TikTok - time for change?
Money Box
BBC
4.2 • 825 Ratings
🗓️ 7 March 2020
⏱️ 31 minutes
🧾️ Download transcript
Summary
TikTok has been downloaded over 1.6 billion times and most of its users are young. They share videos and stream their activities live. The site allows people who have over 1000 followers to be given presents by other users in exchange for giving their account a 'shout out'. To give money you should be over eighteen. So how did a 9 year old girl gift thousands of pounds from her dad's bank account?
It will be at least another two years before estate agents and the property business will be regulated - that estimate from the man the government asked to propose reforms.
And why do student loan repayments take more from people who work and earn irregularly than if they had a steady salaried job?
Presenter: Paul Lewis Reporter: Daniel Whitworth Producer: Alex Lewis Editor: Emma Rippon
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? When lies are still being told to this day, |
| 0:24.0 | who do you believe? I wouldn't even know where to start and I'm with the IRA. |
| 0:28.5 | Steakknife. Listen first on BBC Sounds. |
| 0:33.6 | BBC Sounds, music, radio, podcasts. Hello, on this week's Moneybox, another two years before estate agents and the property business will be regulated, |
| 0:43.9 | graduates with irregular earnings pay more off their student loan than those with steady jobs, |
| 0:48.7 | and inside the criminal call centre in Delhi that's after your money. |
| 0:54.3 | But we start with a nine-year-old girl who gave thousands of pounds to so-called celebrities on the social media app, TikTok. |
| 1:01.9 | The money was charged through the Apple App Store, connected to her father's bank account. |
| 1:07.1 | TikTok has around 500 million active users around the world. |
| 1:11.3 | Most of them are young. |
| 1:12.8 | They can share videos and stream their activities live. |
| 1:16.3 | The site allows people who have over 1,000 followers, so-called celebrities, |
| 1:21.2 | to be given presents by other users in exchange for following them |
| 1:25.0 | or giving their account a shout-out. |
| 1:27.3 | The presents have different prices and different names like love bangs, rainbow pukes and concerts. |
| 1:33.9 | Until last week, the highest value gift you could give was a drama queen. |
| 1:38.7 | Thank you so much for the drama queen. |
| 1:41.9 | See ya, thank you so much for the drama queen. |
| 1:43.6 | If you said one more, you get my number, okay? Thank you for another concert. See ya. Thank you so much for the drama queen. If you said one more, |
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