Since then, the USA military and several government agencies, including the Department of Homeland Security, have prohibited their troops and employees from using the app, and President Donald Trump has floated the idea of banning the app from operating in the United States entirely - though he cited China's response to the coronavirus pandemic as his reason for wanting to curb its use. The Committee on Foreign Investment in the United States (CFIUS), which approves foreign purchases of USA companies, has brought up concerns about data belonging to the many teens and others that use TikTok, being sent to Beijing.
Earlier in the day, treasury secretary Steve Mnuchin said that the U.S. government was carrying out a national security review on TikTok and that his department would advise Trump what, if any, action he should take against it later this week.
The creator fund's launch comes as TikTok comes under increased scrutiny in the US, where some lawmakers are urging the government to ban the ByteDance-owned app due to concerns about its data processing activities and alleged ties with Beijing.
Mnuchin said he'd make a recommendation to Trump this week.
Staffers from Democrat Joe Biden's presidential campaign must remove TikTok from personal and work phones, a campaign official told The Report Door.
The memo also bans staff from trading individual stocks without approval from the campaign's general counsel, an unusual step for a presidential campaign.
Last week, the U.S. Senate Committee on Homeland Security and Governmental Affairs unanimously passed a bill that would bar U.S. federal employees from using TikTok on government-issued devices.
But policymakers have grown increasingly concerned over TikTok's close ties China, worrying its data collection could become a national security threat if the company shares user information with China's communist regime.
The same security concerns about the app are picking up steam in the USA, there are fears that the data of American users is falling into Beijing's hands.
The $200 million fund that TikTok has now announced for creators in the USA will be distributed over the coming year and is expected to grow over that time.
TikTok is in the crosshairs of the Trump administration as U.S.
For example, Secretary of State Mike Pompeo recently said Americans should be cautious in using the app.
TikTok isn't part of that hearing, but its name is likely to come up repeatedly - either as a sign that the industry is competitive or a warning about the dangers of breaking up its largest companies.
TikTok created a US$200-million fund that will be distributed to some USA users with large followings to encourage them to continue providing innovative content, the company said. Zuckerberg's Facebook is rolling out its competitor at an especiallu rapid clip, and is expected to roll out in early August for users in the USA a new TikTok-like format inside of Instagram called Reels.