Index Investing News
Friday, June 26, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

TikTok CEO testifying before Congress Thursday

by Index Investing News
March 23, 2023
in World
Reading Time: 4 mins read
A A
0
Home World
Share on FacebookShare on Twitter

Shou Zi Chew’s testimony comes at a crucial time for the company, which has acquired 150 million American users but is under increasing pressure from U.S. officials.

WASHINGTON — The CEO of TikTok will make a high-profile appearance Thursday before a U.S. Congressional committee, where he’ll face a grilling on data security and user safety while he makes his own case for why the hugely popular video-sharing app shouldn’t be banned.

Shou Zi Chew’s testimony comes at a crucial time for the company, which has acquired 150 million American users but is under increasing pressure from U.S. officials. TikTok and its parent company ByteDance have been swept up in a wider geopolitical battle between Beijing and Washington over trade and technology.

Chew, a 40-year-old Singapore native, is making a rare public appearance to counter the volley of accusations that TikTok has been facing. On Wednesday, the company sent dozens of popular TikTokers to Capitol Hill to lobby lawmakers to preserve the platform. It has also been putting up ads all over Washington that tout promises of securing users data and privacy and creating a safe platform for its young users.

Chew plans to tell the U.S. House Committee on Energy and Commerce that TikTok prioritizes the safety of its young users and deny allegations that the app is a national security risk, according to his prepared remarks released ahead of the hearing.

TikTok has been dogged by claims that its Chinese ownership means user data could end up in the hands of the Chinese government or that it could be used to promote narratives favorable to the country’s Communist leaders.

“We understand the popularity of Tiktok, we get that,” said White House press secretary Karine Jean-Pierre at a press conference Wednesday afternoon. “But the President’s job is to make sure again that the Americans, national security is protected as well. ”

For its part, TikTok has been trying to distance itself from its Chinese origins, saying that 60% percent of its parent company ByteDance is owned by global institutional investors such as Carlyle Group. ByteDance was founded by Chinese entrepreneurs in Beijing in 2012.

“Let me state this unequivocally: ByteDance is not an agent of China or any other country,” Chew said.

A U.S. ban on an app would be unprecedented and it’s unclear how the government would go about enforcing it.

Experts says officials could try to force Apple and Google to remove TikTok from their app stores, preventing new users from downloading it as well as preventing existing users from updating it, ultimately rendering it useless.

The U.S. could also block access to TikTok’s infrastructure and data, seize its domain names or force internet service providers like Comcast and Verizon to filter TikTok data traffic, said Ahmed Ghappour, a criminal law and computer security expert who teachers at Boston University School of Law.

But a tech savvy user could still get around restrictions by using a virtual private network to make it appear the user is in another country where it’s not blocked, he said.

To avoid a ban, TikTok has been trying to sell officials on a $1.5 billion plan called Project Texas, which routes all U.S. user data to domestic servers owned and maintained by software giant Oracle. Under the project, access to U.S. data is managed by U.S. employees through a separate entity called TikTok U.S. Data Security, which employs 1,500 people, is run independently of ByteDance and would be monitored by outside observers.

As of October, all new U.S. user data was being stored inside the country. The company started deleting all historic U.S. user data from non-Oracle servers this month, in a process expected to be completed later this year, Chew said.

A number of Western countries including Denmark, Canada, and New Zealand, along with the European Union, have already banned TikTok from devices issued to government employees, citing cybersecurity concerns.

In the U.S., the federal government, Congress, the armed forces and more than half of states have banned the app from official devices.

David Kennedy, a former government intelligence officer who runs the cybersecurity company TrustedSec, agrees with restricting TikTok access on government-issued phones because they might contain sensitive military information or other confidential material. A nationwide ban, however, might be too extreme, he said. He also wondered where it might lead.

“We have Tesla in China, we have Microsoft in China, we have Apple in China. Are they going to start banning us now?” Kennedy said. “It could escalate very quickly.”

