Clock Ticking: TikTok Ban More Likely Than Divestment
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President Biden signs TikTok bill into law; clock is ticking on the app's possible US ban
President Joe Biden has now signed the TikTok bill into law. That means the social network's Chinese owners at ByteDance have 270 days to sell it, or the TikTok app could be banned from US app stores.
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Clock starts on TikTok ban
Today, President Joe Biden took a decisive step by signing a bill that could ban TikTok in the U.S. unless its Chinese owner, ByteDance, divests from the company within nine months. This move echoes a long history of limiting foreign ownership of communications companies, dating back to the founding of this country. Also in this episode: Boeing’s financial woes, the NBA’s media bidding war and New England’s free college frenzy.
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Why TikTok Will Likely Be Banned — And Not Sold — In The US
The United States is giving ByteDance, the Chinese owner of TikTok, a stark choice — divest the popular video app