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

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2 years ago

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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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What to expect for IPO markets

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21 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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