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Snap CEO: TikTok’s Success Due to ‘Billions And Billions of Dollars’ Spent by Communist China

Speaking at the Code Conference in Los Angeles, Snap CEO Evan Spiegel gave his thoughts on how China-owned TikTok has dominated the online video market in such a short space of time. Spiegel explained how Communist China has overpowered social media through seemingly unlimited spending, saying: “What nobody had anticipated in the United States was the level of investment that ByteDance made into the U.S. market, and of course in Europe, because it was just something that was unimaginable — no startup could afford to invest billions and billions and billions of dollars in user acquisition like that around the world.”

Shou Zi Chew, chief executive officer of TikTok Inc., during an interview at the TikTok of

Chinese Company Behind TikTok to Make Computer Chips

ByteDance, the Chinese corporation that owns the video microblogging platform TikTok, announced this week that it will begin designing and producing its own computer chips with an eye toward chipsets that will maximize the performance of the company’s video software.

Tik Tok

‘996 Culture:’ Former TikTok Employees Describe ‘Crushing’ China-Style Work Culture

Former TikTok employees are criticizing the Chinese-owned company stating that they experienced an intense culture of overwork, unrealistic productivity expectations, and secrecy surrounding salaries. Among the former workers’ complaints is the company’s enforcement of “996 culture,” a management style common in China in which employees are expected to work from 9:00 a.m. to 9:00 p.m. six days a week.

TikTok app fined in US for illegally gathering children's data (© GETTY/AFP/File Joe

Lawsuit: TikTok Content Moderation Duties Cause PTSD

Candie Frazier, a content moderator for Chinese-owned social media giant TikTok, which recently surpassed Google to become the most visited website in the world, is suing the company, alleging that it did not provide a safe workplace environment and gave her Post-Traumatic Stress Disorder (PTSD).

TikTok video app

Report: TikTok Insiders Say Communist China Still Controls Direction of Company

A recent report states that despite supposed efforts to distance itself from its communist China, TikTok insiders claim that the final say for the platform often comes from parent company ByteDance in Beijing. One former staffer reportedly told Business Insider that: “It’s that feeling a little bit in the US where you’re sort of helpless to a lot of the decisions that are made out of China.”

People's Liberation Army (PLA) soldiers participate in a ceremony at the Nanjing Massacre

TikTok to Pay $92M to Settle Lawsuits over User Privacy

The Chinese-owned social media app TikTok has reportedly agreed to pay $92 million to settle dozens of lawsuits alleging that the app harvested personal data from users without consent and shared the data with third-parties, including some in China. Experts are calling it one of the largest privacy-related payouts in history.

A teenager presents a smartphone with the logo of Chinese social network Tik Tok, on Janua