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    AAPL   US0378331005

APPLE INC.

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A U.S. FCC commissioner urges Apple, Google to boot TikTok from app stores

06/29/2022 | 07:29pm EDT
TikTok app is seen on a smartphone in this illustration

WASHINGTON/NEW YORK (Reuters) - A Republican member of the Federal Communications Commission has urged the chief executives of Apple Inc and Alphabet Inc's Google to kick Chinese-owned TikTok out of its app stores.

Brendan Carr, the FCC commissioner, said in a letter to the CEOs, dated June 24 and sent on FCC letterhead, that video-sharing app TikTok has collected vast troves of sensitive data about U.S. users that could be accessed by ByteDance staff in Beijing. ByteDance is TikTok's Chinese parent.

Carr tweeted details of the letter on Tuesday.

"TikTok is not just another video app. That's the sheep's clothing," Carr said on Twitter. "It harvests swaths of sensitive data that new reports show are being accessed in Beijing."

Carr asked the companies to either remove TikTok from their app stores by July 8 or explain to him why they did not plan to do so.

Carr's request is unusual given that the FCC does not have clear jurisdiction over the content of app stores. The FCC regulates the national security space usually through its authority to grant certain communications licenses to companies.

A TikTok spokeswoman said the company's engineers in locations outside of the United States, including China, can be granted access to U.S. user data "on an as-needed basis" and under "strict controls."

Google declined comment on Carr's letter, while Apple did not immediately respond to a request for comment.

TikTok has been under U.S. regulatory scrutiny over its collection of U.S. personal data. The Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks, ordered ByteDance in 2020 to divest TikTok because of fears that U.S. user data could be passed on to China's communist government.

To address these concerns, TikTok said earlier this month that it migrated the information of its U.S. users to servers at Oracle Corp.

A spokesperson for the U.S. Department of the Treasury, which chairs CFIUS, did not immediately respond to a request for comment.

"What we're seeing here from Commissioner Carr is a suggestion that at least some parts of the U.S. government don't think that this is enough," Richard Sofield, a national security partner at law firm Vinson & Elkins LLP, said about TikTok's partnership with Oracle.

(Reporting by Diane Bartz in Washington, D.C., and Echo Wang in New York; Editing by Leslie Adler)

By Diane Bartz and Echo Wang


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.31% 121.7 Delayed Quote.-15.98%
APPLE INC. -0.09% 173.03 Delayed Quote.-2.56%
CARR'S GROUP PLC 2.88% 143 Delayed Quote.-10.63%
CHAINLINK (LINK/USD) -1.31% 8.649 End-of-day quote.-58.32%
ORACLE CORPORATION 0.52% 79.52 Delayed Quote.-8.82%
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Financials (USD)
Sales 2022 393 B - -
Net income 2022 99 563 M - -
Net cash 2022 56 181 M - -
P/E ratio 2022 28,4x
Yield 2022 0,52%
Capitalization 2 781 B 2 781 B -
EV / Sales 2022 6,94x
EV / Sales 2023 6,56x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 45
Last Close Price 173,03 $
Average target price 179,85 $
Spread / Average Target 3,94%
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Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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