TikTokAcquisition

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, […]