Following the signing of the TikTok ban bill by US President, TikTok released a statement reiterating its decision to challenge it in courts.
The U.S. Senate on Tuesday approved legislation requiring the wildly popular social media app TikTok to be divested from its Chinese parent company ByteDance or be shut out of the American market. The measure was part of a $95 billion foreign aid package, including military assistance to Ukraine, Israel and
ByteDance, owner of short-form video platform TikTok, insisted it would close the platform in the US before moving to divest its interest, as the algorithms supporting the app are vital to it, Reuters reported.
TikTok is vowing to challenge a potential U.S. ban of its app.
The US government approved the landmark national security package which was signed into law by President Joe Biden yesterday. The new regulation effectively gives TikTok parent company ByteDance an ultimatum to sell TikTok’s US business to a local company in the next nine months or face an effective ban on the platform. Reuters is now reporting that ByteDance is not willing to sell off TikTok to a US company and would rather have its platform shut down. TikTok’s algorithms are deemed core to...
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...
The Senate followed through with congressional plans to force the sale of TikTok on Tuesday despite vows from its Chinese owners that it will fight the legislation in court. The measure, tucked into a $95 billion package on foreign aid that passed the upper chamber 79-18, now heads to the desk of President Joe Biden, […]
This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. Unilever is to scale back its environmental and social aims, provoking critics to say its board should “hang their heads in shame.” The consumer goods company behind brands ranging from Dove beauty products to Ben & Jerry’s ice-cream was […]
An anti-TikTok bill will likely pass the Senate this week. But TikTok isn't going away any time soon.
The GOP-led House passed a bill over the weekend that requires ByteDance, the Beijing-based tech company, to sell its stake in the US-based business.
(Bloomberg) -- TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve a bill aimed at forcing the social-media platform’s Chinese parent ByteDance Ltd. to divest its controversial ownership stake.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainElon Wants His Money BackBankers Hit With...