TikTok defends ownership, claims Chinese company just has 1% stake

By Jenny Goldsberry

Published July 14, 2022 5:11pm ET

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TikTok defends ownership, claims Chinese company just has 1% stake — Social media platform TikTok went on the defensive Wednesday following a House Oversight Committee hearing that discussed its ownership. Federal Communications Commission Chairman Brendan Carr asserted there is “virtually no distinction” between TikTok and its Chinese parent company when Rep. Bob Gibbs (R-OH) asked him about its ownership during the hearing. Carr is the senior […]

Social media platform TikTok went on the defensive Wednesday following a House Oversight Committee hearing that discussed its ownership.

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House Oversight Committee Social Media TikTok X (Formerly Twitter)