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Potential Ban

All articles tagged with #potential ban

businesstech1 year ago•2 min saved

"TikTok's Battle Against Potential U.S. Ban Gains Momentum in Congress"

TikTok has increased its ad spend to over $4.5 million in an effort to combat a potential U.S. ban, as Congress moves to fast-track legislation requiring parent company ByteDance to divest the app. The House bill, tied to aid for Ukraine and Israel, would give ByteDance nine months to divest TikTok or face a U.S. ban, with President Biden indicating he would sign it into law. Senate Commerce Committee Chair Maria Cantwell has endorsed the bill, and TikTok's increased ad spend targets key battleground states represented by vulnerable Senate Democrats. The company's ads aim to influence the debate over protecting U.S. TikTok users' data from China's government.

via CNBC|

#ad-spend #businesstech #bytedance

technology1 year ago•2 min saved

"TikTok Photos: The New App Set to Challenge Instagram's Dominance"

TikTok is reportedly working on a new app called "TikTok Photos" to compete with Instagram's photo feed, allowing users to share photos with friends and family. This comes amid concerns about a potential ban on TikTok in the US, with the House of Representatives set to vote on a bill that could prohibit the platform. President Joe Biden has expressed support for the ban, citing concerns about user data being shared with the Chinese government.

via 9to5Mac|

#instagram #photo-app #potential-ban

businesstech1 year ago•3 min saved

"TikTok Faces Uncertain Future as Companies and Politicians Weigh In"

Former Activision Blizzard CEO Bobby Kotick is reportedly seeking partners to potentially buy TikTok from China's ByteDance, as the US government considers legislation that would force ByteDance to divest from the popular app or face a ban in the US. The potential purchase price is said to be in the hundreds of billions of dollars, and Kotick has been approaching potential partners, including OpenAI's Sam Altman. However, the bill's passage is uncertain, facing potential opposition in the Senate over free speech concerns, and there are political considerations given TikTok's popularity among young voters.

via Forbes|

#bobby-kotick #businesstech #bytedance

technology2 years ago•3 min saved

TikTok's Future Uncertain Amid Security Concerns and Government Probes.

Some TikTok users remain unfazed by the potential ban threatened by the Biden administration if the app's Chinese owners refuse to sell their stakes. The online response appears to be less severe than when the Trump administration floated a ban. Some users are not concerned because they think TikTok could get sold to a U.S.-based company, meaning it wouldn't disappear completely. Content creators have been branching out beyond TikTok to broaden their following, and some have already been on multiple platforms since 2020.

via NBC News|

#biden-administration #bytedance #content-creators

technology2 years ago•1 min saved

US Government Demands TikTok Sale or Faces Nationwide Ban

The Biden administration has demanded that the Chinese owners of TikTok sell their stakes in the social media app or face a possible ban in the US due to security concerns about the video-sharing app. The Committee on Foreign Investment in the United States (CFIUS) has been negotiating with TikTok for over two years on a way to let the app keep operating in the US. TikTok has countered that a sale wouldn't solve the perceived security problems and is still going ahead with "Project Texas," a plan to route user traffic through Oracle's cloud servers.

via The Hill|

#cfius #chinese-ownership #national-security