- U.S. Senators have expressed concerns and sought clarity regarding ByteDance Ltd-owned TikTok’s collection of biometric identifiers under its updated privacy policy.
- TikTok milked its pandemic triggered popularity by automatically collecting biometric data, including faceprints and voiceprints from its almost 130 million users.
- TikTok previously planned to seek permissions to collect faceprints and voiceprints without much elaboration, TechCrunch reports. TikTok needs to respond to the Senators by Aug. 25.
- Earlier this year, TikTok settled a class-action lawsuit for collecting users’ biometric data and sharing it with third parties.
- Amazon.com Inc (NASDAQ:AMZN) also came under regulatory scanner on similar grounds. Facebook Inc (NASDAQ:FB) was also not spared.
- Price Action: FB shares traded lower by 0.14% at $354.97 on the last check Thursday.
If You Invest $1000 In Cathie Wood’s Ark Innovation ETF, Here’s How Much Tesla, Zoom, And 32 Stocks You’re Buying
Exchange-traded fund (ETF) investors generally see ETFs as safer investments over individual stocks because of their exposure to numerous stocks, sometimes spanning multiple sectors.