bytedance Archives

Along with $95B in aid to Ukraine, Israel & Gaza, and Taiwan & the Indo-Pacific, the bill also put TikTok owner ByteDance on the clock – it now has 9 months (possibly 12, at the POTUS's discretion) to divest from the company or see the social media service banned in the U.S over security concerns[...]

And with a stroke of President Joseph Biden's pen, TikTok owner ByteDance now has 9 months (possibly 12, at the POTUS's discretion) to divest from TikTok or the social media service will be banned in the U.S Earlier today, President Biden signed a $95B aid package that included $60B to Ukraine, $26B to Israel &[...]

House of Representatives passed foreign aid bills that would bring financial assistance to Ukraine, Israel, and Taiwan, require the Treasury Department to submit a report on Iranian assets & sanction exemptions – and essentially ban TikTok in the United States unless Chinese owner ByteDance divests its stake in the app over growing concerns that TikTok[...]