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TikTok Closer to Potential U.S. Ban as House Passes Bill Requiring Sale
The U.S. House of Representatives today approved legislation that would force TikTok owner ByteDance to sell the social media network or face a ban...
The U.S. House of Representatives today approved legislation that would force TikTok owner ByteDance to sell the social media network or face a ban in the United States. U.S. lawmakers want TikTok to be sold to a company outside of China due to concerns that the Chinese government could force ByteDance to hand over data from users located in the United States. There are a limited number of companies with enough capital to be able to afford TikTok, and the obvious choices, such as Google or Meta, would likely be barred from acquiring it due to antitrust concerns.
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