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TikTok ban signed into legislation by Biden, ByteDance has 9 months to divest

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TikTok ban signed into legislation by Biden, ByteDance has 9 months to divest

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In only one week, america legislative department handed the nationwide safety bundle into legislation, together with a invoice that may doubtlessly ban TikTok from the US. The invoice handed the Home of Representatives on Monday and the Senate yesterday and was later signed by President Joe Biden into legislation.

TikTok ban signed into law by Biden, ByteDance has nine months to divest

This flip of occasions offers TikTok’s guardian firm ByteDance two choices – divest TikTok to an American firm within the subsequent 9 months, which the President can lengthen to 12 if there’s “progress” or face an efficient ban on the platform. TikTok issued an official assertion which you’ll be able to learn beneath. The corporate plans to problem the ban in court docket calling it unconstitutional.

TikTok is among the largest and fastest-growing social networks on this planet, boasting over 1 billion month-to-month customers and over 170 million energetic customers within the US alone. It’s the first app to succeed in $10 billion in-app spending making it is unsure future within the US a excessive stakes sport.

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