A congressional TikTok smackdown
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TikTok’s CEO faced bruising questioning in US Congress over the social media app’s links to its Chinese parent company ByteDance, short seller Hindenburg Research has accused payments group Block of artificially inflating its user numbers and facilitating fraudulent transactions, and the wipeout of $17bn of Credit Suisse bonds has sparked panic among rich Asian investors who had loaded up on the risky bank debt.
Mentioned in this podcast:
TikTok chief faces hostile Congress in bid to fight off US ban
Hindenburg Research shorts Jack Dorsey’s payments group Block
Asia investors ‘gobsmacked’ by $17bn Credit Suisse bond wipeout
Crypto fugitive Do Kwon arrested in Montenegro, says interior minister
Credit: Cash App Music Video Compilation (Hindenburg Research)
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com