BusinessPostCorner.com
No Result
View All Result
Sunday, July 19, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

US Senate approves potential TikTok ban

April 24, 2024
in Business
Reading Time: 2 mins read
A A
0
US Senate approves potential TikTok ban
ShareShareShareShareShare

The US Senate has approved a controversial landmark bill that could see TikTok banned in America.

It gives TikTok’s Chinese owner, ByteDance, nine months to sell its stake or the app will be blocked in the United States.

The bill will now be handed over to US President, Joe Biden, who has said he will sign it into law as soon as it reaches his desk.

If that happens, ByteDance will have to seek approval from Chinese officials to complete a forced sale, which Beijing has vowed to oppose. Analysts say the process could take years.

The measure was passed as part of a package of four bills which also included military aid for Ukraine, Israel, Taiwan and other US partners in the Indo- Pacific.

It got widespread support from lawmakers with 79 Senators voting for it and 18 voting against it.

“For years we’ve allowed the Chinese Communist party to control one of the most popular apps in America that was dangerously short-sighted,” said Senator Marco Rubio, the top Republican on the Intelligence Committee.

“A new law is going to require its Chinese owner to sell the app. This is a good move for America,” he added.

TikTok did not immediately respond to a BBC request for comment.

Last week, the social media company said the bill would “trample the free speech rights of 170 million Americans, devastate seven million businesses, and shutter a platform that contributes $24 billion to the US economy, annually.”

TikTok’s chief executive, Shou Zi Chew, said last month, external the company will continue to do all it can including exercising its “legal rights” to protect the platform.

University of Richmond law professor, Carl Tobias told the BBC that a prolonged legal battle is likely to follow and that “could take about two years”.

He also said if a buyer for ByteDance’s stake is not found within the nine-month period, it could delay any action against TikTok in the US further.


Credit: Source link

ShareTweetSendPinShare
Previous Post

TikTok parent moves closer to being forced to sell or face a ban after Senate vote

Next Post

Why Nissan needs more than a gamble on solid-state batteries

Next Post
Why Nissan needs more than a gamble on solid-state batteries

Why Nissan needs more than a gamble on solid-state batteries

Morgan Stanley profits jump 58% as Wall Street booms

Morgan Stanley profits jump 58% as Wall Street booms

July 15, 2026
Shakira tax win set to face Supreme Court appeal in Spain

Shakira tax win set to face Supreme Court appeal in Spain

July 17, 2026
Gallup CEO says colonizing Mars may be closer than fixing today’s ‘broken’ workplace

Gallup CEO says colonizing Mars may be closer than fixing today’s ‘broken’ workplace

July 14, 2026
Oil prices jump as US and Iran step up tit-for-tat strikes

Oil prices jump as US and Iran step up tit-for-tat strikes

July 12, 2026
PwC and UK partner hit with £3M fine over Babcock audit

PwC and UK partner hit with £3M fine over Babcock audit

July 16, 2026
Jensen Huang’s jacket sold at Sotheby’s for almost M—and the money is going to young tech builders

Jensen Huang’s jacket sold at Sotheby’s for almost $1M—and the money is going to young tech builders

July 17, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

How the ‘Yellowstone effect’ transformed one rugged western American city

How the ‘Yellowstone effect’ transformed one rugged western American city

July 18, 2026
Iran just crossed Trump’s red line for resuming all-out war as fighting worsens with no end in sight

Iran just crossed Trump’s red line for resuming all-out war as fighting worsens with no end in sight

July 18, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!