TikTok’s U.S. fate hangs on D.C. regulators
Written by Black Hot Fire Network on January 9, 2023
Illustration: Natalie Peeples/Axios
TikTok enters 2023 facing deepening doubts in Washington about its future in the U.S. thanks to its ownership by China-based ByteDance.
Why it matters: The short-video colossus now dominates the American social media landscape, raising concerns among lawmakers, competitors and users over data security, privacy and freedom of speech.
The big picture: Every social media company must navigate these same issues in both the U.S. and the EU — but only TikTok carries the albatross of foreign ownership at a moment when . . .