🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

TikTok divestment bill would give government stronger legal position: US DOJ

Economic Times

Economic Times · 1y ago

TikTok divestment bill would give government stronger legal position: US DOJ

The US government believes it would have a stronger legal position if legislators ordered Chinese company ByteDance to divest TikTok instead of banning it, according to a document from the Justice Department. Lawmakers and the Biden administration have raised concerns about national security risks posed by TikTok's access to sensitive data. The one-page document highlights the need to separate TikTok from its Chinese-based parent and states that divestment would allow Americans to retain ownership of their data while minimizing disruption. A bill requiring divestment was unanimously approved by the House Energy and Commerce Committee. TikTok maintains that it has not shared US user data with the Chinese government.

Related News

Watch: TechCrunch Minute: A TikTok ban is looking more and more like impending reality

TechCrunch · 1y ago

Watch: TechCrunch Minute: A TikTok ban is looking more and more like impending reality

The House of Representatives in the United States has voted in favor of a bill that would require the divestment of TikTok or potentially ban the app altogether. The bill will now move on to the Senate for further consideration. Meanwhile, TikTok users are expressing their frustration and fighting against the potential ban, with concerns about the impact on small businesses. Although there is talk of a possible divestment, the Chinese government has indicated its opposition to any sale. Thus, the bill may effectively become a single-issue law.

Donald Trump calls TikTok a threat but says some kids could 'go crazy' without it

Economic Times

Economic Times · 1y ago

Donald Trump calls TikTok a threat but says some kids could 'go crazy' without it

US presidential candidate Donald Trump claimed that a ban on TikTok would only benefit Facebook, which he has criticized in the past. Lawmakers are considering a bill that would give TikTok's Chinese owner, ByteDance, six months to divest from the app. TikTok, in a letter to Congress, emphasized that it is not controlled by the Chinese government and argued that a sale would jeopardize its efforts to protect US data. The FBI and other departments held a briefing to discuss concerns about the app. Trump also mentioned a meeting with an investor who has a stake in ByteDance.

House Set to Vote on TikTok Ban as Lobbyists Turn Attention to Senate

Livemint

Livemint · 1y ago

House Set to Vote on TikTok Ban as Lobbyists Turn Attention to Senate

The House is expected to pass a bill that would ban TikTok in the US or force its sale. The legislation is driven by concerns over data privacy and the potential for Chinese influence on American public opinion. TikTok has faced previous attempts to ban it, but has spent millions on lobbying to fight against such actions. The bill would give TikTok's parent company, ByteDance, five months to comply with divestiture or risk being banned from app stores and web-hosting services in the US. The fate of the bill in the Senate is uncertain.

Trump ex-Treasury chief seeks TikTok buyout bid as China seethes

Economic Times

Economic Times · 1y ago

Trump ex-Treasury chief seeks TikTok buyout bid as China seethes

Former US Treasury Secretary, Steve Mnuchin, has announced plans to lead a buyout bid for TikTok once a bill forcing the sale of the Chinese-owned social media app passes. The US House of Representatives has already approved the bill, which would require TikTok to divest from its parent company or face a nationwide ban. Mnuchin stated that TikTok should be owned by US businesses, as he believes the Chinese government would not allow a similar scenario in China. Beijing, however, criticized the bill and vowed to protect its rights and interests.

US to decide on TikTok ban next week: Here's what you need to know

Economic Times

Economic Times · 1y ago

US to decide on TikTok ban next week: Here's what you need to know

The US House of Representatives is set to vote on a bill that would force TikTok's owner, ByteDance, to divest the popular video-sharing app within 180 days or face a ban in the country. The legislation would also give the US president the power to designate apps as national security risks and impose restrictions or bans. TikTok has criticized the bill, calling it an "outright ban" that would infringe on free speech rights. The company has also assured users that their data is stored separately and independently from ByteDance. Previous attempts to ban TikTok by former President Donald Trump were blocked.

