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Wednesday, dec 25
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ByteDance
News
TikTok Ban Explained: What's The Fate Of Popular Video Sharing App?
Another sell-or-be-banned TikTok legislation is working its way up to the Senate. The House passed the sell-or-be-banned bill for the app (360-58) on Saturday, April 20 as part of a larger foreign aid package for Ukraine, Israel, and Taiwan, giving Chinese TikTok owner ByteDance up to a year to sell the app. Otherwise, TikTok will be subject to a nationwide ban. According to Politico, the bill is expected to pass the Senate as it's considered "priority legislation" for Majority Leader Chuck Schumer. A previous, standalone bill was passed by the House in March over national security co…