Vanessa Pappas, CEO of TikTok in the United States, announced a $ 1 billion fund to help social network content creators.
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“We don’t plan to go anywhere.”
This was answered by Vanessa Pappas, Managing Director of Tick tack in the United States after US President Donald Trump threatened to ban the social network in the United States.
Through a video on his Twitter account, Pappas thanked his users for support and announced that the company is proud of the 1,500 employees it already has in the United States and that it plans to add 10,000 more places over the next three years open.
A message to the TikTok community. pic.twitter.com/UD3TR2HfEf
– TikTok (@tiktok_us) August 1, 2020
“We have no plans to go anywhere. TikTok is home to creators and artists to express their ideas and connect with people from different backgrounds. We are proud of everyone who calls TikTok at home,” said the general manager in the video.
In the same way, Pappas announced it would open a billion dollar fund to support the developers of the app content.
This response relates to the announcement made earlier this Friday about Trump’s intention to ban TikTok, owned by the Chinese company ByteDance, this weekend because he claims it poses a threat to national security.
Pappas’ response has been viewed over a million times. with different answers from the public.
What does Trump want?
President Donald Trump plans to entrust the United States Foreign Investment Council (CFIUS) with China’s ByteDance Ltd. to force Bloomberg to separate from its TikTok property.
ByteDance bought Musical.ly Inc., a $ 1 billion sound synchronization app in 2017, and merged it with TikTok to create the social media that it was featured in in the U.S. and the rest of the world has become a phenomenon. However, some politicians and some members of the public have encountered issues with the company’s privacy practices and ByteDance’s alleged relationship with the Chinese Communist Party.
according to Bloomberg“TikTok was looking for ways to distance itself from its Chinese property to assure the public that there is no data stored on servers in China and that the application works independently. ByteDance even appointed a former CEO of Walt Disney Co., Kevin Mayer to lead his operations in the United States. “
This process has a precedent: in early 2020, Beijing Kunlun Tech sold the LGBTQ dating app Grindr for more than $ 600 million after CFIUS raised national security concerns in 2019.
This week the New York Times reported that Microsoft It could be the purchase of TikTok, which is valued at $ 100 billion.
With information from Matthew McCreary