TikTok and its parent company are un
TikTok poses ‘legitimate national security concerns’: Treasury Secretary Yellen
TikTok and its parent company are under investigation by Treasury Department’s Committee on Foreign Investment in US
Treasury Secretary Janet Yellen on Wednesday warned that the Chinese-owned video-sharing app TikTok poses “legitimate national security concerns” to the United States.
TikTok is owned by ByteDance, a company based in Beijing. U.S. officials and lawmakers have warned that the Chinese Communist Party could compel the company to turn over American users’ data or expose them to propaganda.
TikTok and ByteDance are currently under investigation by the Treasury Department’s Committee on Foreign Investment in the U.S. (CFIUS), which evaluates national security risks associated with foreign-owned companies operating in the U.S. or foreign investments in American companies.
TikTok and ByteDance are currently under investigation by the Treasury Department. (Reuters/Dado Ruvic/File Photo / Reuters Photos)
Yellen, during the New York Times Dealbook Summit in New York on Tuesday, said she believes there are “legitimate national security concerns” with regard to TikTok.
“That’s something that’s a case in pro