Microsoft Corp. is in talks to acquire the operations of TikTok in the U.S. Canada, Australia and New Zealand.The company has rejected claims that it’s controlled by the Chinese government or that user data is at risk.The 27-nation EU has some of the strictest data-protection laws in the world. Share your opinion and gain insight from other stock traders and investors. The U.K.’s Information Commissioner’s Office has been looking into TikTok since last year.TikTok is also under increasing pressure in the U.S. President Donald Trump said he would ban the app, best-known for lip-syncing videos, on the grounds that it jeopardizes national security. The video game industry has undergone massive changes in the last two quarters due to the coronavirus pandemic. The questions are part of an investigation into TikTok’s plan to set up a European Union headquarters for data purposes.The EU’s data protection chiefs in June pledged to coordinate potential investigations into the Chinese company, establishing a taskforce to get a better understanding of “TikTok’s processing and practices across the EU.”The EU taskforce would also likely give the final decision on plans by the company to set up an EU base for data purposes in Ireland. Find the latest Apple Inc. (AAPL) stock quote, history, news and other vital information to help you with your stock trading and investing. Recherchez les dernières actualités, les cotations boursières et l’historique Microsoft Corporation (MSFT), ainsi que d’autres informations essentielles qui vous aideront dans vos transactions et … CNIL also said Tuesday it had closed a separate probe based on a TikTok user’s complaint.CNIL said that for TikTok to set up a headquarters in Ireland, it would need to prove that its base there fulfills the necessary conditions under the bloc’s data protection rules.TikTok announced last week that it will set up its first data center in Europe with a 420 million-euro ($500 million) investment in Ireland.The Dutch data-protection commission said in May that it is looking into TikTok’s policies to protect children’s data and the Danish watchdog in June also announced a probe. (Updates with more detail on TikTok probes starting in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.Tip: Try a valid symbol or a specific company name for relevant results View daily, weekly or monthly … And analysts expect more to come.Kyle Dennis took a leap of faith and decided to invest his savings of $15K in the stock market — $2.8M later, he owes his success to these strategies(Bloomberg) -- France’s privacy watchdog opened a probe into TikTok, marking another examination of ByteDance Ltd.’s social media app, which is facing broader scrutiny of its privacy policies.The French authority, CNIL, is looking at a number of issues, including how the company communicates with users and the protection of children, a spokesman said Tuesday. But here are four key risks to watch. The stock market had broad gains last week among the key indexes and leaders, despite a few high-profile losers. The General Data Protection Regulation, or GDPR, gives EU authorities the power to fine companies as much as 4% of global annual sales for the most serious violations.
This could mean that future probes would be led by the Irish data authority, which is already the lead privacy regulator for tech giants, including Google, Facebook Inc. and Twitter Inc.TikTok didn’t immediately reply to a request for comment. Find the latest Microsoft Corporation (MSFT) stock discussion in Yahoo Finance's forum.
Microsoft and Facebook are hitting at Apple as antitrust investigations into the iPhone maker ramp up. Microsoft Corp. has been in talks about a possible purchase of TikTok’s operations in the U.S., Australia, Canada and New Zealand.TikTok said in a blog post it is “shocked” by the order and will pursue all remedies available, including the U.S. courts. Find the latest Microsoft Corporation (MSFT) stock quote, history, news and other vital information to help you with your stock trading and investing. Discover historical prices for MSFT stock on Yahoo Finance.
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