Chinese-owned video-sharing app TikTok is reportedly offering U.S. officials oversight of its algorithms, a major concession as the company seeks to avert a ban.
is reportedly conceding to U.S. officials as the Chinese-owned social media giant tries to avert being banned in America.reported Monday that the platform — owned by China-based firm ByteDance — offered to increase its transparency by granting U.S. officials oversight of its algorithms as part of a $1.5 billion reorganization of its U.S. operations.
TikTok is offering more transparency to regulators as the platform faces growing scrutiny over data privacy concerns. The news comes as TikTok ramps up its efforts to convince regulators that user data is protected and secure after years of scrutiny over concerns that theFears surrounding the popular social media site grew following a report last year that a TikTok team in China accessed data of U.S. TikTok users, including two journalists. Now, U.S. regulators are weighing whether to ban the app's use in the U.S. altogether.Several U.S.
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