Jill Goldsmith Co-Business EditorSnap founder and CEO Evan Spiegel said it’s been really “interesting to watch the U.S. government grapple with the success of a consumer tech company that is headquartered in China,” referring to social media powerhouse TikTok, owned by Chinese giant ByteDance.“It’s a free market question,” Spiegel said on a conference call to discuss Snap’s second-quarter earnings, responding to a query about how government threats to bar Tiktok could impact the industry.
Secretary of State Mike Pompeo has said publicly the government is looking into the possibility of banning TikTok in the U.S.
and has compared it to Chinese companies like Huawei and ZTE, which are considered threats to national security. A difference is.
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