Founded by Zhang Yiming in 2012. ByteDance operates in 150 countries and has over 800 million daily active users on its platforms, which includes TikTok and Toutiao.
In 2019 ByteDance agreed to pay US$5.7 million to settle Federal Trade Commission allegations that the company illegally collected personal information from children. This is the largest civil penalty ever obtained by the Commission in a children's privacy case.
Source: news article (2019)
In 2021 TikTok agreed to pay US$92 million to settle a class action lawsuit over consumer privacy violations in the USA via its current app and its predecessor, Musical.ly. The plaintiffs' allegations included that the app doesn't notify users that its filters and effects use facial scans that capture and store biometric data; that after a user records a video TikTok keeps a copy, even if the user never posts it, and there's no notification that any such transfer occurs; and that the app collects private and personally identifiable information and device data for the purpose of earning revenue through targeted ads. In addition to the payout, TikTok has promised to initiate a new privacy compliance training program to protect users' data.
Source: news article (2021)
The 2019 report by Australian Strategic Policy Institute (ASPI), found that ByteDance "collaborates with public security bureaus across China, including in Xinjiang where it plays an active role in disseminating the party-state's propaganda".
Source: ABC (2019)
TikTok has raised concerns in the areas of privacy, cyberbullying, national security and addiction. The app has been temporarily banned in India and Indonesia and has faced lawsuits in China and the USA. Read more at Wikipedia using the link below.
Source: Wikipedia (2020)
|Revenue||7.2 billion USD (2018)|
Products / BrandsByteDance
TikTok Social Media