TikTok’s top management has been summoned by Malaysian authorities over the social media company’s alleged delays in tackling fake news on its platform, Reuters reports, citing state news agency Bernama. Malaysia’s communications minister Fahmi Fadzil says ByteDance’s TikTok has been too slow in responding to requests for assistance in police investigations, prompting him to ask the firm’s CEO for help, according to the report. Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Abu Dhabi’s G42 seeking chip options beyond Nvidia, Semafor reports
- OpenAI Targets India for Next Massive Stargate Data Center
- AI Race: U.S. Bets Billions on AGI While China Pushes Practical Gains
- Why Media Billionaire John Malone Expects Tech Giants to Dominate TV
- META or GOOGL: Top Analyst Picks the ‘Top Consumer AI Play’