FT News Briefing The TikTok divide
Apr 19, 2023
Rupert Murdoch’s Fox settled a massive defamation case for $787.5 million, stirring conversations about accountability in media. Bank of America defied banking turmoil with impressive first-quarter profits, but plans to cut 4,000 jobs. Meanwhile, China is experiencing an economic rebound, driven by a booming electric vehicle market and recovering property prices. The debate over TikTok continues, with unusual allies—young activists and politicians—uniting against potential bans, highlighting a deep generational divide.
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TikTok Divide
- There's a generational divide in the TikTok debate, with younger users and older politicians clashing.
- Politicians are concerned about data privacy, while young users value the platform.
Data Concerns and Bans
- Concerns about data access by the Chinese government are partially valid for any company in China.
- However, a blanket ban on TikTok may be excessive, resembling China's internet controls.
Data Protection Laws
- The EU's GDPR provides a legal framework for data protection, unlike the U.S.
- This difference shapes the TikTok debate, allowing arbitrary application of rules in the US.