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Stock impact report

TikTok has repeatedly said that it's no longer linked to China. A new Fortune investigation tells a more complicated story. [Fortune]

Resideo Technologies, Inc. (REZI) 
Last resideo technologies, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Fortune
company was talking about in public forums,” Fortune tech reporter Alexandra Sternlicht told me. Yesterday, Sternlicht published a story revealing that, according to 11 former employees, TikTok retained ties to its China-based parent ByteDance—even after publicly saying the operations of the two entities had been separated. The story drew social media responses from Washington, including from FCC Commissioner Brendan Carr . These ties have been especially clear in the company's data-sharing practices, some ex-employees say: Evan Turner, who worked at TikTok as a senior data scientist from April to September in 2022, said TikTok concealed the involvement of its Chinese owner during his employment. When hired, Turner initially reported to a ByteDance executive in Beijing. These are high-stakes revelations, as TikTok continues to be both a political hot potato and an insurgent social media darling. Sternlicht writes: The allegations of close ties, made in interviews between Augus Show less Read more
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