Biden signs bill that would ban TikTok if ByteDance fails to sell the app

April 24, 2024

, By Techcrunch

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President Biden has signed a bill that would ban TikTok if its owner, ByteDance, doesn’t sell it within a year. The bill includes aid for Ukraine and Israel. U.S. Senators passed the bill 79-18 on late Tuesday after the House passed it with overwhelming majority over the weekend.

In an emailed statement to TechCrunch, TikTok said it would challenge the bill in court.

“We believe the facts and the law are clearly on our side, and we will ultimately prevail,” the statement reads. “The fact is, we have invested billions of dollars to keep U.S. data safe and our platform free from outside influence and manipulation. This ban would devastate 7 million businesses and silence 170 million Americans.”

This story is developing…

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Biden signs bill that would ban TikTok if ByteDance fails to sell the app

April 24, 2024

, By Techcrunch

President Biden has signed a bill that would ban TikTok if its owner, ByteDance, doesn’t sell it within a year. The bill includes aid for Ukraine and Israel. U.S. Senators passed the bill 79-18 on late Tuesday after the House passed it with overwhelming majority over the weekend.

In an emailed statement to TechCrunch, TikTok said it would challenge the bill in court.

“We believe the facts and the law are clearly on our side, and we will ultimately prevail,” the statement reads. “The fact is, we have invested billions of dollars to keep U.S. data safe and our platform free from outside influence and manipulation. This ban would devastate 7 million businesses and silence 170 million Americans.”

This story is developing…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Biden signs bill that bans TikTok if ByteDance doesn’t sell

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