The future of TikTok in the US became less clear after President Biden signed a bill that could lead to the app’s removal from app stores. Here’s a breakdown of the situation:
US Concerns and Potential Divestiture:
The bill, passed by both houses of Congress, raises national security concerns regarding TikTok’s ownership by ByteDance, a Chinese company. The legislation requires ByteDance to divest TikTok within a year, with a possible three-month extension. If a sale isn’t finalized, the app could be banned from being distributed in the US.
TikTok’s Response and Legal Challenge:
TikTok has strongly opposed the bill, stating its commitment to data security and independence from external influence. The company plans to challenge the legislation in court, arguing it’s unconstitutional.
Economic Impact and Creator Concerns:
TikTok emphasizes its positive economic impact in the US, citing a recent report claiming it generated $14.7 billion for small and medium-sized businesses. Additionally, many creators and users express concerns about the potential loss of a popular platform for expression and entertainment.
Unresolved Issue Awaits Developments:
The situation remains unresolved as the legal battle unfolds. It’s unclear whether a potential sale will occur, and what the long-term fate of TikTok in the US might be.