TikTok’s CEO believes that the competition on social media would ‘dry up’ for the US without TikTok

TikTok is a very famous social media app that allows the users to make short videos and share it with their fans and followers. It is owned by a Chinese conglomerate, ByteDance. Lately, TikTok has been facing a lot of criticism from many other tech giants, like Facebook, YouTube, Apple, and Amazon.

Now, the new CEO of TikTok, Kevin Mayer thinks that if they leave TikTok out of everything, that will lead the US advertisers with hardly any choices and the social media competition will simply dry up without TikTok.

While TikTok has not been invited to the hearing in front of the US lawmakers, there is a high chance that TikTok will face some US intervention because the President of the US and other administration officials are considering banning the app. This is further fueled by the ongoing disputes between the US and China, as the relations between the two countries are alarmingly deteriorating.

On the other hand, ByteDance is facing a lot of pressure from the investors as they have valued the app at $50 billion, and some proposals will make the investors of ByteDance the biggest stakeholders of TikTok. While ByteDance is considering all the options and offers, its US investors have brought in another problem for the company.

The Committee of Foreign Investment in the United States is a government panel that reviews the potential national risks that may occur in case of acquiring a company or making a deal with foreigners. In this case, this committee has raised some concerns about the safety of personal data that TikTok uses and which automatically comes under ByteDance.

To put their minds at peace, the CEO of TikTok recently said that they believe that it is necessary to show the users, creators, regulators, and advertisers that we are upright American citizens who follow the US laws and can never do something to harm the personal data of our users.

Furthermore, Kevin Mayer thinks that not only TikTok but all the social media apps must go through extremely thorough scrutiny. TikTok has taken the first step and has launched a Transparency and Accountability Center for moderation and data practices. This way, experts can observe their moderation policies in real-time, and examine the codes that drive their algorithms.

While TikTok is handling criticisms and allegations very maturely and decently, Facebook is not staying back from slinging mud on its rival app. Mark Zuckerberg accused TikTok of censoring political protest, and TikTok denied this claim too, as Kevin Mayer said in his blog post that instead of putting others down, all of the social media tech apps must endeavor for fair and open competition to provide better services to the consumers.

Very well said, TikTok!

Read next: TikTok is About to Hire 10,000 Americans to Solidify its Foothold
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