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Penny Stock Enthusiasts, The Momentum Continues: As U.S. Markets Rally to Historic All-Time Highs - Higher Than the Dot-Com Boom Era - ELEKTROS Inc. Celebrates a Strong Friday Closing Surge of 33.33% While Continuing to Aggressively Advance Its Lithium Mining and EV Patent Technology
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As U.S. Markets Continue Soaring to Historic All-Time Highs Reminiscent of the Dot-Com Boom Era, ELEKTROS Inc. Celebrates a Powerful 33.33% Friday Surge While Advancing Its Vision in Lithium Mining, EV Infrastructure, and Next-Generation Electrification Technologies
Ottawa to shut TikTok's Canada operations, says app can still be used
Ottawa said Wednesday it is shutting TikTok's operations in Canada following a security review, but Canadians will still be allowed to use the popular video sharing app.
"The government is taking action to address the specific national security risks related to ByteDance Ltd.'s operations in Canada," Francois-Philippe Champagne, minister of innovation, science and industry, said in a statement.
Ottawa is not imposing restrictions on Canadian users of TikTok, which has come under scrutiny for its ownership under China-based ByteDance.
"The decision to use a social media application or platform is a personal choice," Champagne said.
Canada banned TikTok from all government devices last year and launched a security review of the application.
Champagne said Wednesday's decision was made in accordance with a law that "allows for the review of foreign investments that may be injurious to Canada's national security."
A cyber expert at the University of Ottawa, Michael Geist, said "there may well be good reasons" to ban the app but warned the move could be counterproductive.
"Banning the company rather than the app may actually make matters worse since the risks associated with the app will remain but the ability to hold the company accountable will be weakened," Geist wrote in an online post.
TikTok also faces a ban in the United States if it remains owned by ByteDance -- a threat the company is battling in a federal appeals court, arguing that it violates free speech rights.
The US government alleges that TikTok allows Beijing to collect data and spy on users. It also says the platform is a conduit to spread propaganda.
China and the company strongly deny these claims.
H.E.Young--AMWN