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

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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”.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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