Business Maverick: TikTok deal remains elusive as Biden administration works to solve data concerns

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The Biden administration and TikTok are working on an agreement that would let the video-sharing site keep operating in the US, but negotiations have stalled over concerns that the company’s Chinese ownership poses a national security threat, people ...

Once reached, the agreement would allow the platform to continue operating in the US, though it would place additional restrictions on how data from US users is stored, said the people, who asked not to be named discussing a national security matter.

The deal still needs to be cleared by some agencies that make up the committee, including the Justice Department, the people said. The department’s No 2 official, Deputy Attorney General Lisa Monaco, is concerned the agreement doesn’t go far enough to keep the data of US users safe from Chinese actors, one of the people said.

Regulators and lawmakers have long feared that Chinese authorities could access US user data via TikTok. These anxieties were revived after a report by BuzzFeed in June that US user data had beenThe same day as the BuzzFeed story, TikTok said it was routing all US user traffic through Oracle Corp’s cloud, and that the database giant is auditing its algorithms.

China hawks on Capitol Hill are expected to criticise any agreement that stops short of forcing the sale of the platform to a US company. Senator Josh Hawley, a Missouri Republican,Treasury Secretary Janet Yellen last week urging her to require TikTok to sever all ties with Chinese companies and to force ByteDance to divest itself from TikTok.

 

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Chinese state owns a stake in Bytedance that owns Tik Tok. The chinese version of Tik Tok is censored and content controlled for Chinese youth. China influences the algos that stream harmful content to western kids, this has been established. Keep your kids off it.

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