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☆ Investors want to see a sale of TikTok, says Carnegie's Peter Harrell
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors want to see a sale of TikTok, says Carnegie's Peter HarrellPeter Harrell, Carnegie fellow, joins 'Squawk on the Street' to discuss TikTok's future in the U.S. as the social media company sues to block the potential ban.

Persons: Carnegie's Peter Harrell Peter Harrell Organizations: Investors, Carnegie Locations: U.S

☆ TikTok sued the U.S. government to block a ban. Here’s what happens now
▼ + stars: | 2024-05-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +6 min

Former President Donald Trump attempted to ban the platform through an executive order in 2020, laying out the path to a potential ban. Prior to the passage of the law, TikTok spent more than $2 billion on an initiative called "Project Texas" to better protect U.S. user data from foreign influence. It's also different from past attempts to ban TikTok since the bill has bipartisan support, which can influence the courts, Hans said. Regardless of what happens in the circuit court, Hans said there's a real possibility the case ends up getting elevated to the U.S. Supreme Court. WATCH: Here's what to know about TikTok lawsuit

Persons: Shou Zi Chew, Online Harms, Evelyn Hockstein, Joe Biden, TikTok, Donald Trump, Gus Hurwitz, Hurwitz, ByteDance, Gautam Hans, Hans, It's, Hans said, there's, Shou Chew, Steven Mnuchin, CNBC's David Faber, Mnuchin Organizations: Energy, Commerce, Safeguard, Online, Capitol, Reuters, U.S, U.S ., Appeals, Circuit, Center for Technology, Innovation, University of Pennsylvania Carey Law, CNBC, Cornell Law School, Supreme Locations: Washington, Texas, U.S, TikTok, China

☆ This chart shows just how absurd Trump Media's valuation is
▼ + stars: | 2024-05-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

It's well known that Trump Media stock trades at a premium valuation, but one chart shows just how absurd it is. AdvertisementA lot has been written about Trump Media and Technology Group's premium valuation, but one chart really helps put it into perspective. The social media company, founded by former President Donald Trump, has a market valuation of nearly $7 billion. Another way to value the profitless Trump Media is to compare its current market valuation to its monthly active user base. Since Trump Media's recent stock surge,that valuation has surged to $1,309 per Truth Social user, and at its peak in March, each Truth Social user was worth $1,794.

Persons: Donald Trump's, —, Donald Trump, Michael Cembalest, Alex W, Cembalest, Steve Sosnick, MAGA, Sosnick Organizations: Trump Media, Service, Technology, Truth, MSNBC, JPMorgan, Trump, Interactive Brokers Locations: 1,590x

☆ TikTok is taking the US government to court in a showdown of free speech vs. national security
▼ + stars: | 2024-05-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And the knock-on effects extend beyond TikTok, impacting everything from President Joe Biden's reelection campaign to Apple and Tesla . AdvertisementTikTok, Tyler Le/BIThe TikTok-US government fight pits two pillars of American society against each other: free speech and national security. 3 things in businessDeliormanli/Getty, Olivier Verriest/Getty, Andrei Akushevich/Getty, Tyler Le/BIIn other newsAdvertisementWhat's happening todayToday's earnings: Airbnb, Uber, and other companies are reporting .

Persons: —, swiping, Tyler Le, ByteDance, Dan Whateley, Geoff Weiss, Joe Biden's, It'll, TikTok, hasn't, haven't, Fallon, Jane Fraser isn't, Fraser, Piper Sandler, Michael Kantrowitz, Josh Edelson, Isabel Fernandez, Mark Zuckerberg, Zuckerberg, Getty, Olivier Verriest, Andrei Akushevich, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Apple, Chinese Communist Party, Big Tech, Getty, Pujol, Associated Press, Facebook Locations: France, China, Beijing, Citadel, Millennium, AFP, New York, London

☆ TikTok sues U.S. government, says ban violates First Amendment
▼ + stars: | 2024-05-07 | by ( Angela Yang | Savannah Sellers | ) www.cnbc.com time to read: +2 min

Circuit, argues that the bill, the Protecting Americans from Foreign Adversary Controlled Applications Act, violates constitutional protections of free speech. Now, legal proceedings will pause that timeline, meaning it could be years before a ban goes into effect. Tuesday's lawsuit is the latest development in what has become a multi-year effort by the U.S. government to effectively ban TikTok. Efforts to rein in the popular video-sharing app have persisted since 2020 under both the Trump and Biden administrations. The federal government and dozens of states have already banned the use of TikTok on government-owned devices.

