“ TikTok's acceptance has due to the fact skyrocketed in the US, where
the application has an believed one hundred million buyers.
ByteDance is operate by CEO Zhang Yiming, who established the enterprise in 2012.
Zhang's identify is rather unknown exterior of China, but the 36-12 months-outdated CEO arrives from a track record in computer software engineering and is worthy of an estimated $16.2 billion, according to Forbes.
ByteDance is now worth much more than $100 billion, producing
it the most valuable non-public organization in the environment.
ByteDance, which now owns TikTok, is a colossal Chinese tech firm headquartered in Beijing that
operates various common social networking applications. To appease concerns, ByteDance recently appointed a new CEO for TikTok, Kevin Mayer, an American ex-Disney streaming govt who is now dependent out of TikTok's Los Angeles places of work.
But TikTok's rise into the mainstream - in particular in the US - has
also led to enhanced scrutiny. Amid expanding scrutiny from the US,
TikTok has tried out to length by itself from its Chinese roots.
Per the FTC settlement, TikTok promised to delete
current data it experienced on young users and modify its practices to adhere to COPPA.
These hints at motion in opposition to the app in a single of its
greatest marketplaces could necessarily mean difficulty for TikTok's future
and the thousands and thousands of consumers loyal to its content. ”