Chan reported from London.



Source link

Tags: CEOCongresstestifyingThursdayTikTok
ShareTweetShareShare
Previous Post

Sanofi stock rises as Dupixent shows benefit in lung disease smokers, meets phase 3 goals

Next Post

Jewel Claims Her Mom Embezzled Over $100 Million of Her Money, Left Her $3 Mil in Debt

Related Posts

Access Denied

Access Denied

by Index Investing News
June 24, 2026
0

Access Denied You don't have permission to access "http://www.wtol.com/article/news/nation-world/northern-california-earthquakes-redwood-valley/507-7539e59c-7f27-4e16-841f-10924e0c4ab7" on this server. Reference #18.aee43e17.1782318025.ad4c9767 https://errors.edgesuite.net/18.aee43e17.1782318025.ad4c9767 Source link

Russia frees 24 Filipinos after Marcos talks with Putin

Russia frees 24 Filipinos after Marcos talks with Putin

by Index Investing News
June 20, 2026
0

MANILA, Philippines -- Russia has freed 24 Filipinos who have been detained for months without charges in a Siberian city,...

Singer Bonnie Tyler faces long road to recovery after emerging from induced coma

Singer Bonnie Tyler faces long road to recovery after emerging from induced coma

by Index Investing News
June 16, 2026
0

Listen to this articleEstimated 2 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We...

June Snow returns to the Alps; Oregon’s June frost — Earth Changes — Sott.net

June Snow returns to the Alps; Oregon’s June frost — Earth Changes — Sott.net

by Index Investing News
June 12, 2026
0

Passo Gardena in Italy’s Dolomites, June 11.June Snow Returns To The AlpsHigh Alpine passes have slipped back toward winter.On June...

Bangladesh FM praises Russia-built nuclear plant as ‘monument of cooperation’ — RT World News

Bangladesh FM praises Russia-built nuclear plant as ‘monument of cooperation’ — RT World News

by Index Investing News
June 8, 2026
0

Foreign Minister Khalilur Rahman also expressed interest in space and nuclear energy collaboration in talks with Sergey Lavrov Bangladesh has...

Next Post
Jewel Claims Her Mom Embezzled Over 0 Million of Her Money, Left Her  Mil in Debt

Jewel Claims Her Mom Embezzled Over $100 Million of Her Money, Left Her $3 Mil in Debt

Banks Under Pressure As Markets Brace For Hindenburg Research Another Big Target

Banks Under Pressure As Markets Brace For Hindenburg Research Another Big Target

RECOMMENDED

rethinking retail to serve both consumers and independent retailers

rethinking retail to serve both consumers and independent retailers

April 1, 2026
Uncovering the Patterns Behind Falling Rents in Sprawling Cities

Uncovering the Patterns Behind Falling Rents in Sprawling Cities

September 17, 2024
Theta Capital Administration Raises Over 5 Million for Fund-of-Funds Focusing on Early-Stage Crypto Startups

Theta Capital Administration Raises Over $175 Million for Fund-of-Funds Focusing on Early-Stage Crypto Startups

May 21, 2025
Argentine Oil Subsidiary YPF Luz Powering Bitcoin Mining Activities With Residual Gas – Mining Bitcoin News

Argentine Oil Subsidiary YPF Luz Powering Bitcoin Mining Activities With Residual Gas – Mining Bitcoin News

October 4, 2022
What financial stimulus? – Econlib

What financial stimulus? – Econlib

September 25, 2024
Swiss turn to right at election as immigration fears weigh By Reuters

Swiss turn to right at election as immigration fears weigh By Reuters

October 22, 2023
‘Sanctuary’ Stars Margaret Qualley and Christopher Abbott at their Most Alluring

‘Sanctuary’ Stars Margaret Qualley and Christopher Abbott at their Most Alluring

May 26, 2023
High mortgage rates send homebuyers scrambling for relief

High mortgage rates send homebuyers scrambling for relief

November 24, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In