TikTok is owned by a Chinese company. So why doesn’t it exist?

Beijing CNN — TikTok is fighting to survive in the US Pressure is mounting in Washington to ban the app if its Chinese owners don’t sell the company. But the popular platform was developed using indigenous Chinese technology and is inaccessible in China. In fact, it never existed there. Instead, there is a different version … Read more

Analysis: Viral video app TikTok represents new Cold War in American pockets

CNN — The new Cold War is not being played out on the high walls that divide the continents, but in the pockets of millions of Americans. congressional hearing Thursday’s focus on the popular TikTok video app became the latest in a string of clarifying moments that exposed not only Washington’s bipartisan animosity toward Beijing’s … Read more

China says ‘resolutely’ against possible forced sale of TikTok

Hongkong CNN — China says it will ‘resolutely oppose’ Any forced sale of TikTokthe first direct response to the Biden administration’s demands that the app’s Chinese owner sell a stake in his company or face a ban in its most important market. TikTok CEO Shou Chew made the above comments Testify before U.S. lawmakers It … Read more

Utah governor signs bill requiring teens to get parental consent to join social media sites

New York CNN — Utah governor signs controversial bill Thursday’s bill would require minors to obtain guardian consent before joining social media platforms, the most aggressive step yet by state or federal lawmakers to protect children online. As part of a bill called the Utah Social Media Regulation Act, The social media platforms will have … Read more

FTC wants to make it easier for consumers to cancel free trials and subscriptions

CNN — New U.S. government rules may soon make it easier for Americans to cancel free trials and subscriptions they no longer want, according to the FTC. The proposed rule changes, announced Thursday, would apply to broad swaths of the U.S. economy, covering both digital and brick-and-mortar subscriptions. Products subject to the new rules will … Read more

China might rather have TikTok banned than fall into U.S. hands

Hongkong CNN — Nearly three years After the Trump administration threatened to ban TikTok if its Chinese owners did not sell the company to U.S. investors, video application Facing the threat of life and death again. Douyin CEO Shou Zi Chew The app will appear before U.S. lawmakers later on Thursday, many of whom want … Read more

TikTok and its CEO are trying to save the app’s status in the US

As more lawmakers raise national security concerns about TikTok’s ties to China, and some experts worry about the app’s impact on young people’s mental health, CNN is hosting a special to delve into the issues. Watch “CNN Primetime: Is It TikTok Time?” Thursday, March 23 at 9 p.m. ET. CNN — At a Harvard Business … Read more

Bernie Sanders slams ‘corporate greed’ as Moderna CEO won’t commit to lowering Covid-19 vaccine costs

CNN — Facing criticism from senators, Moderna Chief Executive Stéphane Bancel disagreed with lowering the commercial cost of the company’s Covid-19 vaccine during a vaccine price hearing on Wednesday. Senator Bernie Sanders of Vermont slammed “unprecedented corporate greed” in opening hearings of the Senate Health, Education, Labor and Pensions Committees, highlighting the role of Moderna … Read more

Pennsylvania county files lawsuit against social media company

CNN — A mother in Bucks County, Pennsylvania, said her 18-year-old daughter is so obsessed with TikTok, she spends hours making elaborate videos and posting photos of herself edited to look slimmer . Another mother in the same county told CNN that her 16-year-old daughter’s ex-boyfriend shared a partially nude photo of the teen with … Read more

Biden White House keeps tabs on Fed after bank failures

CNN — All eyes are on the Fed as it prepares to announce another potential rate hike Wednesday afternoon – exactly 10 days after the Biden administration stepped in dramatic emergency action to contain the fallout from the collapse of two banks. Biden White House officials will be watching the highly anticipated interest rate decision … Read more