Mar 12, 2024 03:23 PM IST
TikTok’s rule for workers: The company offers restricted stock units (RSU) to employees- as a type of compensation.
Current and former staffers of TikTok should not badmouth the company, it has said as it would come at a huge cost. The company offers restricted stock units (RSU) to employees- as a type of compensation- but they can be taken away as per a provision in a TikTok shareholder agreement, Fortune reported. As per the agreement RSU holders have been barred from making “critical, adverse, or disparaging” comments about the company, its affiliates, or employees because if they do “all of the participant’s restricted share units will be immediately forfeited.”
Read more: Meta CTO on working at Facebook in its early days: ‘Was tougher for Mark Zuckerberg’
As per the report, a former employee told Fortune that he thinks he’s in the company’s crosshairs. Quoting Patrick Spaulding Ryan the report said that TikTok didn’t include him in its latest buyback offer for current and former employees on March 4 as he criticized the disparagement clause on LinkedIn.
Hindustan Times – your fastest source for breaking news! Read now.
This comes as former US president Donald Trump said that TikTok was a national security threat but also said a ban on the app would hurt some kids and strengthen Facebook, which he has also criticized. US lawmakers are set to vote on a bill that would give TikTok’s Chinese owner ByteDance six months to divest the app which is used by almost 170 million Americans.
Read more: Record-breaking Bitcoin is minting over 1,500 ‘millionaire wallets’ a day: What are they
“I’m not looking to make Facebook double the size. And if you if you ban TikTok, (then) Facebook and others, but mostly Facebook, will be a big beneficiary. And I think Facebook has been very dishonest,” Donald Trump said.
TikTok told US Congress that it is “not owned or controlled by the Chinese government” and said that “ironically, US user data could be less secure under a divestment scheme.”
Read more: US recession possible? JPMorgan’s Jamie Dimon says not ‘off the table’. Explains
However, the 2024 Annual Threat Assessment of the US Intelligence Community released said “TikTok accounts run by a PRC propaganda arm reportedly targeted candidates from both political parties during the U.S. midterm election cycle in 2022.”
Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it’s all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
- ABOUT THE AUTHOR
Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.
