On Friday, the 1st of November 2019, the US Government had launched a national-scale security probe on TikTok-owner, Beijing ByteDance Technology Co.’s $1 billion takeover of US social media app Musical.ly, at least three people familiar with the subject-matter had revealed late on Friday (November 1st) on condition of anonymity contemplating the sensitive nature of the issue.
Although the acquisition of Musical.ly by the Chinese Internet Technology Company, ByteDance, mostly engaged in developing machine learning enabled content platform, was completed more than 2 years ago, over the past few weeks US lawmakers had raised concerns over use of the Chinese social media platform TikTok, adding that the Chinese company might be censoring politically motivated data.
Aside from that, the US lawmakers had also voiced questions on TikTok’s policy and legal caucus bellies to store personal data. In point of fact, latest probe on China’s social media platform TikTok, generating mass-popularity among US citizens between the ages of 16 to 24, comes over the heels of rising geo-political tension on multiple fronts for US including a gruesome trade war over tariffs with China.
According to one of the sources, the Committee on Foreign Investment in the United States (CFIUS), had already started off an investigation on Byte Dance’s $1 billion acquisition of Musical.ly, while CFIUS had also asked ByteDance to take measures in order to avoid a divest of its US investment.
Meanwhile, adding that the company would not comment over an ongoing investigation, a TikTok spokeswoman said late on Friday (November 1st), “While we cannot comment on ongoing regulatory processes, TikTok has made clear that we have no higher priority than earning the trust of users and regulators in the U.S. Part of that effort includes working with Congress and we are committed to doing so. ”