TikTok CEO Shou Zi Chew has reassured users of the app that the company will work hard to challenge and lift the US ban. As reported by Reuters, the CEO is optimistic about their chances of prevailing in a legal battle against a law recently signed into law by President Joe Biden. This legislation could ultimately prohibit the use of TikTok’s popular short video platform, which has over 170 million users in the United States.
TikTok CEO Assures Users
Reuters additionally reports that CEO Shou Zi Chew stated in a recently uploaded video following Biden’s signing of the bill, which grants ByteDance 270 days to sell their American assets or face a ban, “Fear not—we aren’t departing.” He continued, “The facts and the Constitution are on our side, and we anticipate triumphing once more.”
US Bans TikTok Over Privacy Concerns
TikTok’s CEO spoke up following the approval of a bill by President Biden that mandates ByteDance, TikTok’s Chinese parent company, to relinquish its control over the app within a year. This legislation is part of a larger package offering aid to Israel and Ukraine. If TikTok disregards these regulations, it could be banned in the US. The House endorsed this bill over the weekend with an impressive majority, and the Senate sealed the deal on Monday with a vote of 79-18.
An additional clause in the law grants ByteDance a nine-month period to locate a purchaser for TikTok in the US. Following the completion of the deal, an extra 90 days are permitted. Failure to do so will result in the app being banned from Google Play and the App Store for US users. This measure stems from Huawei’s anxieties over data security and national security, given its allegiance to China.
TikTok’s effect on the US economy and its impact on businesses, particularly small and medium-sized ones, have been extensively researched. Not too long ago, TikTok released a report detailing how it generated approximately $14.7 billion in economic benefits for these companies within the United States. For artists and small enterprises across the country, the platform has become an indispensable tool for advertising their work.
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2024-04-25 02:25