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A new subsidiary, TikTok U.S. Data Security Inc. (USDS), was created to manage user data, software code, back-end systems, and content moderation. It would report to the Committee on Foreign Investment in the United States (CFIUS), not ByteDance or TikTok, even for hiring practices.
Before Khaby Lame became the most-followed TikTok user on 22 June 2022, Charli D'Amelio was the most-followed TikTok user. D'Amelio became the most-followed TikTok user on 25 March 2020 at 41.4 million followers, surpassing the previous record-holder, Loren Gray. [ 40] Later that same year, D'Amelio became the first TikTok user to reach 100 ...
ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [ 7] Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
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TikTok has become the first app that isn’t a mobile game to generate $10 billion in global consumer spending, according to a new report, and is expected to become the highest earning app ever.