After TikTok’s overwhelming success in the social media world, virtual reality has become the next battlefield for Chinese firm ByteDance and Facebook’s parent company Meta.

For the past two years, TikTok executives have denied US allegations of Chinese interference and positioned themselves as an independent entity from its Chinese parent company ByteDance. But new revelations about the company's leadership structure paint a different picture.

Millions spent on lobbyists, a billion spent on safeguards. Will it be enough to stay in the United States? The clock is ticking on a TikTok.

Two years into negotiations with U.S. regulators about whether TikTok will be able to remain in the country, Chinese-owned video-sharing app is trying a new tack: transparency. The plan to reorganize the business might cost up to $1.5 billion US-$.

TikTok is under increasing political pressure in the US and Europe, especially on the issues of security and privacy. TechCrunch gives an overview of what was discussed.

The meeting’s objective is to review how TikTok is preparing to comply with new EU regulations governing internet safety and fair competition among tech companies.

"TikTok has stopped a hiring process for consultants that would help it implement a potential security agreement with the United States"

ByteDance thought it had a deal with the government in August. Then came the bans — and a spying scandal.

This year will be a critically important one for ByteDance, China’s largest unicorn, as it faces political uncertainties in the US over its hit video app TikTok and regulatory scrutiny at home.

Brendan Carr, Commissioner of the FCC, warned that TikTok “operates as a sophisticated surveillance tool,” and told the Indian daily Economic Times that banning the social app is a “natural next step in our efforts to secure communication network”.