Top
image credit: Unsplash

TikTok owner spent record amount lobbying in 2022 as it faces national security concerns, ban threats

January 27, 2023

Via: Fox News

TikTok’s Chinese parent company ByteDance and its subsidiaries spent a personal record amount lobbying in 2022 as the social media giant faces national security concerns and threats of bans in the United States.

ByteDance and its subsidiaries finished last year by dropping around $1.2 million into its lobbying activity during the fourth quarter, new disclosures show, bringing its 2022 total to about $5.4 million. In 2021, the company had spent nearly $5.2 million on its influence campaign, its previous high.

Read More on Fox News