ANZ Home Loan Applications Drop 12% After Australia Property Tax Changes 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
OpenAI Executive Brad Lightcap to Leave for New AI Venture 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
Thyssenkrupp Raises 2026 Profit Outlook as Steel and Materials Units Strengthen 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Add as a preferred source on Google
United States FCC Commissioner Brendan Carr has renewed efforts of the previous administration to limit TikTok’s operations in the country. While the Chinese-owned social media app is not facing another total ban, Carr has urged Apple and Google to remove it from its digital stores.
Carr shared a copy of his letter addressed to the tech giants last week, where he referenced a recent Buzzfeed News report claiming China-based ByteDance employees have more access to data collected from users in the U.S. “It is clear that TikTok poses an unacceptable national security risk due to its extensive data being combined with Beijing’s apparently unchecked access to that data,” Carr wrote. Apple and Google have yet to publicly comment on Carr’s letter.
TikTok is not just another video app.
— Brendan Carr (@BrendanCarrFCC) June 28, 2022
That’s the sheep’s clothing.
It harvests swaths of sensitive data that new reports show are being accessed in Beijing.
I’ve called on @Apple & @Google to remove TikTok from their app stores for its pattern of surreptitious data practices. pic.twitter.com/Le01fBpNjn
Buzzfeed News said it obtained audio recordings of 80 internal meetings. The publication noted that the leaked audio revealed 14 statements from various TikTok employees that suggest staff in ByteDance’s office in China were able to access data from the U.S., at least, between September 2021 and January this year.
One of the employees reportedly commented that “everything is seen in China” with regards to TikTok user data. Another staff member was also heard calling a TikTok engineer based in Beijing the “Master Admin” for having “access to everything.”
ByteDance’s shaky relations with the U.S. government peaked when former President Donald Trump issued an executive order that would have effectively banned TikTok in the country. But the former administration was open to allowing the Chinese company to keep its operations if it sold its US business to an American company. TikTok sought a deal with Microsoft that ultimately fell through just weeks after Trump signed the EO.
The developer later entered negotiations with Oracle and Walmart that reportedly included a proposal for the American companies to own 20 percent of TikTok’s business in the U.S. The deal was later shelved following President Joe Biden’s reported efforts to review security risks posed by Chinese tech companies. But Biden signed an EO revoking Trump’s previous order, allowing TikTok to continue operating in the country.
Photo by Solen Feyissa on Unsplash
