TikTok, owned by Chinese company ByteDance, has raised fears in the U.S. that Chinese government officials could gain access to U.S. user data under Chinese law that could compel the company to hand over information.
were positive Tuesday when the news broke. Meta shares were up more than 6% and Snap was up more than 3% as of late morning.
TikTok has insisted U.S. user data is safely stored outside of China, which it says should keep it out of reach of government officials.Sign up for NBC San Diego newsletters. But the company's reassurances have done little to turn down the heat on TikTok. The Committee on Foreign Investment in the U.S. is in talks with the company about how to resolve some of the data concerns, though a solution has
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