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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
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China says TikTok bans by U.S. government show American ‘fear’: ‘How unsure of itself can the U.S. be?’

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The Associated Press
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February 28, 2023, 5:49 AM ET
U.S. government bans on Chinese-owned video sharing app TikTok reveal Washington’s own insecurities and are an abuse of state power, a Chinese Foreign Ministry spokesperson said Tuesday, Feb. 28, 2023.
U.S. government bans on Chinese-owned video sharing app TikTok reveal Washington’s own insecurities and are an abuse of state power, a Chinese Foreign Ministry spokesperson said Tuesday, Feb. 28, 2023.Kiichiro Sato—AP
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U.S. government bans on Chinese-owned video sharing app TikTok reveal Washington’s own insecurities and are an abuse of state power, a Chinese Foreign Ministry spokesperson said Tuesday.

The U.S. government “has been overstretching the concept of national security and abusing state power to suppress other countries’ companies,” Mao Ning said at a daily briefing. “How unsure of itself can the U.S., the world’s top superpower, be to fear a favorite young person’s favorite app to such a degree?”

TikTok is used by two-thirds of American teens, but there’s concern in Washington that China could use its legal and regulatory powers to obtain private user data or to try to push misinformation or narratives favoring China.

Congress and more than half of U.S. states have so-far banned TikTok from government-issued mobile devices.

Some have also moved to apply the ban to any app or website owned by ByteDance Ltd., the private Chinese company owning TikTok that moved its headquarters to Singapore in 2020.

China has long blocked a long list of foreign social media platforms and messaging apps, including YouTube, Twitter, Facebook and Instagram.

Washington and Beijing are at odds over myriad issues including trade, computer chips and other technology, national security and Taiwan, along with the discovery of a suspected Chinese spy balloon over the U.S. and its shooting down earlier this month.

On Monday, Canada announced it was joining the U.S. in banning TikTok from all government-issued mobile devices.

“I suspect that as government takes the significant step of telling all federal employees that they can no longer use TikTok on their work phones many Canadians from business to private individuals will reflect on the security of their own data and perhaps make choices,” Trudeau said.

Canadian Treasury Board President Mona Fortier said the Chief Information Officer of Canada had determined that TikTok “presents an unacceptable level of risk to privacy and security.”

“On a mobile device, TikTok’s data collection methods provide considerable access to the contents of the phone,” Fortier said.

The app will be removed from Canadian government issued phones on Tuesday.

The European Union’s executive branch said last week it has temporarily banned TikTok from phones used by employees as a cybersecurity measure.

TikTok has questioned the bans, saying it has not been given an opportunity to answer questions and governments were cutting themselves off from a platform beloved by millions.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

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