New rules from the Chinese Commerce Ministry define what appear to be core parts of TikTok’s algorithm as “sensitive technologies.” The change likely means that any sale of TikTok would have to be approved by Beijing.
TikTok’s brand-new CEO, poached from Disney, quits as Walmart and Microsoft team up to buy it.
On the same day that Facebook CEO Mark Zuckerberg defended his company by saying it is “proudly American,” and that it competes against China’s “version of the internet,” TikTok CEO Kevin Mayer slammed Facebook for copycat products and for attacks that are “disguised as patriotism.”
Kevin Mayer, who transformed Disney into a streaming powerhouse, is leaving to become the CEO of TikTok, a Chinese social video app that has surged in popularity and drawn scrutiny from U.S. lawmakers.
Kevin Mayer, who transformed Disney into a streaming powerhouse, is leaving to become the CEO of TikTok, a Chinese social video app that has surged in popularity and drawn scrutiny from U.S. lawmakers. Mayer will also be the COO of ByteDance, the Chinese conglomerate that owns TikTok.