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TikTok
Apr 21, 2024 6:11:07 GMT
Post by Admin on Apr 21, 2024 6:11:07 GMT
On the 20th, the U.S. House of Representatives passed a bill that would ban the use of the Chinese video-sharing app TikTok unless its operator sells its American operations within one year.
The bill would require ByteDance, the Chinese company that operates TikTok, to sell its U.S. operations to a non-Chinese company, and if it refuses, it would be banned from using the app. A similar bill was passed in March 2024, but the sale period was revised from six months to one year in consideration of the Senate, which is deeply cautious.
The bill was also passed along with an emergency budget bill to support countries such as Ukraine, and is also forcing the Senate to speed up its deliberations.
President Biden has indicated that he intends to sign the bill if it passes both houses of Congress, and all eyes are on the bill's deliberations in the Senate.
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TikTok
Apr 22, 2024 4:27:18 GMT
Post by Admin on Apr 22, 2024 4:27:18 GMT
On April 20, the U.S. House of Representatives passed a bill that would require China's ByteDance to sell TikTok's U.S. operations and ban the app from use in the U.S. if the company fails to do so. The House of Representatives passed the bill along with important aid to Ukraine and Israel.
The Senate is expected to vote on the bill soon, and President Biden has said he will sign the bill if it passes Congress. However, there are several challenges to banning this app, and there is a possibility that the ban will not materialize.
The bill, passed by the House of Representatives on a 360-58 vote, would require China's ByteDance, which operates TikTok, to sell the app within 270 days to a buyer who is not controlled by a foreign adversary such as Russia, China or Iran. (with the option of a 90-day extension by the president if progress is made toward a sale). If you do not accept the sale, the app will be banned.
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TikTok
Apr 24, 2024 2:57:51 GMT
Post by Admin on Apr 24, 2024 2:57:51 GMT
(Bloomberg) -- On the night of the 23rd, the U.S. Senate passed a bill that would require China's ByteDance to sell the U.S. business of video-sharing app TikTok. It received bipartisan support from lawmakers concerned that China could use data collected from the app's more than 170 million U.S. users for propaganda purposes.
The bill, which also includes aid to Ukraine, Israel and Taiwan, passed the Senate by a vote of 79-18.
President Biden has announced that he will sign the bill, which was also passed by the House of Representatives, and if ByteDance does not sell, it will become law to ban TikTok in the United States.
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TikTok
Apr 24, 2024 18:41:27 GMT
Post by Admin on Apr 24, 2024 18:41:27 GMT
(Bloomberg): Video-sharing app TikTok has been called “unconstitutional” by a law that would ban it in the U.S. unless its Chinese parent company ByteDance sells its U.S. operations. He asserted that he intended to fight the matter in court.
``We are convinced that the facts and the law are clearly on our side, and in the end we will win,'' TikTok posted on the social media site X (formerly Twitter).
Company executives have remained largely silent since Congress included TikTok in legislation that included aid to Ukraine and Israel. The bill is meant to address national security concerns that the Chinese government could access user data and influence the content of apps through parent company ByteDance.
ByteDance must sell its shares in time before the ban goes into effect. The company intends to use all legal avenues to challenge this law.
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