In this photo illustration a TikTok logo seen displayed on a smartphone. (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)
TikTok CEO Shou Zi Chew is headed to Congress to testify before the House Energy and Commerce Committee to address questions about the social media platform's privacy and data security practices, its impact on kids, and its relationship with the Chinese government.
"ByteDance-owned TikTok has knowingly allowed the ability for the Chinese Communist Party to access American user data," Committee Chair Cathy McMorris Rodgers (R-Wash. 5th District) said in a press release. "Americans deserve to know how these actions impact their privacy and data security, as well as what actions TikTok is taking to keep our kids safe from online and offline harms."
TikTok denied charges that it has shared personal information with the Chinese Communist Party. “We welcome the opportunity to set the record straight about TikTok, ByteDance, and the commitments we are making to address concerns about U.S. national security before the House Committee on Energy and Commerce," the company said in a statement.
Despite these claims, a number of state governments and universities have banned the use of TikTok on government-owned computer devices in recent weeks. Biden passed a similar ban for the federal government at the end of last year.
Rodgers noted that the hearing fits into the committee's recent pattern of scrutinizing Big Tech.
“We’ve made our concerns clear with TikTok,” she said. "It is now time to continue the committee’s efforts to hold Big Tech accountable by bringing TikTok before the committee to provide complete and honest answers for people.”
The hearing on March 23 will be Chew's first official visit to Capitol Hill. The executive has largely avoided the limelight since taking over in April 2021, while Chief Operating Officer Vanessa Pappas has served as the company's public face in the U.S.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.