Persons: TikTok, Joe Biden Organizations: United, U.S ., Appeals, Foreign, The, Justice, Justice Department, U.S, Trump, Biden Locations: United States, U.S

☆ TikTok is taking the US to court to stop its ban
▼ + stars: | 2024-05-07 | by ( Dan Whateley | Geoff Weiss | ) www.businessinsider.com time to read: +4 min

TikTok is suing the US government over its new law that forces a sale or ban of the app. AdvertisementTikTok promised to fight its ban in the US — and now the social-media giant has made it official. TikTok has denied both of these claims, and the US government has yet to present evidence that either action has occurred. Legal scholars told Business Insider that well-articulated First Amendment arguments tend to prevail in court, but Congress' national-security concerns could ultimately win out. Hans, an associate clinical professor of law at Cornell Law School and associate director of its First-Amendment clinic, told BI.

Persons: TikTok, —, ByteDance, Joe Biden, G.S, Hans, Matthew Schettenhelm, Schettenhelm Organizations: Service, Chinese Communist Party, Foreign, Business, Cornell Law School, Appeals, DC Circuit, Bloomberg Intelligence Locations: China, Russia, Beijing, India

"It is becoming clearer and clearer that the Fed isn't going to lower interest rates anytime soon," said Matt Schulz, chief credit analyst at LendingTree. "If Americans want lower interest rates, they're going to have to do it themselves." What determines your credit card rateSince most credit cards have a variable rate, there's a direct connection to the Fed's benchmark. It's also an ideal time for consumers to take advantage of all the options credit card issuers are offering. A balance transfer credit card moves your outstanding debt from one or more credit cards onto a new card, typically with a lower interest rate.

Persons: —, Matt Schulz, Michele Raneri, aren't, Schulz, Ted Rossman, Rossman, It's Organizations: Federal Reserve, TransUnion, Finance, Treasury Department Locations: U.S

☆ Black creators were instrumental in building TikTok. Now they fear they'll be hit the hardest by a ban.
▼ + stars: | 2024-05-01 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +10 min

But largely, TikTok is a place Black creators found where they could thrive and reach new audiences and customers for their growing businesses. It wasn't that the content wasn't good, Ford said, it was that Instagram "just wasn't a place for Black creators, minority creators, to excel." Some Black creators suspected their Black Lives Matter content was suppressed in 2020 after George Floyd's death ignited a wave of protests. AdvertisementBlack TikTokers have also expressed an "undertone of anti-Blackness" in the platform's algorithm, where white creators benefited from the trends started by Black creators. AdvertisementThis is disheartening, Black creators told BI, because so many top trends and ideas come from their community.

Persons: —, Joe Biden, TikTok, Tenyse Williams, It's, Funmi Ford, Ford, Nya, I've, Étienne, Keith Lee, entrepreneurialism, Kahlil Dumas, Dumas, George Floyd's, Jalaiah Harmon, Black TikTokers, Williams, Imani Bashir, Bashir, We're, isn't Organizations: Service, Senate, Business, Consulting, University of Central, Columbia University, George Washington University, Pew Research Center, An, Free, Black, New York Times, Forbes, YouTube, BI Locations: University of Central Florida, Instagram, An Oxford, Atlanta

☆ An important student loan forgiveness deadline is hours away — and it takes under 15 minutes to apply
▼ + stars: | 2024-04-30 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

urbazonSome student loan borrowers have until the end of Tuesday to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise. If these borrowers are enrolled in an income-driven repayment plan, it can mean that they're also on multiple different timelines to forgiveness. "This will ensure folks get the maximum number of months of credit towards student debt cancellation," Fox said. Usually, a student loan consolidation restarts a borrower's forgiveness timeline to zero, making it a terrible move for those working toward cancellation. You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.

