Economist Podcasts The Intelligence: Is time up for TikTok?
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Mar 14, 2024 
Kerry and Richmond Jones, Economics correspondents at The Economist, delve into the severe economic impact of the ongoing war in Israel, revealing an $8 billion increase in military costs that strains social services. They also discuss TikTok's precarious position as U.S. legislation threatens its Chinese ownership, raising concerns over data privacy and political influence on youth. Additionally, the talk highlights shifting trends in the Maastricht art fair, where the decline of old masters is evident amidst a growing interest in contemporary art.
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TikTok Concerns
- Lawmakers worry about TikTok's data privacy and potential use as a propaganda tool.
- These concerns stem from the app's popularity and its potential influence on users.
Data vs. Propaganda
- Data privacy concerns with TikTok may be overblown, as it collects similar data to other social media platforms.
- The propaganda concern is more valid, as TikTok could be used to influence users through its algorithm.
TikTok's Defense
- TikTok has tried to address concerns by opening up its code for inspection and claiming separation from its Chinese operations.
- However, lobbying efforts and past content moderation practices have undermined their arguments.