ByteDance, the Chinese company behind TikTok, is now reportedly worth over $100 billion
attracted 315 million new downloads in the first quarter and has surpassed over 2 billion downloadsBoth TikTok and its parent company ByteDance have roots in China.
This has made the firm subject to scrutiny from US lawmakers who have major concerns over the TikTok has been on the hunt for a US-based CEO who will work alongside the company's China CEO, as the firm takes steps to eradicate concerns that its Chinese ties pose threats to user censorship and national security. and chief operating officer of ByteDance. Mayer will become the CEO of TikTok starting June 1.
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