Senators urge FTC to investigate TikTok over how it handles U.S. user data [MarketWatch]
Oracle Corporation (ORCL)
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Source: MarketWatch
The two top members of the Senate Intelligence Committee on Tuesday urged the Federal Trade Commission to investigate TikTok and its parent company over how it handles user data. In a letter to FTC Chair Lina Khan, Sen. Mark Warner, D-Va., the committee's chairman, and Sen. Marco Rubio, R-Fla., its vice chairman, cited recent news reports that TikTok's parent company, China-based ByteDance, has been “accessing data on U.S. users, in contravention of several public representations.” “We ask that your agency immediately initiate [an] investigation on the basis of apparent deception by TikTok, and coordinate this work with any national security or counter-intelligence investigation that may be initiated by the U.S. Department of Justice,” the senators wrote. “Additionally, these recent reports suggest that TikTok has also misrepresented its corporate governance practices.” Last month, Buzzfeed News reported that U.S. user data has been repeatedly accessed from China, raising sec
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- 5/6/24 - Form 4
- ORCL's page on the SEC website