Last week’s grilling of TikTok CEO Shou Zi Chew by the US Congress was deeply ironic. Ostensibly the hearing was to confront the world’s fastest-growing social platform amid fears that the Chinese-owned app would be forced to share data about US citizens with Beijing.

Different constituencies have different reasons to be concerned. US lawmakers claim it’s about the Chinese government being able to spy on US citizens. The big tech firms echo this. But the real reason for Facebook, Google, Twitter, Instagram and YouTube to be worried is that TikTok is eating their lunch. And dinner. And dessert...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.