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House passes bill that could lead to a TikTok ban; fight shifts to the Senate - TL;DR CNBC

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.


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Keywords: apple incforeign policytiktokgovernment and politicsalphabet inctechnologyinternetnational securitybreaking news: politicssocial mediabusiness newslegislationunited states house of representativesbytedancebreaking news: technology

Source: https://www.cnbc.com/2024/03/13/house-passes-bill-that-could-lead-to-a-tiktok-ban-fight-shifts-to-the-senate.html


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