TikTok a US security threat, says Trump, similar to Facebook -CNBC

Reuters · 1y ago

TikTok a US security threat, says Trump, similar to Facebook -CNBC

Republican presidential candidate, Donald Trump, has described the popular short video app TikTok as a national security threat but likened it to other social media platforms such as Facebook. Lawmakers are considering a bill that would give TikTok's owner, ByteDance, six months to divest the app. The US House of Representatives is expected to vote on the legislation this week. Trump claimed that banning TikTok would benefit Facebook, a platform he has criticized in the past. President Joe Biden has indicated he would sign the bill once it is approved. TikTok argues that the proposed legislation effectively amounts to a ban.

TikTok CEO doubles down and urges users to get loud and contact senators

Business Insider

Business Insider · 1y ago

TikTok CEO doubles down and urges users to get loud and contact senators

TikTok CEO Shou Chew is appealing to users to oppose legislation that would force its Chinese parent company to sell the app or face a US ban. The bill has been passed by the US House of Representatives and now heads to the Senate. Shou argues that the bill spreads misinformation and would give more power to other social media companies while putting American jobs at risk. President Joe Biden has pledged to sign the bill if it reaches his desk. TikTok users have been sharing their support for the app, but the company has not indicated that it will accept a forced sale.

The TikTok ban chaos — explained in 60 seconds

Business Insider

Business Insider · 1y ago

The TikTok ban chaos — explained in 60 seconds

A new bill that could potentially ban TikTok in the US is currently being discussed in Congress. While some people, including former President Donald Trump, have voiced support for banning TikTok in the past, there is now contradictory opinions on the matter. The main concern behind the ban is the app's ownership by a Chinese company and the potential for the Chinese government to access personal data or influence American politics through the platform. The current bill would require ByteDance, TikTok's parent company, to sell its US operations to non-Chinese owners to avoid the ban. However, it is uncertain whether such a sale would be feasible or if ByteDance would even agree to it. The proposed ban would not remove TikTok from existing user's phones but would prevent app stores from distributing it and hosting it on US websites, eventually rendering it unusable. The bill has already been introduced in Congress and is expected to pass in the House this week, but it still requires approval from the Senate and President Joe Biden to become law. The politics surrounding the TikTok ban bill are complex and bipartisan. Concerns about TikTok's national security implications have been expressed by Americans of different ages and political leanings, making it difficult to categorize the support or opposition to the bill. Both President Biden and former President Trump have shown contradictory stances on the issue. If the bill becomes law, ByteDance would have 180 days to sell its US TikTok operations to comply or face penalties. However, the timeline and the likelihood of a ban before the upcoming US elections remains uncertain as legal challenges are expected.

X owner Elon Musk says opposed to US ban of competitor TikTok

Economic Times

Economic Times · 1y ago

X owner Elon Musk says opposed to US ban of competitor TikTok

Elon Musk has expressed his opposition to banning TikTok in the United States, stating that it would contradict freedom of speech and expression. The US House of Representatives is set to vote on a bill that would require TikTok to divest from its Chinese parent company or face a nationwide ban. Musk's comments received mixed reactions, with some expressing concerns about the precedent it could set for targeting other social media platforms. TikTok has criticized the bill, arguing that it would harm the US economy and violate free speech rights. This comes after growing concerns over TikTok's alleged ties to the Chinese government.

The proposed TikTok ban has been deemed unconstitutional by some, but framing around national security could help advance it

Business Insider

Business Insider · 1y ago

The proposed TikTok ban has been deemed unconstitutional by some, but framing around national security could help advance it

The US government is considering a new bill that could lead to the ban of popular social media app TikTok due to concerns over its ties to China. The bill, dubbed the Protecting Americans from Foreign Adversary Controlled Applications Act, would require TikTok's parent company, ByteDance, to sell its US operations to a non-Chinese company within six months or face a nationwide ban. While critics argue that the bill could infringe on the freedom of speech protected by the First Amendment, its focus on national security may help its chances of passing. However, if enacted, the bill is likely to face legal challenges.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Google Alerts 2.5B Gmail Users Af ...

Download the medial app to read full posts, comements and news.