Asia Financial on Nostr: TikTok Plans Legal Battle as US Senate Passes Divest-or-Ban Bill ========== TikTok ...
TikTok Plans Legal Battle as US Senate Passes Divest-or-Ban Bill
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TikTok and its users in the US are expected to mount a legal battle against a bill passed by the US Senate that requires China's ByteDance to either divest from the app or face a ban in the US. The bill was tucked into a larger foreign aid package and is driven by concerns that China could access Americans' data through the app. TikTok plans to challenge the bill on First Amendment grounds, and experts say the sale of TikTok, if it happens, would be one of the most complicated and expensive transactions in history. The Chinese government has not yet commented on the bill. Once signed into law, ByteDance will have 270 days to divest TikTok's US operations.
#Tiktok #UsSenate #DivestorbanBill #Bytedance #China
https://www.asiafinancial.com/tiktok-plans-legal-battle-as-us-senate-passes-divest-or-ban-bill
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TikTok and its users in the US are expected to mount a legal battle against a bill passed by the US Senate that requires China's ByteDance to either divest from the app or face a ban in the US. The bill was tucked into a larger foreign aid package and is driven by concerns that China could access Americans' data through the app. TikTok plans to challenge the bill on First Amendment grounds, and experts say the sale of TikTok, if it happens, would be one of the most complicated and expensive transactions in history. The Chinese government has not yet commented on the bill. Once signed into law, ByteDance will have 270 days to divest TikTok's US operations.
#Tiktok #UsSenate #DivestorbanBill #Bytedance #China
https://www.asiafinancial.com/tiktok-plans-legal-battle-as-us-senate-passes-divest-or-ban-bill