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Illustration: Aïda Amer/Axios

In his first public statement as CEO of TikTok, former Disney exec Kevin Mayer says the company will be releasing that code that drives its content-moderation algorithms so that experts can observe how its policies are enforced in real time. He says TikTok will also reveal its data flows to regulators, and is calling on its rivals to do the same.

Why it matters: It's an unprecedented move that could help defuse concerns from U.S. lawmakers that the app is a data-harvesting tool for the Chinese government. It would also place TikTok ahead of its peers in terms of transparency.

Details: In the post, Mayer conceded that TikTok faces more scrutiny than its U.S. tech rivals "due to the company's Chinese origins."

  • "TikTok has become the latest target, but we are not the enemy," he wrote. "The bigger move is to use this moment to drive deeper conversations around algorithms, transparency, and content moderation, and to develop stricter rules of the road."
  • TikTok will launch a Transparency and Accountability Center in Los Angeles for moderation and data practices that will house all of its data flows and code moving forward. The center will host online tours of its data during the pandemic.
  • Mayer also touted TikTok's new investments in building community within the U.S., including the creation of a $200 million Creator Fund, that he expects to grow to a $1 billion investment in the U.S. and $2 billion globally in the next 3 years, and the creation of 10,000 new TikTok jobs across the U.S.

The big picture: Mayer released his first public statement just hours ahead of the highly-anticipated antitrust hearing on Capitol Hill featuring tech peers Google, Facebook, Amazon and Apple.

  • In his note, he touts the way TikTok "brought successful competition to the marketplace" by providing an entertainment app to U.S. users that was able to quickly break through Google and Facebook's mobile advertising duopoly.
  • "At TikTok we welcome competition. We think fair competition makes all of us better. To those who wish to launch competitive products, we say bring it on."

Our thought bubble: In noting healthy competition, Mayer is extending a much-needed olive branch to his peers ahead of the hearing, some of which have been using TikTok as their primary example of ways competition still exists within the social media market.

Yes, but: Despite the mostly friendly posture, Mayer did take a swipe at Facebook for trying to copy its product.

  • "Facebook is even launching another copycat product, Reels (tied to Instagram), after their other copycat Lasso failed quickly."
  • "But let's focus our energies on fair and open competition in service of our consumers, rather than maligning attacks by our competitor – namely Facebook – disguised as patriotism and designed to put an end to our very presence in the U.S."

Between the lines: TikTok's transparency ideals sound virtuous, but Google and most other platforms have long argued that publicizing their algorithms' workings would make it easier for bad actors to game their services.

  • TikTok's challenge will be to share information in a way that helps the public understand how it works without making it less secure.

What's next: Mayer made it clear that his primary focus as CEO is to ensure that TikTok is available for American users, creators and advertisers for years to come.

  • "We are willing to take all necessary steps to ensure the long-term availability and success of TikTok," he wrote.
  • "We believe it is essential to show users, advertisers, creators, and regulators that we are responsible and committed members of the American community that follows US laws."

Go deeper

Tech platforms' last-minute election rule changes raise risks

Illustration: Sarah Grillo/Axios

Election-related policy changes introduced by tech companies at the last minute will put their efforts to control misinformation in the spotlight over the next few days as the U.S. readies for election results.

Why it matters: Most of the new policies haven't been tested in real time yet, and the platforms have a record of confusion, inconsistency and self-reversal as their rules land on the information battlefield.

Laurel Hubbard to become 1st openly trans athlete to compete at Olympics

New Zealand's Laurel Hubbard at the Gold Coast 2018 Commonwealth Games in Australia, when she became the first openly transgender athlete to represent NZ. Photo: Scott Barbour/Getty Images

The New Zealand Olympic Committee has announced that Laurel Hubbard has been selected for the women's weightlifting team for the Tokyo Games — making her the first openly transgender athlete to compete at the event.

The big picture: Hubbard, 43, is part of a five-member Kiwi weightlifting team and will compete in the women's super heavyweight category. Meanwhile, BMX rider Chelsea Wolfe will become the first openly trans athlete to travel to the Olympics with Team USA, when she arrives in Tokyo as a reserve rider.

American Airlines cuts hundreds of flights amid demand surge

Photo: Joe Raedle/Getty Images

American Airlines announced Sunday that it's cutting some 950 flights from its schedule, including 296 this weekend, to reduce potential pressure on its operations, the Wall Street Journal first reported.

Driving the news: The U.S. vaccine rollout has led to a massive increase in travel bookings. The airline noted in an emailed statement that it's facing an "incredibly quick ramp up of customer demand."