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TikTok admits former employees accessed U.S. journalists’ data

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Tiktok reveals it accessed user data to track down U.S. journalists

The Financial Times has discovered that four employees on the TikTok’s internal audit team—accessed data for a Finanical Times and Buzzfeed journalist, plus a number of other users connected to those journalists.

The Investigation into internal leaks found that the employees were trying to locate the sources of leaks to reporters.

Two of the employees were in the US and two were in China, where TikTok’s parent company, ByteDance is based.

ByteDance says it has fired four employees who accessed the data for accessing the IP addresses and other data linked to the TikTok accounts of a reporter from BuzzFeed News and Cristina Criddle of the Financial Times.

Forbes claims that ByteDance tracked three of its reporters who previously worked for BuzzFeed News.

All three of those publications have published reports on TikTok, including on its alleged ties to the Chinese government. 

“The misconduct of those individuals, who are no longer employed at ByteDance, was an egregious misuse of their authority to obtain access to user data. This misbehavior is unacceptable, and not in line with our efforts across TikTok to earn the trust of our users,”

Bytedance said in a statement to Variety.

 “We take data security incredibly seriously, and we will continue to enhance our access protocols, which have already been significantly improved and hardened since this incident took place.”

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France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


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Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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