ByteDance Says , It Won't Sell TikTok.
The United States passed a law on April 24 that requires ByteDance to sell TikTok
in 2025 or be banned across the nation.
The United States passed a law on April 24 that requires ByteDance to sell TikTok
in 2025 or be banned across the nation.
In response to a news article claiming ByteDance was considering selling TikTok
in America without its algorithm.
the Chinese company said,
"Foreign media reports of ByteDance
selling TikTok are not true," BBC reports. .
ByteDance doesn't have
any plans to sell TikTok, ByteDance, via statement.
TikTok has continuously denied claims that its parent company is controlled by the Chinese government.
We are confident and we will keep
fighting for your rights in the courts, Shou Zi Chew, TikTok CEO, via statement.
The facts, and the Constitution,
are on our side... rest assured,
we aren't going anywhere, Shou Zi Chew, TikTok CEO, via statement.
The Chinese government, which has also denied
any ties to ByteDance, said that banning TikTok
would "inevitably come back to bite the U.S.".
BBC reports that 60% of TikTok shares are currently "owned by institutional investors, including major U.S. investment firms.".
20% is owned by ByteDance founder Zhang Yiming, and 20% is owned by global employees.
Out of ByteDance's five board members,
three are American, BBC reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
TikTok is suing the US government over a law that seeks to force the app's Chinese owner ByteDance to sell it within nine months or ban its use in America. Sky News
Senate Passes $95 Billion , Foreign Aid Package.
On April 23, the U.S. Senate voted
79-18 to approve foreign aid for Ukraine,
Israel and Taiwan, 'The Guardian' reports. .
Today the Senate sends a unified
message to the entire world:
America will always defend
democracy in its hour of need, Senate Majority Leader Chuck Schumer, via statement.
Make no mistake, America will deliver
on its promise to act like a leader on the
world stage, to hold the line against
autocratic thugs like Vladimir Putin. , Senate Majority Leader Chuck Schumer, via statement.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
A provision to ban TikTok
after the election if ByteDance refuses
to sell the platform is also included.
The legislation will now head to President Biden, who told Ukrainian President Volodymyr Zelensky on
April 23 that he will "move quickly" to provide aid.
Senate Majority Leader Chuck Schumer praised House Speaker Mike Johnson, .
Senate Majority Leader Chuck Schumer praised House Speaker Mike Johnson, .
with whom he worked "hand in hand and shoulder to shoulder to get this bill done.".
A lot of people inside and
outside the Congress wanted this
package to fail. But today those in
Congress who stand on the side of
democracy are winning the day, Senate Majority Leader Chuck Schumer, via statement.
Senate Republican Leader Mitch McConnell also issued a statement.
Today’s action is overdue, but our work
does not end here. Trust in American
resolve is not rebuilt overnight. Expanding
and restocking the arsenal of democracy
doesn’t just happen by magic, Senate Majority Republican Leader Mitch McConnell, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Congress Sends Biden a Bill , That Could Ban TikTok.
Included within Congress' $95 billion national security package is a provision that could
lead to TikTok being banned in America.
Included within Congress' $95 billion national security package is a provision that could
lead to TikTok being banned in America.
However, the ban would take place
after the 2024 election, NBC News reports. .
This means that TikTok could still be used by candidates seeking the nation's highest
office who want to reach younger voters.
This means that TikTok could still be used by candidates seeking the nation's highest
office who want to reach younger voters.
The new bill gives TikTok parent company ByteDance nine months to sell the
platform or be banned in the U.S.
A one-time, 90-day extension can
be granted by the president.
Without an extension, the earliest a ban
could be implemented is January 2025.
Some Democrats say that ByteDance would rather sell TikTok than be banned in America.
TikTok ain’t going away. There is
no more capitalistic entity than
an organization controlled by
the Chinese Communist Party.
They’re going to sell it, Sen. Tim Kaine, D-Va., a member of the
Armed Services Committee, via NBC News.
Young people will go on their
TikTok tomorrow and they’ll still
have it. And then the day after
that, they’ll still have it. And the
day after that, they’ll still have it.
If you like it, you’re going to keep it, Sen. Tim Kaine, D-Va., a member of the
Armed Services Committee, via NBC News.
Donald Trump issued a statement seeking to
exploit the development for his own political gain.
Just so everyone knows, especially the
young people, Crooked Joe Biden is
responsible for banning TikTok. He is the one
pushing it to close … Young people, and lots of others, must remember this on November 5th, ELECTION DAY, when they vote!, Donald Trump, via Truth Social
Credit: Wibbitz Top Stories Duration: 01:31Published
The San Diego brewing industry is facing a social reckoning. Virginia Morrison from Second Chance Beer Company says the change started on social media. A female brewer posted this Instagram story..
Credit: ABC 10 News | San Diego Duration: 02:03Published
Zhang Yiming, founder and CEO of ByteDance, is stepping down from his position.
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