Business NewsTikTok Under Fire Reveals $13 Billion Drop In Founder’s Fortune
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TikTok Under Fire Reveals $13 Billion Drop In Founder’s Fortune
Zhang Yiming’s estimated net worth has dropped to $42.3 billion after a US testimony detailed a smaller ByteDance ownership stake than previously known.
(Bloomberg) -- TikTok CEO Shou Chew’s testimony before Congress last week has done little to assuage US security concerns surrounding the social-media company.