TikTok has over a billion users and counting. Recently there’s been a lot of talk about the national security threat that such a large user base owned by a Chinese company poses and now the US government has just passed a bill banning TikTok all together. So how did TikTok turn videos of synchronised dancing and lipsyncing into a multi-billion dollar business? And is the company’s Chinese ownership really as dangerous as governments would have us believe?
Since this episode was recorded US President Joe Biden signed a law that would ban TikTok unless it was sold within a year. The measure formed part of a bill providing foreign aid to Israel, Ukraine and Taiwan and stipulates that the parent company ByteDance must sell its stake in TikTok in 12 months under the threat of being shut down.
Guest: Jen Leake for Rear Vision