Bay Area rapper Saweetie didn’t intend for “My Type” to come out as a single. But when a clip of the bouncy anthem about desirable (and slightly vulgar) attributes in a partner started to take off …
. The app has now surpassed 1.5 billion downloads worldwide, half of them in just the past year. Its owner, Chinese artificial intelligence firm ByteDance, is one of the world’s most valuable startups, with a valuation of $75 billion, and one of the few Chinese tech companies not at least partially owned by Alibaba or Tencent. It’s reportedly eying a Hong Kong IPO next year.
Even if TikTok is mostly full of silly dance routines, “any platform owned by a company in China which collects massive amounts of data on Americans is a potential serious threat to our country,” Sen. Marco Rubio, R-Fla., recently tweeted.Company chief Alex Zhu has tried to allay fears over the app, saying that its global data is stored in Virginia, with a backup server in Singapore, and is segregated from the rest of ByteDance.
Separately, ByteDance was found in violation of U.S. child privacy laws last February and had to shell out $5.7 million for knowingly allowing underage kids on its platform. The degree to which TikTok is censoring its U.S. content is contested. Leaked documents show that TikTok tries to keep politics off its platform, and has explicitly banned topics disagreeable to Beijing such as the Tiananmen Square massacre, Tibetan independence and the outlawed religious group Falun Gong.
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