Advertisement
Australia markets close in 3 hours 11 minutes

  • ALL ORDS

    7,768.80
    -130.10 (-1.65%)
     

  • ASX 200

    7,519.00
    -123.10 (-1.61%)
     

  • AUD/USD

    0.6376
    -0.0049 (-0.77%)
     

  • OIL

    86.09
    +3.36 (+4.06%)
     

  • GOLD

    2,422.90
    +24.90 (+1.04%)
     

  • Bitcoin AUD

    96,280.95
    -492.77 (-0.51%)
     

  • CMC Crypto 200

    1,243.61
    +358.07 (+37.56%)
     

  • AUD/EUR

    0.6001
    -0.0029 (-0.49%)
     

  • AUD/NZD

    1.0873
    -0.0002 (-0.01%)
     

  • NZX 50

    11,755.52
    -80.52 (-0.68%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,837.40
    +67.38 (+0.38%)
     

  • Hang Seng

    16,116.39
    -269.48 (-1.64%)
     

  • NIKKEI 225

    36,818.81
    -1,260.89 (-3.31%)
     

3 things to watch in TikTok CEO testimony to Congress

Yahoo Finance Video

TikTok CEO Shou Zi Chew is set to testify before Congress for the very first time on Thursday. These are 3 things Yahoo Finance will be looking out for.

Number one is national security: How will TikTok address privacy and data security concerns as well as how it handles user data, and what would TikTok do if the Chinese government says hand that data over?

Number two is TikTok’s growth: TikTok this week revealed its monthly active users in the U.S. hit 150M; that's a jump of 50% in the past 2+ years. Any wide-ranging U.S. ban could potentially hurt the more than 100,000 creators using TikTok for extra income.

Number three is influence or interference: 2024 is a presidential election year in the U.S., so expect questions on misinformation, political influence, and even how children are affected by the content.

Key video takeaways

00:14: 3 things to watch with TikTok in D.C.

00:29: TikTok CEO speaks ahead of testifying

01:20: strained relationship