Persons: Jane Fox, Fox, Mark Kantrowitz, Kantrowitz Organizations: Biden, Finance, Cash, Family, Parent, Perkins, CNBC

☆ I went to one of the first TikTok Live studios. Here's what it was like and what the livestreamers do.
▼ + stars: | 2024-04-30 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

Read previewNoah Cameron Maydale and Francesca Batley do livestreaming on TikTok for a living. Maydale (who goes by @knowasound, or just Noah, on TikTok) and Batley, whose stage name is Fairie (@fairiefairie on TikTok), are two of the first creators to join a relatively new program started by TikTok agency GravitasQ. TikTok livestreaming in the UK has been growing faster than the company's ads business, company filings show. In-person live studios are a recent addition to TikTok's strategy and one that the company has been developing with select agencies. Here's what it looked like and what Fairie and Noah were doing there at the end of April.

Persons: —, Noah Cameron Maydale, Francesca Batley, @knowasound, Noah, TikTok, Dipesh Pattni, Pattni, Fairie, Emilia Harker, Sitesh, they'd, I'm, Fairie's, livestreamers, you've Organizations: Service, Business, Tesco Locations: livestreaming, Hemel Hempstead, London, Batley

☆ Germany's far-right AfD party is finding success on TikTok — as its popularity among young voters grows
▼ + stars: | 2024-04-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +6 min

Cardboard stands with the AfD logo lie on the chairs in the Wiesenhalle before the start of the AfD Brandenburg state party conference. Traditionally, young voters are seen as more left-leaning, but the voting data suggests some divergences, with experts pointing to social media and what they describe as online echo chambers. A study published earlier this month showed that over half of those aged 14-29 in Germany use social media to stay updated about news and politics. But Berendsen told CNBC that it is one of the social media platforms where the tunnel-effect can be an issue. An AfD spokesperson confirmed to CNBC that its videos and texts posted on social media are tailored to young people.

Persons: Monika Skolimowska, Infratest Dimap, Eva Berendsen, Anne Frank, Baerbock, Maximilian Krah, TikTok, Berendsen Organizations: Getty, Russia, Anne, CNBC Locations: Hesse, Germany

☆ ByteDance would rather close down TikTok in the US than sell it if it fails to fight potential US ban in court, report says
▼ + stars: | 2024-04-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

ByteDance would rather close down TikTok in the US than sell it, Reuters reported, citing four unnamed sources. AdvertisementByteDance, the Chinese parent company of TikTok, would rather close down TikTok in the US than sell it if legal means to fight a proposed US ban fail, Reuters reported, citing four unnamed sources. The deadline to sell the app is set for January 19, 2025, but an extension is possible if ByteDance demonstrates progress toward a sale. AdvertisementIt follows a report in The Information earlier this week that said ByteDance was exploring options to sell a majority stake in TikTok's US business. ByteDance has said that the rumors that it plans to sell TikTok "are untrue."

Persons: Joe Biden, ByteDance, —, TikTok, divests, Shou Zi Chew Organizations: Reuters, Service Locations: China

☆ I'm Gen Z and spent 7 hours a week on TikTok. I deleted the app and now have more time to do actually fun things.
▼ + stars: | 2024-04-27 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +6 min

I created my TikTok account at the pandemic's start while stuck at home with nothing to do. This story is available exclusively to Business Insider subscribers. What was true for me, at least, was that TikTok took hours away from my day. A better work-life balanceOther Gen Z TikTok addicts who spoke to the Journal shared similar concerns. TikTok did not respond to a request for comment from Business Insider.

Persons: —, TikTok, it's, It's, Alistair Barr, there's, Zuckerberg, Z, Keilah Bruce, Gautam Mengi, Will, I've Organizations: Service, Business, Street Journal, Elon, Twitter, Wall Street

☆ What happens if TikTok is sold without the algorithm that drives the 'For You' page? It might not be so bad.
▼ + stars: | 2024-04-26 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

If ByteDance is actually forced to sell TikTok, it might not include the app's algorithm. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . What if the TikTok algorithm doesn't really matter that much? There's also another thing that could be a drag on TikTok that doesn't even have to do with the algorithm. Selling TikTok without the algorithm — whatever that actually means — is not ideal, but it might not be the one thing that sends TikTok down a path toward MySpace status.

