US banking giant Wells Fargo BANS staff from TikTok (2024)

US banking giant Wells Fargo has told staff to delete TikTok from their phones after Amazon banned then unbanned its employees from using the video app.

Earlier this week, the bank sent a note to employees who had installed TikTok on company-owned phones telling them to remove the app immediately.

Wells Fargo cited 'concerns about TikTok's privacy and security controls and practices, and because corporate-owned devices should be used for company business only' in a statement released this week.

A spokesman for TikTok said it was in contact with the US bank to 'let them know about the actions we have taken to protect data security for our users'.

It follows Amazon's initial move to prohibit its employees from using the Chinese app on their mobile devices before reversing its ban hours later.

Although both Amazon and Wells Fargo have not said why they chose to ban the app, the move comes amid heightened tensions between China and the US as Beijing faces criticism for its handling of the outbreak of the coronavirus.

The Chinese government has also come under fire from Western countries for imposing a draconian national security law in Hong Kong which outlaws secession, subversion and domestic collusion with foreign governments.

It is suspected that Amazon and Wells Fargo are worried that TikTok, a Chinese company, could share data with the Chinese government.

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US banking giant Wells Fargo has told staff to delete TikTok from their phones after Amazon banned then unbanned its employees from using the video app

TikTok allows its users to publish short-form mobile videos and showcase their creativity to the app's 800 million members.The news comes after Secretary of State Mike Pompeo said the US was 'looking into' banning TikTok because it poses a threat to national security

WHAT IS TIKTOK?

TikTok is a Chinese social media app where users can live stream, create short videos and music videos and Gifs with a host of functions.

TikTok's tagline is 'Make every second count'.

It was the most downloaded app in the US in 2018 and the world's fourth most downloaded app in 2018, ahead of Instagram and Snapchat.

In 2019, it became the second-most downloaded app globally behind Whatsapp.

TikTok is known in China as Douyin where it was launched in 2016 and then made more widely available around the world in 2017.

Douyin is still the version of the app used in China, available to download separately to TikTok.

Most children use the app to film themselves lip-syncing to chart hits.

It offers users a raft if colourful modification and editing tools including overlaying music, sound, animated stickers, filters and augmented reality (AR) for creating short videos.

The Beijing based social network has more than 500 million active users and the company is now worth more than $75 billion (£58 billion).

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An internal email sent by Amazon bosses yesterday told employees to get rid of TikTok, which is owned by a Chinese company, citing 'security risks'.

But within five hours, the US giant backtracked and said the email had been 'sent in error', adding there was 'no change to our policies right now with regard to TikTok'.

Spokeswoman Jaci Anderson declined to answer questions about what caused the confounding turnaround or error.

It was also unclear if the email was sent to all employees at Amazon's Seattle headquarters, or just a select group.

One person familiar with the matter said senior Amazon executives were unaware of the request to delete TikTok from employee devices.

The ban was reversed after TikTok and Amazon representatives discussed the matter, according to an email sent to TikTok employees.

A TikTok spokesman told DailyMail.com in an email: 'User security is of the utmost importance to TikTok - we are fully committed to respecting the privacy of our users.'

'While Amazon did not communicate to us before sending their email, and we still do not understand their concerns, we welcome a dialogue so we can address any issues they may have and enable their team to continue participating in our community.'

'We're proud that tens of millions of Americans turn to TikTok for entertainment, inspiration, and connection, including many of the Amazon employees and contractors who have been on the frontlines of this pandemic.'

DailyMail.com has yet to receive a response from Amazon.

The note is said to have been sent to all of Amazon's staff, which must delete the app by Friday in order to continue access to their emails.

The Chinese ownership of TikTok, among the fastest growing digital platforms ever, has come under heavy scrutiny on issues including their handling of user data. India banned TikTok and other Chinese apps in June.

The company has said user data is stored in the United States with a backup copy in Singapore. One person familiar with the matter said TikTok's user data is primarily stored in the Google Cloud in its Virginia-based data center.

Speculating on the Amazon ban and subsequent U-turn, FT technology correspondentDave Lee told the BBC's Radio 4 Today programme that Amazon could have come under pressure to reverse its decision.

A memo surfaced online that requested 'all staff' remove the app from mobile devices with access to Amazon emails by July 10. An Amazon spokesman said the memo was 'sent in error'

The note is said to have been sent to all of Amazon's staff, which must delete the app by Friday in order to continue access to their emails

China is top of the US list of most dangerous military rivals - taking a step ahead of Russia, defense chief warns

The US defense secretary has disclosed that China is top of the country's list of most dangerous military rivals.

