Amazon representatives recently met with the House China committee to address concerns over a shopping partnership with TikTok. The August agreement allows TikTok users, whose app is owned by China’s ByteDance, to link accounts with Amazon for direct purchases. The Select Committee warned Amazon that partnering with TikTok is risky due to the threat that the app poses to national security. President-elect Donald Trump now supports "saving" TikTok, a shift possibly influenced by discussions with billionaire Jeff Yass, whose firm holds stakes in ByteDance.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Amazon representatives recently met with the House China Committee to address concerns over
00:06a shopping partnership with TikTok. The August agreement allows TikTok users,
00:10whose app is owned by China's ByteDance, to link accounts with Amazon for direct purchases.
00:15The select committee warned Amazon that partnering with TikTok is risky
00:19due to the threat that the app poses to national security.
00:22President-elect Donald Trump now supports saving TikTok, a shift possibly influenced
00:27by discussions with billionaire Jeff Yass, whose firm holds stakes in ByteDance.