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Under the law, TikTok’s parent company ByteDance would be required to sell the platform to an approved buyer within nine months. If a sale is in progress, the company will get a three-month ...
The law, signed by Biden on April 24, gives ByteDance until Jan. 19 to sell TikTok or face a ban. The White House has said it wants to see Chinese-based ownership ended on national security ...
Eight TikTok creators are suing the U.S. government over a law requiring TikTok’s Chinese-owned parent company ByteDance to sell the app or face a ban, arguing it violates their First Amendment ...
The lawsuit is the latest turn in what's shaping up to be a protracted legal fight over TikTok's future in the United States — and one that could end up before the Supreme Court. If TikTok loses, it says it would be forced to shut down next year. The law requires ByteDance to sell the platform to a U.S.-approved buyer within nine months.
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.
Zhang Yiming ( Chinese: 张一鸣; born April 1, 1983) is a Chinese internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok ). As of March 2024, Zhang's personal wealth was estimated at US$40.2 billion, according to Bloomberg Billionaires ...
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