117 views 2 mins 0 comments

TikTok Says Law Is on Its Side as It Readies to Fight US Ban

In Technology
April 24, 2024

(Bloomberg) — TikTok said legislation passed by the US Congress Tuesday evening that would force its Chinese parent company to sell its stake or face a total ban of the app in America is “unconstitutional,” and the company will challenge it in court.

Most Read from Bloomberg

“We believe the facts and the law are clearly on our side, and we will ultimately prevail,” TikTok said in a post on X.

TikTok’s executives have been largely quiet since Congress decided to fast-track legislation against the app by tying it to a package of bills that include foreign aid for Ukraine and Israel. The measure is meant to address national security concerns that the Chinese government could access user data or influence what’s seen on the app through TikTok’s parent company, ByteDance Ltd.

Read more about the legislation: TikTok Ban Looms With Biden Poised to Start 270-Day Countdown

ByteDance would have less than a year to divest its stake before a ban would take effect. Before any kind of separation, TikTok intends on exhausting all legal avenues to challenge the bill.

President Joe Biden signed the legislation Wednesday — beginning a 270-day countdown for a sale or a US prohibition of the popular video-sharing platform.

(Updates to note that Biden signed the legislation Wednesday.)

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel210520-twitter-verified-cs-70cdee.jpg (1500×750)

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)
whatsapp channel
Avatar
/ Published posts: 32605

The latest news from the News Agencies