TikTok is challenging the app ban. The US government is now planning to block another Chinese company, DJI.
TikTok Ban
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TikTok and ByteDance sue US government over law potentially banning TikTok, arguing it violates free speech.
A former TikTok executive claims that CEO Shou Zi Chew mainly serves as a "conduit" for ByteDance executives who truly make the decisions for the platform.
TikTok influencers, previously strong supporters of President Biden's message. They express uncertainty and disappointment over his backing of a law requiring ByteDance to sell its TikTok stake, fearing its impact on their livelihoods and political outreach efforts.
ByteDance, the parent company of TikTok, has firmly stated that it has no plans to sell the business, despite the recent US law that requires it to do so or face a ban in America.
TikTok CEO Shou Zi Chew is confident that US legislators won't successfully ban TikTok in the country, following a newly approved bill that gives the app 270 days to change ownership or face ban.
TikTok and its China-based parent company, ByteDance, have collectively spent over $7 million to counter its potential US ban.
TikTok users is likely to find that the popular social media platform is either under new ownership or, but not immediately, totally banned in the US.
Former President Donald Trump said Monday that President Joe Biden would be the one responsible if TikTok is banned in the US as he was "pushing" for it.
ByteDance, the parent company of TikTok, saw a massive surge in profits in 2023, surpassing industry giants like Tencent and Alibaba Group, despite the TikTok ban in the US.
Under the Trump administration, former US Treasury Secretary Steven Mnuchin expressed interest in buying TikTok and removing its algorithm within six months.
TikTok is facing another setback after the Federal Trade Commission (FTC) reportedly launched a probe into the social media platform's data and security practices.
Vice President Kamala Harris has assured the public that the Biden administration has no intentions of banning the popular video-sharing app TikTok.
After the US House and Senate overwhelmingly voted for a TikTok ban bill, concerns of potential retaliation from China emerged, particularly those heavily reliant on the Chinese market like Apple and Tesla.
A Republican megadonor has issued a warning against GOP lawmakers who will not support a bill that could ban TikTok in the US.
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