TikTok Faces More Bans, This Time in Africa
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 22 September 2023
⏱️ 14 minutes
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| 0:00.0 | Techno's briefing is supported by FTI Consulting, from the world's largest cyber breaches to |
| 0:05.1 | global fraud investigations. FTI Consulting is the number one expert-based firm organizations |
| 0:10.7 | turn to and there are moments of truth. Learn more at FTIconsulting.com. |
| 0:20.5 | Welcome to Techno's briefing. It's Friday, September 22. I'm Zoe Thomas for the Wall Street Journal. |
| 0:27.6 | TikTok is facing bands in America and Europe. Now those could expand to Africa, |
| 0:33.8 | where some governments have already taken steps against the social media company and others |
| 0:39.0 | are debating restrictions. Our reporter, Alexandra Wexler, has been looking into what the company |
| 0:44.6 | is facing across the continent and she'll join us to explain how TikTok is pushing to keep its |
| 0:50.5 | app operational there. But first, a massive deal in the software world. Cisco Systems will |
| 0:58.8 | buy cyber security company Splunk in a $28 billion cash deal. Cisco hopes the acquisition will |
| 1:06.4 | help it move further into artificial intelligence space. In recent years, Cisco's moved away from |
| 1:12.3 | its traditional business of selling hardware like routers and switches and focused more on software, |
| 1:18.3 | buying up smaller companies to boost growth. Splunk makes software used by companies' |
| 1:23.6 | information technology and security operations to monitor and analyze data. The companies expect |
| 1:29.6 | the deal to close within a year following a required regulatory review. Cryptocurrency companies |
| 1:36.3 | are starting to look overseas for growth as regulators in the US continue their crypto crackdown. |
| 1:43.4 | Executives at Rise Labs, Ripple Labs, and Zodia markets, for example, have said they're all |
| 1:49.1 | focusing outside the country. Our reporter, Alexandra Sapović, has more on where these companies |
| 1:55.0 | are moving. Dubai, Singapore, Hong Kong have made some efforts to create regulatory regimes |
| 2:02.0 | specifically for crypto companies that would allow some basic investor protections the way you |
| 2:08.5 | want to have in a regulated marketplace, but also conducive to crypto companies and their ability |
| 2:14.0 | to do business. The US is generally the largest financial market in the world, and so if crypto |
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