The US House’s bill might just give ByteDance, TikTok’s Chinese parent company, a serious ultimatum: either sell the shares or face the banhammer!
US is now closer to potentially banning TikTok, as the bill received significant support from both sides of the aisle, with 352 votes in favor and only 65 against.
Concerns about Data Privacy and Influence
The House bill doesn’t explicitly ban TikTok but gives ByteDance six months to divest its ownership. However, analysts believe this effectively bans TikTok, as it’s unlikely Beijing would approve a sale to a Western or US-friendly entity. Beijing remains firm, stating it will take all necessary measures to protect Chinese companies abroad.
Infringement on Freedom of Speech
Lawmakers and the administration stand in contrast to a significant portion of TikTok’s 170 million American users, constituting approximately half of the nation’s population. Additionally, civil liberties and digital rights organizations oppose the proposed ban, arguing that it would encroach upon freedom of expression.
The Next Steps of the Bill
President Biden supports legislation for TikTok divestment, with a Senate proposal stalled. The Senate’s RESTRICT Act allows the Department of Commerce to ban apps from “foreign adversaries,” while the House’s “Protecting Americans from Foreign Adversary Controlled Applications Act” originates from the White House.
Will TikTok be banned in the US if the bill passes?
The House version of the bill doesn’t outright prohibit TikTok but provides ByteDance with a six-month window to divest its ownership. However, some analysts view this as an effective ban since it’s unlikely that Beijing would approve the sale of TikTok to a Western or US-friendly entity.
Offer From Ex-Activision Blizzard CEO
Ex-Activision Blizzard CEO, Bobby Kotick eyes TikTok acquisition, anticipating its potential closure. Yet, if TikTok is shut down, advertisers face uncertainty and scramble to strategize budgets. Main question arising: Why only TikTok?
Check out CNN’s report: Italy fines $11 million fine on TikTok for neglecting to safeguard minors.
