China s TikTok to open up for EU scrutiny
Today, 07:05
ByteDance, the Chinese firm which owns the TikTok social media platform, is to open a European Transparency and Accountability Centre in Ireland next year to address EU politicians concerns on how it protects children from advertising and harmful content. We recognise our responsibility to gain the trust of our community and the broader public, it said Tuesday, after consumer groups launched lawsuits against it in 15 EU states in February.
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TikTok plans to open up about how it works to address concerns over privacy and safety
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TikTok to open a ‘Transparency’ Center in Europe to take content and security questions
TikTok will open a center in Europe where outside experts will be shown information on how it approaches content moderation and recommendation, as well as platform security and user privacy, it announced today.
The European Transparency and Accountability Centre (TAC) follows the opening of a U.S. center last year and is similarly being billed as part of its “commitment to transparency”.
Soon after announcing its U.S. TAC, TikTok also created a content advisory council in the market and went on to replicate the advisory body structure in Europe this March, with a different mix of experts.
Builders face price hikes, Finance Ireland IPO, and how to cash in early on a pension Business Today: the best news, analysis and comment from The Irish Times business desk
about an hour ago
Builders face double-figure raw material price hikes as the industry gears up for full re-opening next week, reports Barry O’Halloran. Builders suppliers are warning customers of price increases ranging from 5 per cent to as much as 20 per cent for timber, insulation, plastic piping, electrical goods and other key construction materials in recent weeks.
Non-bank lender Finance Ireland will look at floating on the stock market in the second half of next year at the earliest, according to chief executive Billy Kane. Joe Brennan writes that the company was forced to abandon plans for a €100 million-plus IPO in May 2020 as the rapid spread of Covid-19 globally threw equity markets into turmoil.
Updated / Tuesday, 27 Apr 2021
09:13
TikToc s new European Transparency and Accountability Centre will not result in new jobs as it will be staffed by the company s existing workforce here
Social media platform TikTok has announced it will open a new European Transparency and Accountability Centre in Ireland after the establishment of a similar centre in the US.
TikTok s Irish operations have expanded rapidly in the last year and the Chinese social media company employs about 1,100 in Ireland, after starting off with just 20 people in January 2020.
The new centre announced today will not result in new jobs as it will be staffed by the company s existing workforce here.
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