A recent House bill aimed to ban TikTok in the US, highlighting concerns about data security and China’s influence. Stay updated on the progress of the draft legislation and its possible impact on the popular social media platform.
Has the law to ban Tiktok passed?
The bill to ban TikTok was recently passed by the House of Representatives, this bill is a guide to banning TikTok in the US or may lead to a separate Chinese parent company, ByteDance. This bill passed bipartisan support, but its fate in the Senate remains uncertain.
This action is for TikTok Chinese property, concerns about a possible data breach. However, TikTok disagrees with any goal of sharing user data with Beijing. To point to the House of Representatives’ decision, TikTok is pushing hard against the bill, fighting to infringe on freedom of expression.
This decision is due to concerns about data security and China’s influence. The law still needs to be adopted by the Senate, and will be signed by President Biden. There is a lot of talk about the TikTok ban, so we will wait for confirmed news.
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Are they really banning TikTok?
TikTok strongly opposes the idea, blaming the process as secretive and arguing that the proposed law is essentially a ban on masks. The company launched a strong push, encouraging users to contact Congress.
Despite these efforts, if the bill passes the Senate, TikTok faces many challenges. The company plans to use the legal route to challenge the ban and is cautious about selling its US operations. Potential buyers may not have been sold on antitrust laws and the need for Beijing’s approval.
Amid these uncertainties, TikTok’s investors are considering an initial public offering, but leaving the US market could affect its value.
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Categories: General
Source: HIS Education