TikTok will move all U.S. user data to cloud servers operated by Oracle, the app’s owner ByteDance said on the same day a BuzzFeed article revived lingering questions over the app’s data security. The BuzFeed article suggests that China-based engineers working for ByteDance have repeatedly accessed TikTok’s U.S. user data. Back in 2020, when President Trump was pursuing a ban of the...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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