TikTok has become a global giant. The US is threatening to rein it in

The social media platform has had its fair share of run-ins with misinformation, data privacy and child safety concerns

• Read the new Guardian series exploring the increasing power and reach of TikTok

For much of the tech industry, this summer was a season of economic uncertainty - one that led to a drop in bitcoin prices, hundreds of laid-off workers, and a hiring freeze. For the video platform TikTok, it was also the summer that US regulators crossed the aisle to come to something of a consensus: it was time for stricter rules.

Since Buzzfeed reported in June that employees of TikTok's Chinese parent company ByteDance had access to US consumer data, TikTok has been the focus of rare bipartisan calls for regulation and inquiry.