Previous Close | 0.8300 |
Open | 0.8000 |
Bid | 0.8000 |
Ask | 0.8200 |
Strike | 9.00 |
Expire Date | 2023-07-21 |
Day's Range | 0.7600 - 0.8000 |
Contract Range | N/A |
Volume | |
Open Interest | 4.52k |
TikTok CEO Shou Zi Chew testifying before the House Committee on Energy and Commerce Thursday, facing a grueling line of questions from members of both parties about social media app's relationship with the Chinese Communist Party. Both parties mounting concerns about the security of American users' data on the platform, though New York Congressman Jamaal Bowman telling Yahoo Finance's Rachelle Akuffo those concerns are overblown. The Democrat going on to say that any potential threats posed by TikTok are already happening on other social media platforms.Key Video Moments0:40 Moving too quickly on a TikTok ban1:05 These problems are already present on other social media platforms2:10 Facebook looked the other way on election interference3:33 We have to get our own house in order7:55 GOP wants to scapegoat TikTok instead of winning on issues
TikTok CEO Shou Chew was seemingly unable to convince members of the House Commerce Committee that the app is safe to use.
TikTok is one of the world's most popular social media platforms, but it's also controversial because it's owned by the Chinese tech giant ByteDance. Its critics claim that as long as ByteDance is subservient to the Chinese government, TikTok can be used as a powerful tool for gathering data on its overseas users and swaying public opinion. Three years ago, the Trump administration proposed to either ban TikTok or force it to sell its U.S. subsidiary to an American company.