Persons: TikTok, —, ByteDance, that's, Bon, Meta, you've, Elon Musk, There's Organizations: Service, Ferrari Locations: Elon

☆ Senate passes bill that could ban TikTok in the US
▼ + stars: | 2024-04-24 | by ( Madison Hall | Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The Senate just passed a TikTok "ban" as part of a larger foreign aid bill. Once Biden signs it into law, ByteDance will have 270 days to sell TikTok. Trump tried to institute a similar ban via executive order, but it was struck down by in court. AdvertisementThe Senate passed a multifaceted bill Tuesday evening that would effectively ban TikTok from the US app store once President Joe Biden signs it, as he has signaled he will. Tucked into the foreign aid bills was text forcing TikTok's parent company, ByteDance, to sell the social media service to an American one or face a ban.

Persons: Biden, ByteDance, Trump, —, Joe Biden Organizations: Service, Business Locations: Ukraine, Israel, Taiwan, Gaza, American

☆ Meta's Q2 revenue guidance and implied deceleration will be key, says Goldman's Eric Sheridan
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's Q2 revenue guidance and implied deceleration will be key, says Goldman's Eric SheridanGoldman Sachs' Eric Sheridan joins 'Money Movers' to discuss what the overriding dynamic will be from Meta's quarterly earnings results, how Meta could further benefit from TikTok's forced sale, and more.

Persons: Goldman's Eric Sheridan Goldman Sachs, Eric Sheridan

☆ TikTok's CEO is feeling the pressure and users are freaking out
▼ + stars: | 2024-04-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

TikTok's CEO is calling its users to action to support the app against US lawmakers seeking a ban. President Biden signed a bill that forces TikTok to be sold to an American company or face a ban. Users are freaking out over potentially losing access to their favorite app. AdvertisementTikTok CEO Shou Chew has issued a rallying cry to users that the company plans to fight a possible US ban. "Make no mistake, this is a ban," Chew said in the video.

Persons: Biden, TikTok, —, Shou Chew, Joe Biden, Chew Organizations: Service, US, Joe Biden Wednesday Locations: American

☆ New data reveals the top ways influencers get brand deals, how long they last, and how many are needed to make a living
▼ + stars: | 2024-04-24 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Read previewInfluencers secure brand deals in many ways — some go right to the DMs of brands or even use Slack, while others rely heavily on talent managers or agents. AdvertisementNearly 55% of respondents listed social-media marketplaces as one of the three primary sources they use to secure brand deals. The data, however, does not account for the types of brand deals creators would require. For instance, some brand deals could be multi-channel sponsorships, while others could be affiliate links — which can vary in pay. Most creators said their partnerships with brands last a monthAbout 31% of creators reported that their brand deals typically last one month.

Persons: —, Qianna Smith Bruneteau, We're, Smith Bruneteau, that's Organizations: Service, American Influencer Council, Business, AIC, influencer, LinkedIn

☆ The TikTok divest-or-ban bill is a First Amendment disaster, but it may still stand up in court
▼ + stars: | 2024-04-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Maybe…Earlier attempts to ban or force a sale of TikTok often haven't stood up in court. Other parties, like TikTok creators, may launch separate legal challenges in the coming weeks, as they have done in the past. AdvertisementTrump's 2020 order to ban TikTok was halted by a federal judge who said it likely exceeded executive authority. While the bill is framed around forcing US ownership of TikTok, it's likely to result in a ban, which strengthens the free-speech argument. Congress hasn't proven that an outright sale or ban of TikTok is the only way to protect national-security interests.