Mark Esper told military chiefs the US needed to match Beijing's capabilities by recalibrating training and operations.

In a message to Pentagon staff marking his first year in the role, he said the US must make China 'the pacing threat in all our schools, programmes and training', according to The Times .

'We are now in an era of great power competition and China, then Russia , constitute our top strategic competitors,' he added.

It comes two years after the national defense strategy delivered by James Mattis, his predecessor, said China and Russia were both equally 'great power rivals' to the US.

In May, China's foreign minister Wang Yi said the US had pushed relations with China to 'the brink of a new Cold War'.

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He said: 'There was certainly a lot of confusion over this email being sent out early morning for most Amazon employees over in Seattle.

'And then it was a few hours of confusion, people wondering why this might have happened, people wondering whether it was every single Amazon employee or just a select group.

'I think another possibility may be that Amazon was considering making this move. I think it's interesting that the email says 'by the 10th of July' and the email arrived on the tenth of July. I wonder if there's a bit of confusion here within Amazon'.

Asked if TikTok is unsafe, Lee said: 'When I speak to security experts about the TikTok app they say yes there is concerns about data gathering, there were reports recently about how TikTok would monitor what was on your phone's clipboard, i.e. things that you copy on your phone to paste into something else.

'But then those same security experts will say they had the same concerns about Facebook and Twitter and other social networks that aren't Chinese-owned. I think the fact that there are security concerns about the influence of Beijing on how TikTok might conduct itself in the US, that seems to be something many security analysts agree with.

'But TikTok have constantly said 'we are distinct from Byte Dance in China' in terms of how we make our decisions, particularly around data gathering and censorship issues.

'And in order to press that fact they have recently hired a former executive from Disney to become the TikTok CEO in the US. They are very very keen to try and separate themselves from their owners but of course but in reality that is just not going to be possible.'

Amazon may have been concerned about a Chinese-owned app's access to employee data because the US government says China regularly steals US intellectual property, said Susan Ariel Aaronson, a professor at George Washington University and a data governance and national-security expert.

Part of Amazon's motivation with the ban, now apparently reversed, may also have been political, Aaronson said, since Amazon 'doesn't want to alienate the Trump administration.'

Amazon may have been concerned about a Chinese-owned app's access to employee data because the US government says China regularly steals US intellectual property, said Susan Ariel Aaronson, a professor at George Washington University and a data governance and national-security expert (pictured, Donald Trump with Xi Jinping at the G20, June 2019)

Seattle-based Amazon and its founder, Jeff Bezos, are frequent targets of Trump. Bezos personally owns The Washington Post, which Trump has called 'fake news.'

Last year, Amazon sued the US government, saying that Trump's 'personal vendetta' against Amazon, Bezos and the Post led it to lose a $10 billion cloud computing contract with the Pentagon to rival Microsoft.

Meanwhile, federal regulators as well as Congress are pursuing antitrust investigations at Amazon as well as other tech giants.

TikTok allows its users to publish short-form mobile videos and showcase their creativity to the app's 800 million members.

However, the Chinese firm has come under fire as being a threat to national security in the US and other countries around the world.

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Last month, India banned the app following a deadly border conflict between the country and China, which resulted in 20 Indian soldiers losing their lives during hand-to-hand combat.

This is not the first time that TikTok has been banned in India.

It was banned briefly last year after concerns were raised about the app being used to distribute p*rnography.

The ban was lifted after a few weeks, but reinstated June 29.

The news comes just four days after Secretary of State Mike Pompeo said the US was 'looking into' banning TikTok because it poses a threat to national security.

Pompeo told Fox News' Laura Ingram Monday that he and President Trump are taking claims that the app collects users' cellphone data and then shares the information directly with Beijing 'very seriously'.

The comments were made by Pompeo when quizzed about whether the United States should be considering a ban on Chinese social media apps, 'especially TikTok.'

'With respect to Chinese apps on people's cell phones, I can assure you the United States will get this one right,' Pompeo said. 'I don't want to get out in front of the President [Donald Trump], but it's something we're looking at.'

The top Washington diplomat added that Americans should only download the app 'if you want your private information in the hands of the Chinese Communist Party.'

Other than bans looming over TikTok, the app experienced a worldwide outage Thursday that affected tens of thousands of users.

Around 2pm ET, reports surfaced that all video likes had mysteriously reset to zero – sending users into a frenzy.

However, some had raised concerns that TikTok may have completely shut down, as there has been rumors in the past that it would one day come to an end amid increased governmental scrutiny.

The issues were eventually resolved later that evening.

