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TikTok is suing the United States government in an effort to stop enforcement of a bill passed last month that seeks to force the app’s Chinese owner to sell the app or have it banned.. The ...
The law, signed by Biden on April 24, gives ByteDance until Jan. 19 to sell TikTok or face a ban. "For the first time in history, Congress has enacted a law that subjects a single, named speech ...
The potential ban would require the platform’s parent company, the China-based ByteDance, to divest from TikTok and sell to a U.S.-based company by Jan. 19, 2025, ...
The revised legislation extends the deadline, giving ByteDance nine months to sell TikTok, and a possible three-month extension if a sale is in progress. The bill would also bar the company from controlling TikTok’s secret sauce: the algorithm that feeds users videos based on their interests and has made the platform a trendsetting phenomenon.
The law requires TikTok’s parent, ByteDance, to sell the platform within nine months. If a sale is already in progress, the company will get another three months to complete the deal.
TikTok said its business was distinct, and the government could not dictate ownership of "privately created speech forums". It said it had spent more than $2bn in an effort to address US concerns ...
The result was that TikTok owner ByteDance—which initially planned on selling a small portion of TikTok to an American company—agreed to divest TikTok to prevent a ban in the United States and in other countries where restrictions are also being considered due to privacy concerns, which themselves are mostly related to its ownership by a ...
TikTok, whose mainland Chinese counterpart is Douyin, is a short-form video hosting service owned by Chinese internet company ByteDance. It hosts user-submitted videos, which can range in duration from three seconds to 10 minutes. It can be accessed with a smart phone app.
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