House passes bill that could lead to a TikTok ban; fight shifts to the Senate
Publishing timestamp: 2024-03-13 12:03:18
Summary
The House approved legislation that calls for China tech giant ByteDance to divest TikTok or the app will be effectively banned in the U.S. The bill now heads to the Senate where its future is uncertain. President Biden has indicated he would sign the bill if passed. Lawmakers claim TikTok poses a national security risk, while others oppose the bill over concerns about First Amendment rights. If the bill passes, TikTok's U.S.-only business could be valued at over $60 billion. Prominent TikTok creators are looking for other ways to diversify their businesses in case of a ban.
Sentiment: MIXED
Keywords: apple inc, foreign policy, tiktok, government and politics, alphabet inc, technology, internet, national security, breaking news: politics, social media, business news, legislation, united states house of representatives, bytedance, breaking news: technology,