US banking giant Wells Fargo BANS staff from TikTok (2024)

FAQs

US banking giant Wells Fargo BANS staff from TikTok? ›

Wells Fargo Employees Advised to Delete TikTok from Company Phones. Promo Protect all your devices, without slowing them down. The popular TikTok app was deemed a security risk by Wells Fargo, and its employees have been told to delete the app from their phones.

Is TikTok being banned in the US in 2024? ›

The legislation gives TikTok's China-based parent company nine to 12 months to sell or be banned in the U.S., ensuring the app will remain active through the fall campaign.

Why TikTok is being banned for some federal employees? ›

Federal. In January 2020, the United States Army and Navy banned TikTok on government devices after the Defense Department labeled it a security risk. Before the policy change, army recruiters had been using the platform to attract young people.

What happens if TikTok is banned in the US? ›

TikTok, which is used by more than 170 million Americans, most likely won't disappear from your phone even if an eventual ban does take effect. But it would disappear from Apple and Google's app stores, which means users won't be able to download it.

Which country banned TikTok first? ›

China's neighbor, India, was among the first countries to have placed restrictions on TikTok and other Chinese apps. India banned some 60 Chinese apps, including TikTok, during a military confrontation along the Himalayan border that it shares with China.

Is TikTok owned by China? ›

In particular, they worry that TikTok, which is owned by Beijing-based ByteDance, could share data with the Chinese government or manipulate content displayed on its platform. So far, there's little evidence to support these concerns.

How many states is TikTok banned in? ›

More than 30 states have already banned TikTok from state-issued devices amid national security and privacy concerns, which could be extended to citizens as a bill that could potentially ban TikTok nationwide makes its way through Congress.

What 5 states are banning TikTok? ›

TikTok bans are gaining momentum

The list of banned states includes states such as Alabama, Georgia, Idaho, New Hampshire, North Dakota, Utah, Texas, Maryland, Montana, South Dakota, South Carolina, Nebraska, Iowa, Oklahoma, Tennessee, and Virginia, and this will only continue to grow.

Is TikTok banned in China? ›

Tiktok on devices brought into mainland China does not function on the local networks, instead requiring the Chinese counterpart Douyin, although a VPN can circumvent the restrictions.

Who has banned TikTok in the US? ›

Congress and the armed forces have banned TikTok from all of their employees' devices. Approximately half of all states ban the app on state-owned devices, and the Federal government similarly banned the app from employees' devices in March 2023.

How much is TikTok worth? ›

TikTok is likely worth $100 billion, according to Wedbush Securities analyst Dan Ives. But that valuation is based on TikTok's algorithm, the logic written into the software that decides which videos to serve up to its users in a constant stream.

Who will buy TikTok? ›

Big Tech. Other tech giants including Microsoft, Oracle, and Meta have long been floated as possible candidates to buy out TikTok. They have the money, and some of them are already in the social-media game.

Who is TikTok CEO? ›

Shou Zi Chew (Chinese: 周受资, born 1 January 1983) is a Singaporean businessman and entrepreneur who has been serving as the chief executive officer of TikTok, an online video platform owned by Chinese company ByteDance, since 2021.

What is banned in China? ›

The PRC bans certain content regarding independence movements in Tibet and Taiwan, the religious movement Falun Gong, democracy, the 1989 Tiananmen Square protests and massacre, Maoism, corruption, police brutality, anarchism, gossip, disparity of wealth, and food safety scandals.

Who invented TikTok? ›

Zhang Yiming is the main founder of Chinese tech giant ByteDance, best known for its insanely popular app TikTok, which has more than 1 billion users worldwide. Zhang stepped down as chairman of ByteDance in November 2021 after resigning as CEO in May that year, reportedly under pressure from the Chinese government.

Is Facebook banned in China? ›

Facebook is just one of the sites and social media platforms banned by the Chinese government. China controls the content that goes on the internet. As such, it makes decisions on what sites are allowed. Any content that the government considers against the state is banned, deleted, or restricted.

Did the US try to ban TikTok? ›

The last time the US tried to ban TikTok, in 2020 after an executive order issued by Trump, the company secured a preliminary injunction against the move after a judge in Washington said a prohibition may “likely exceed” the bounds of the law.

How many users does TikTok have 2024? ›

2,051 million

Is TikTok going to be sold? ›

"Foreign media reports of ByteDance selling TikTok are not true," the company said in the post, which included a screen shot of the article with the Chinese characters meaning "false rumour" stamped on it. The sell-or-ban measure was signed into law by US President Joe Biden on Wednesday.

What is the time limit for TikTok in the US? ›

Under the new limits, which has not yet been released to all users, 13- to 17-year-olds on the app will simply be asked to enter their own passcode to keep watching videos after 60 minutes have passed.

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