TLDR · MISCELLANEOUS

TIKTOK SHAREHOLDERS WHO MAKE ANY ‘DISPARAGING STATEMENT’ ABOUT THE COMPANY RISK HAVING THEIR ENTIRE HOLDINGS SEIZED

finance.yahoo.com8 min read

Summary from the TLDR newsletter

TikTok's shareholder agreement bans current and former employees from criticizing the company or risk losing any stock they own. While the non-disparagement provision is unusual, it isn't illegal as long as it doesn't prevent, intimidate, or punish employees for filing complaints with government agencies. The terms in the agreement defining disparagement are vague. It is unknown whether TikTok has ever seized stock from any shareholders.