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TikTok could be banned in US after House of Representatives passes bill

Sky News Saturday, 20 April 2024 ()
TikTok could be banned in the US if the social media app's Chinese owner doesn't sell its stake after the House of Representatives voted in support of the measure.
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News video: House Votes on Forced TikTok Divestment by ByteDance

House Votes on Forced TikTok Divestment by ByteDance 01:13

The very much divided US House of Representatives can’t agree on much, however they just took their first steps towards banning beloved social media platform tiktok. Now ByteDance, TikTok’s parent company and one based in China, will have just 270 days to sell or face a complete ban in the United...

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John Oliver Mocks Nancy Pelosi on 'Last Week Tonight' Following House Passage of TikTok Bill | THR News Video [Video]

John Oliver Mocks Nancy Pelosi on 'Last Week Tonight' Following House Passage of TikTok Bill | THR News Video

John Oliver is the latest to mock Nancy Pelosi for her widely ridiculed TikTok pun. On HBO's 'Last Week Tonight,' the host brought up how the U.S. House of Representatives passed a bill that would lead to a ban on TikTok if its China-based owner doesn't sell its stake. The bill passed on concerns that the app poses a national security threat under the ownership of Chinese technology firm ByteDance Ltd.

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Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok [Video]

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Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. On March 13, the House of Representatives passed the bill, which would force ByteDance to divest the platform or face a ban on the app in the U.S. I think the legislation should pass and I think it should be sold. It’s a great business and I’m going to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. However, TikTok CEO Shou Zi Chew has said that selling TikTok is not a viable option. . According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. . Mnuchin has yet to specify the potential valuation of a deal to acquire the social media platform or which investors may be interested in the deal. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok

Credit: Wibbitz Top Stories    Duration: 01:31Published

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