TikTok bytes back at explosive Forbes report claiming it tracks U.S. citizens

Published

2 years ago

October 21, 2022

Brittany Coles

Is Tiktok tracking data of U.S. citizens?

Business magazine Forbes says yes – which has made TikTok furious

The social media giant has shut down the explosive report.

Concerns have been raised about the data TikTok collects

But the social media giant has denied a Forbes report that a China-based team at its parent company ByteDance planned to track the locations of U.S. citizens

TikTok took to twitter to say it has never been used to “target” the American government, activists, public figures or journalists.

Adding that TikTok doesn’t collect precise location data from US users.

It follows a report by Forbes that says data would have been accessed without users’ knowledge or consent.

The U.S. business magazine cited documents it had seen, reporting ByteDance had planned to collect location data from U.S. users.

TikTok’s team said the report lacked “journalistic integrity”.

U.S. Federal Reserve announce rate cut, show great confidence in economy

Published

2 hours ago

September 19, 2024

ticker NEWS

The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

Money

Markets brace for potential 50-point fed rate cut

Published

2 days ago

September 17, 2024

ticker NEWS

Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

Money

Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

3 days ago

September 16, 2024

ticker NEWS

Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner