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Business Daily

TikTok under pressure

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 23 July 2020

⏱️ 19 minutes

🧾️ Download transcript

Summary

Can TikTok survive as a US-based social media platform? The social media app owned by a Chinese company, is prompting suspicion in Washington at the moment. Amidst rising US-China tensions, are suspicions that the company is using spyware justified? James Lewis, a veteran cyber-expert at the Center for Strategic and International Studies in Washington DC says the administrations doubts are probably unjustified. Louise Matsakis, a staff writer for Wired magazine says all social media platforms in the US need to be more heavily regulated. Plus Zach King, currently the world's third best paid TikToker who has amassed a staggering 41 million followers worldwide tells Ed Butler about how he uses the site to make millions of dollars. (Picture credit: Getty Images)

Transcript

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0:00.0

Hello there. I'm Ed Butler and welcome to Business Daily from the BBC World Service.

0:05.2

Today is China's number one social media platform about to become a casualty of US-China tension.

0:11.9

Should TikTok be banned?

0:14.2

Chinese are being very aggressive in so many areas that the US is looking for ways to punish them.

0:20.2

This is probably going to be one of them.

0:22.0

But does banning TikTok really make sense?

0:24.9

Would this make any difference?

0:26.8

Even if TikTok was blocked,

0:28.4

there are plenty of other vulnerable companies

0:30.2

that collect, you know, data on millions of Americans

0:32.6

that China could and, you know, probably will try and hack.

0:36.0

The TikTok debate, that's Business Daily from the BBC.

0:41.6

We held the second spot briefly for the most followed TikToker.

0:46.3

You know, it's funny.

0:46.9

It's not really a stat we measure.

0:48.8

We joke around because it's not often that you're on one of the biggest platforms

0:52.4

and even the top 10 rank, the top 50 even.

0:55.5

Really, for me, it's about longevity and not just even the current platform, but the next platform and the whole career.

1:03.1

This is Zach King, currently the world's third best paid TikToker.

1:08.1

I am competitive. I'm really competitive. That's the fun part of it. But if I focus on

1:12.6

the competition and trying to be number one, there's certain things I would do that would actually

1:17.0

sacrifice quality. It's hard because being on the internet for, this has been my career for

...

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