WSJ: Facebook CEO Mark Zuckerberg discussed threat posed by Chinese competition at private dinner with Trump

TikTok

  • Facebook CEO Mark Zuckerberg discussed the alleged threat posed by Chinese technology companies at a private dinner with US President Donald Trump, the Wall Street Journal reported on Sunday.
  • Zuckerberg also discussed TikTok, specifically, in meetings with US senators.
  • Earlier this month, Trump issued an executive order targeting TikTok, which allows users to post and edit short video clips.
  • Facebook, hoping to siphon some of TikTok's 100 million US users, released its own version of the software in early August: Instagram Reels.
  • Visit Business Insider's homepage for more stories.

Before President Donald Trump threat end to ban TikTok, video-sharing program popular with teenagers, Facebook founder Mark Zuckerberg was lobbying him and US senators to address the alleged threat posed by his Chinese competition,the Wall Street Journal reported on Sunday.

At a private dinner in October 2019, Zuckerberg "made the case to President Trump that the rise of Chinese internet companies threatens American business, and should be a bigger concern than reining in Facebook," the Journal reported, citing people familiar with the matter.

The head of Facebook also "discussed TikTok specifically" in talks with a number of US senators.

A Facebook spokesperson told the Journal that Zuckerberg could not recall discussing TikTok with Trump, who earlier this month issued an executive order demanding that TikTok's owner, ByteDance, sell off its US assets, citing concerns over the handling of user data.

Zuckerberg spoke out against that executive order at a company meeting, the Journal reported. But his company also stands to gain from any setback faced by TikTok, which has amassed 100 million users in the US.

Ten days before Trump issued his executive order, Instagram, which is owned by Facebook, unveiled its own version of TikTok: Reels, which allows users to post 15-second "multi-clip videos with audio, effects, and new creative tools," according to a news release.

Join the conversation about this story »

NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid



Via PakApNews

Post a Comment

Please Select Embedded Mode To Show The Comment System.*

Previous Post Next Post

Ad Code

Arsip Blog

3/related/default

"Welcome to PakapNews, your go-to source for the latest news and updates from Pakistan and around the world. Our team of dedicated journalists bring you accurate and unbiased coverage on politics, business, sports, entertainment, and more. Stay informed with in-depth analysis and expert commentary, as well as breaking news alerts and multimedia content. Trust PakapNews for reliable and up-to-date information, delivered to you 24/7."