After a vote in the Senate tied to foreign aid late on Tuesday, President Biden will sign into law a requirement for ByteDance to sell or divest its TikTok platform within a year. TikTok could be banned in the US The combination bill including a potential TikTok ban was approved first by the House of Representatives, and now also by the Senate. President Biden says he will sign it into law on Wednesday, April 24, 2024. According to Reuters, the legislation mandates that TikTok will be...
By Laura He, CNN Hong Kong (CNN) — TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social media platform, its first official response on the fraught issue since President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. “Foreign media
By Laura He, CNN Hong Kong (CNN) — TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social media platform, its first official response on the fraught issue since President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. “Foreign media
By Laura He, CNN Hong Kong (CNN) — TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social media platform, its first official response on the fraught issue since President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. “Foreign media
These Wall Street and tech titans need more than likes to get control of the app.
The legislation, which gives ByteDance nine months to sell TikTok and a possible three-month extension if a sale is in progress—now goes to President Biden for signature.
President Joe Biden on Wednesday signed a $95.3 billion foreign aid package that sends much needed weapons to the Ukraine and includes a ban on TikTok.
TikTok creators weren’t surprised to hear that President Joe Biden signed into law a bill that could lead to a TikTok ban, but they’re close to unanimous in their belief that the federal government is wrong to push the legislation forward. For almost four years, since July 2020, a potential TikTok ban has been under consideration by members of the federal government. A bipartisan bill to ban TikTok in the U.S. was first proposed in December 2022, and the version that was just signed into law has...
The bill gives Bytedance nine months to force a sale with a 90-day extension, which is effectively a year to complete the deal. © 2024 TechCrunch. All rights reserved. For personal use only.
Bill gives app owner, ByteDance, a year to divest, and while Biden is expected to sign it, the company plans to fight itThe Senate voted Tuesday to pass a bill that will either ban TikTok or force a sale of the short-form video app, giving its China-based parent company ByteDance up to one year to divest its crown jewel before facing deletion from US app stores.The vote was a landslide, with 79 senators voting in favor and 18 against. The bill passed in the House on Saturday by a margin of 360...
At an e-commerce school, Chinese students practice selling clothes to overseas TikTok users. To understand their target audience, they record themselves on camera wearing hijabs and abaya gowns over casual clothing.It's the final day of a two-week course on selling products abroad via the short video app TikTok. Despite being blocked in China, this platform is increasingly popular among Chinese vendors.To succeed on TikTok, Chinese vendors face a double challenge: bypassing internet restrictions...
The comments from ByteDance come after reports it was exploring the potential sale of the platform.