Tag: Tiktok CEO

TikTok’s CEO Is Set to Enter a Washington Fight He Can’t Win
23Mar By adminNo Comments
Technology

TikTok’s CEO Is Set to Enter a Washington Fight He Can’t Win

[ad_1] TikTok's ownership by a Chinese company, and the national security risk that could pose to the viral video app's users, have drawn most of the attention ahead of the CEO's testimony to Congress. But Chief Executive Officer Shou Chew is prepared for a variety of questions, including about kids' mental health, from a House committee Thursday.The mobile app's 150 million users in the US and the strength of its content-recommendation engine mean any infraction is viewed as a potential societal threat. Lawmakers have spent the better part of this year warning about the risks posed by a platform intended for short, often silly videos. In Thursday's US House Energy and Commerce Committee hearing, they'll have one person at whom they can direct those fears. Here's what you need to know....
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Snap Can’t Count on a TikTok Ban to Help It Recover
23Mar By adminNo Comments
Technology

Snap Can’t Count on a TikTok Ban to Help It Recover

[ad_1] Snap Inc. shares need more than the talked up possibility of a TikTok ban to recover from a near 70% slump in the past year.TikTok Chief Executive Officer Shou Chew testifies before Congress this week, seeking to head off a US prohibition of the Chinese-owned platform that would provide a timely boost for the Snapchat owner. TikTok CEO Will Tell Congress China Has No Sway Over US AppWhile a ban would present the opportunity to grab advertising share, larger social-media peers may be better placed to take advantage in a slowing market where competition for ad dollars is fiercer than ever. And in any case, such an outcome looks a long shot: Eric McNew, portfolio manager at Summit Global Investments, puts the chances of a ban at only 10-15%. “Snap operates in such a saturated marke...
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U.S. lawmaker wants TikTok CEO to detail actions to protect kids
17Mar By adminNo Comments
Technology

U.S. lawmaker wants TikTok CEO to detail actions to protect kids

[ad_1] The chair of a U.S. House of Representatives panel wants TikTok CEO Shou Zi Chew to address questions next week about the popular Chinese-owned video app's efforts to protect children from inappropriate content and potential exploitation.Chew will be appearing for the first time before Congress when he testifies before the House Energy and Commerce Committee on March 23. Committee Chair Cathy McMorris Rodgers, a Republican, said Thursday lawmakers "need to know what actions the company is taking to keep our kids safe from online and offline harms." McMorris Rodgers and other Republicans in December wrote TikTok saying said "many children are exposed to non-stop offerings of inappropriate content that TikTok's algorithm force-feeds to them." They also raised concerns that TikTok ...
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TikTok CEO to testify before U.S. Congress over security concerns
31Jan By adminNo Comments
Technology

TikTok CEO to testify before U.S. Congress over security concerns

[ad_1] TikTok Chief Executive Shou Zi Chew will appear before the U.S. Energy and Commerce Committee in March, as lawmakers scrutinize the Chinese-owned video-sharing app. TikTok Chief Executive Shou Zi Chew will appear before the U.S. Energy and Commerce Committee in March, as lawmakers scrutinize the Chinese-owned video-sharing app. Chew will testify before the committee on March 23, which will be his first appearance before a congressional committee, said Representative Cathy McMorris Rodgers, the Republican chair of the panel, in a statement on Monday. The news comes as the House Foreign Affairs Committee plans to hold a vote next month on a bill aimed at blocking the use of TikTok in the United States over national security concerns. "ByteDance-owned TikTok has knowingly a...
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TikTok CEO says Content Moderation Vital, Elon Musk and Twitter heading down a risky path
16Nov By adminNo Comments
Technology

TikTok CEO says Content Moderation Vital, Elon Musk and Twitter heading down a risky path

[ad_1] The chief executive officer of hit video app TikTok suggested Elon Musk and Twitter Inc. are heading down a risky path. The chief executive officer of hit video app TikTok suggested Elon Musk and Twitter Inc. are heading down a risky path.Shou Zi Chew, whose company has come under fire from US officials, emphasized the importance of investing in sufficient staff to handle content moderation and security. He made the comments in response to questions about whether TikTok could operate effectively if it fired half its staff, the way Twitter has under Musk. “I hope that day never comes,” Chew said with a laugh at the Bloomberg New Economy Forum in Singapore on Wednesday. “The way we are organized is one where we don't need to lay off half the workforce to achieve the efficiency le...
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Big Setback! TikTok Ad Sales Target Slashed By $2 Billion After Tech Downturn
9Nov By adminNo Comments
Technology

Big Setback! TikTok Ad Sales Target Slashed By $2 Billion After Tech Downturn

[ad_1] TikTok has slashed about $2 bn off its target for 2022 ad revenue, underscoring the fallout of a global downturn. ByteDance Ltd.'s TikTok has slashed about $2 billion off its target for 2022 ad revenue, underscoring the fallout of a global downturn that's hammered fellow internet giants from Google to Meta Platforms Inc.TikTok Chief Executive Officer Shou Zi Chew told a handful of employees during a recent meeting that the Chinese-owned app has slashed its ad forecast for 2022 to $10 billion from at least $12 billion previously, according to a person briefed on the matter. The revision didn't include smaller business segments such as e-commerce, the person added, asking to not be identified discussing private information. The downsized ambition reflects a pullback in marketing...
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