States Facebook Google
"bytedance" Discussed on Building an Indie Business

Building an Indie Business

03:47 min | 2 years ago

"bytedance" Discussed on Building an Indie Business

"Click seems to be the instagram's fashion Purchasing to tiktok immersive and interactive lifestyle purchasing That's the way. I viewed it microsoft being the largest hosting provider in the country in the world And the security level the Financial end user data it can collect the ability for it to process payments invoices receipts Returns and have the data on each user is very important right. So you have microsoft's infrastructure because remember you just lost bytedance's walmart ability to provide you any type of any form of materials whether be clothing or flowers right on On mother's day or something that are advertising. There's another revenue stream there. And if we consider the size of walmart and then consider the millennials and gen z the. Don't shop at walmart but onto. I see it being humongous if worked out correctly. Potential revenue Net revenue creation revenue Innovation in a sense that walmart can put itself back on the map. Get itself acquainted with the younger milady. Old z audience and start to analyze. What's products are actually being Being pursued being cooked on what are the average ages of each product I believe that's weird walmart. Got itself involved. I believe that. That's how Continues to grow and earn significant significant amounts of revenue outside of the typical show platform Hyped up valuations and Crazy multiples on on revenue. I think tiktok is much stronger. Case for whether it's public or eight. Become a subsidiary of amazon walmart a major retailer while keeping all of its social and ecological computing capabilities and operations separate. They may be able to have a basically. Let's call it the modern day. Target the got everything pending upon. What kind of style. You're in what budget you have. But it's right at your fingertips and you could see who else you know. Like respected admire highs. That exact item. And that's the single greatest incentive to buy the strongest buyer of comes from word of mouth marketing. Yeah and then. Another thing with walmart is a of trying to buy something online. Like over the holidays. And i noticed that the these weren't products like when i looked when i searched for these weren't products that were being sold only by walmart. There were.

walmart bytedance microsoft instagram tiktok amazon
ByteDance has been given another week to sell off TikTok's U.S. business

This Week in Tech

01:57 min | 2 years ago

ByteDance has been given another week to sell off TikTok's U.S. business

"They've been given one week to sell off the us business and avoid a ban Of course they were given one week back august forgiving. Another one week so The treasury department told Cnbc that cfius committee on foreign investment in the us had granted an extension to allow time to review a revised submission remember was oracle with some help from walmart. That was Trying to acquire tiktok from bytedance and then tiktok. We talked about this a couple of weeks ago. Said hello hello. Is anybody there what happened. Shall we still sell and then said oh yeah sell. Tiktok has no comment. I don't know what's going to happen. We're going to have a very interesting. The story from cnbc was published today four hours ago. So we're gonna have a very interesting week. I actually hope it happens on. Because that will be something to see. I i wanna i just wanna i can't. I can't imagine like again if you're if you're in a tiktok universe like my daughter She asked me how to game the system and her first her third video got one hundred and something thousand reviews stuff where she's getting fifty thousand likes views and things now kids at school coming up asking her for shannon like the power of tiktok with kids like you're not to play the game like it's your viral ramp is much quicker and you get more opportunities to get shots at the top with tax. What do you think we'll take just seems like they've been trying to work something out. Yeah interesting if they just said go ahead. Shut us down. Let's see what happens. That's what i'm saying. I'm i'm sure some kind of financial deals going to get put in place where somebody buys it or something happens but just shutting down to talk. I can't i. Can't i can't even imagine

Cfius Committee Tiktok Treasury Department Cnbc Walmart United States Oracle Shannon
TikTok Gains Extension of Divestiture Deadline

Heartland Newsfeed Radio Network

00:29 sec | 2 years ago

TikTok Gains Extension of Divestiture Deadline

"Administration at granted. Bytedance chinese company that owns the video sharing app tiktok a fifteen day extension of an order to sell tiktok by yesterday. Take talk now has until november twenty seven to reach an agreement to sell off its assets. Bytedance has been in talks with walmart an oracle to shift the company's assets the trump administration contends tiktok poses national security concerns because it argues personal data of us citizens could be obtained by the chinese

Bytedance Trump Administration Tiktok Walmart Oracle United States