From Breakingviews - Breakingviews: TikTok’s trust-me tour will need at least 50 stops
. But late last year, Chinese parent company ByteDance found that some employees had improperly accessed it to snoop on journalists. That’s likely to take up considerable airtime when Chew faces the House Committee on Energy and Commerce.
But the short-video app also faces the prospect of death by 50 cuts, as individual states weigh their own approaches. Nearly half of the U.S. states have banned the app on government-owned devices. Chew may also need to trot around to local leaders, from Republicans like Texas Governor Greg Abbott to Democrats like California state Senator
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Breakingviews - TikTok’s trust-me tour will need at least 50 stopsTikTok wants a fair shake. The social media company run by Chief Executive Shou Zi Chew will appear in front of a U.S. House of Representatives committee in March. But Chew, a Harvard University alumnus, will have to travel far beyond Washington to make America comfortable.
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Breakingviews - Breakingviews: Adani’s financing safety-net rests on Indian banksGautam Adani’s financing options are narrowing fast. Investors wiped $48 billion off the Indian tycoon’s listed companies in just two days last week; his flagship Adani Enterprises lost 19% of its value on Friday alone. While the nationally important ports-to-power-to-roads group should be able to manage its interest bill, the selloff blows apart Adani’s plans to tap global capital markets. That leaves it dependent on a safety net provided by Indian banks.
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TikTok CEO set to testify on Capitol Hill for first time as calls for US ban mountTikTok CEO Shou Zi Chew is set to be grilled on Capitol Hill on March 23.
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TikTok CEO to testify before Congress in MarchThis will be CEO Shou Zi Chew's first appearance before Congress.
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Breakingviews - Goldman Sachs cuts Solomon, and his pay, down to sizeOn Breakingviews: Goldman slashes CEO pay. It comes off as less about performance than a nod to staff facing layoffs and smaller bonuses. But while employees may see solidarity, shareholders could see a boss losing his board's confidence, says johnsfoley
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Breakingviews - America's hazy chip deal fogs market signalsAt first glance, Washington's agreement on Friday with the Netherlands and Japan to suppress some chip-related exports to China looks like a diplomatic win. But the lack of detail suggests the United States still has a way to go to convince allies to sacrifice export revenue in the name of hobbling China's semiconductor industry.
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