TikTok plans second billion-dollar data centre in Finland in move to store European user data locally

Global tech companies are under increasing pressure regarding data localization and privacy. This trend could eventually influence regulatory frameworks in India.

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• •TikTok plans a second billion-dollar data centre in Finland.
• •Move is to store European user data locally.
• •Follows ByteDance averting a US ban on data security.
• •European regulators are intensifying scrutiny on social media platforms.
• •Risk flag: Increased regulatory scrutiny on data privacy globally