As the days go by TikTok business is becoming more vulnerable in the United States. Last week CEO Shou Zi Chew was at the end of serious interrogation from lawmakers, senators from various parties, and other government officials as they want answers to various questions about the social media giant.
One of the main questions has to do with basic data protection and privacy laws.
Given the fact TikTok’s parent company ByteDance has close ties to the Chinese government, they are wondering how close is TikTok with this relationship. Given the decaying relationship between Washington and Beijing at the moment, this doesn’t help TikTok’s case either to prove that they walking a straight line.
The trust between both superpowers is in such a state right now that don’t be surprised to see TikTok being banned or over-regulated out of the US market.
To speculate a bit there are probably other invisible hands at play as well, I am sure Facebook, Twitter, and others are watching TikTok closely to see what might be the end result and how they can adjust and capitalize on the company’s demise if and when that happens.
TikTok currently has over 150 million monthly users from the US which is a pretty healthy number for a social media company. TikTok seems like a social media company that is on the verge of taking over while older companies ran out of ideas and innovation.
But like all things these days, there is more to the story and Washington seems to have more than one reason to be concerned about TikTok given the upcoming standoff they have with China.
