FMP

FMP

Enter

Popular short video platform TikTok is fending off a cyberattack that targeted brand and celebrity accounts, including news giant CNN. Breaches and Backlash:

TikTok Under Attack: Short Video App Battles Cyber Assault

-

twitterlinkedinfacebook
blog post cover photo

Image credit: Alexander Shatov

Popular short video platform TikTok is fending off a cyberattack that targeted brand and celebrity accounts, including news giant CNN.

  • Breaches and Backlash: The attack compromised a "very small" number of accounts, according to TikTok. They're working to restore access and bolster security for affected users, like CNN. Reality TV personality Paris Hilton was reportedly a target but her account remains secure.
  • National Security Concerns Loom Large: This incident comes amidst an ongoing battle between TikTok's parent company ByteDance and the US government. The US is pressuring ByteDance to sell TikTok over national security concerns, fearing Chinese access to user data.
  • TikTok's Defense: ByteDance is challenging the forced sale in court, insisting they wouldn't share user information with China. Additionally, TikTok highlights its efforts to safeguard user privacy.

This situation underscores the growing challenge of cybersecurity, especially for social media platforms. As the investigation unfolds, it will be interesting to see how TikTok manages this issue and navigates the complex US-China tech landscape.

Confused by stock market jargon? Our Key Metrics API cuts through the noise! Get the key numbers on any public company: revenue, profit, and price-to-earnings ratio. See how they stack up against the competition. Stop guessing and start making smarter investment decisions with real data. Dive deeper: [https://intelligence.financialmodelingprep.com/documentation#statement-analysis].

Other Blogs

Oct 31, 2023 8:03 AM - Parth Sanghvi

FCFF vs FCFE: What's the Difference?

Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...

blog post title

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep