Biden signs TikTok bill into law, starting clock for ByteDance to divest

President Biden signed a foreign aid package including a bill to ban TikTok if its Chinese parent company, ByteDance, fails to divest within a year. ByteDance has nine months to finalize a deal, with a possible three-month extension. The bill initially stalled in the Senate but was pushed through by packaging it with foreign aid to US allies. TikTok plans to challenge the law in court, potentially delaying enforcement. The company’s CEO emphasized that this is a ban on TikTok and users themselves, not just a matter of disconnecting from Chinese ownership. China’s response and the fate of TikTok’s algorithm remain uncertain.

https://www.theverge.com/2024/4/24/24139036/biden-signs-tiktok-ban-bill-divest-foreign-aid-package

To top