TikTok defends ownership, claims Chinese company just has 1% stake

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Social media platform TikTok went on the defensive Wednesday following a House Oversight Committee hearing that discussed its ownership.

Federal Communications Commission Chairman Brendan Carr asserted there is"virtually no distinction" between TikTok and its Chinese parent company when Rep. Bob Gibbs asked him about its ownership during the hearing. Carr is the senior Republican on the FCC, having been nominated by former President Donald Trump and unanimously confirmed by the Senate.

"So it's pretty obvious and clear that the Chinese Communist government has access to TikTok," Gibbs responded. — TikTokComms July 14, 2022 "This assertion about our ownership is mistaken," TikTok's Communication team responded on Twitter."As described in our letter to Sen. Blackburn , a Chinese state-owned enterprise has a 1% stake in a different ByteDance subsidiary called Beijing Douyin Information Service Limited, not in TikTok's parent company."

 

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tiktok USA block TickTock.

tiktok ….and that 1% mines information.

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