Persons: Joe Biden, ByteDance, TikTok, haven't, TikTokers, Matthew Schettenhelm, Hans, Lena Shapiro, Ramya Krishnan Organizations: Service, Business, ACLU, Bloomberg Intelligence, Cornell Law School, TikTok, University of Illinois College of Law, Chinese Communist Party, Intelligence Law, CCP, Columbia University Locations: Montana, Texas, Washington, China

☆ These 18 senators voted against Ukraine and Israel aid
▼ + stars: | 2024-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The Senate passed a bill to provide aid to Ukraine, Israel, and Taiwan — and force a sale of TikTok. Republicans opposed the Ukraine aid, while some Democrats took issue with Israel aid. Republicans generally voted against the package because of their long-standing opposition to Ukraine aid, while Democrats opposed the bill over the lack of conditions on Israel aid. AdvertisementThat included a vote on a nearly $61 billion Ukraine aid bill, a more than $26 billion Israel aid bill, Taiwan aid, and a bill that combined an amended version of a previously approved TikTok bill that was combined with a bill allowing the US to seize Russian assets to pay for Ukraine aid. Related stories37 House Democrats voted against Israel aid, while 112 House Republicans voted against Ukraine aid.

Persons: —, Joe Biden's, Mike Johnson, Donald Trump, Sen, Lindsey Graham of, Bernie Sanders, Vermont Jeff Merkley, Oregon Peter Welch of Organizations: Service, Republicans, Ukraine, Democratic, Republican Locations: Ukraine, Israel, Taiwan, Lindsey Graham of South Carolina, Vermont, Oregon, Oregon Peter Welch of Vermont

☆ How one 'Squad' member avoided an avalanche of pro-Israel money
▼ + stars: | 2024-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

When Summer Lee ran for Congress in 2022, she had to battle a wave of pro-Israel spending. AdvertisementGoing into this year, Rep. Summer Lee seemed likely to be a top target for pro-Israel groups. Both AIPAC and another key pro-Israel group, Democratic Majority for Israel (DMFI), opted to stay out of the primary. Pro-Israel groups spent money against Lee not just in the primary, but in the general election as well. Meanwhile, progressive groups supporting Lee spent nearly $710,000, and on Sunday, Ocasio-Cortez came to Pittsburgh to rally with Lee.

Persons: Summer Lee, Lee, —, Bhavini Patel, Mark Mellman, Sen, Bernie Sanders's, Alexandria Ocasio, Cortez —, That's, o6e7abRSr2 —, Patel, Jeff Yass, Cortez, Lee —, Joe Biden —, Biden, who've Organizations: Service, Democratic, American Israel Public Affairs Committee, Israel, Washington Post, Rep, AIPAC, Pennsylvania, House, Democratic Socialists of America, o6e7abRSr2 — AIPAC, Democratic Party, GOP, Law Locations: Israel, Pittsburgh, Alexandria, Squirrel Hill, Gaza, Emboldening

☆ TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban
▼ + stars: | 2024-04-24 | by ( Zach Vallese | ) www.cnbc.com time to read: +7 min

"TikTok allows small businesses and creators to find their people in their community," Nichols told CNBC, ahead of the bill's signing. watch nowNichols joined a number of other TikTok creators in traveling to the Capitol to oppose a potential ban. TikTok creators and influencers, living far out of the realm of politics, have a very different concern. Tony Youn, a plastic surgeon with 8.4 million TikTok followers, said finding a big audience is difficult. WATCH: Senator Markwayne Mullin talks passage of Tiktok ban

Persons: Craig Hudson, Ophelia Nichols, Nichols, Biden, TikTok didn't, Shou Zi Chew, TikTok, Markwayne Mullin, CNBC's, Mullin, they'll, Zi Chew, Sen, John Fetterman, Anna Moneymaker, livestreams, Adam Mosseri, Tony Youn, Youn Organizations: Foreign, Capitol, Washington , D.C, CNBC, Oxford, TikTok, America Survey, Lawmakers, Communist Party, Russell Senate, ByteDance, Getty, YouTube, Meta, Facebook Locations: Washington , U.S, Alabama, Washington ,, Israel, Ukraine, Taiwan, It's, American, U.S, TikTok, United States

☆ Congress just passed a potential TikTok ban. Here’s what happens next
▼ + stars: | 2024-04-23 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

Washington CNN —Congress finalized legislation on Tuesday that could lead to a nationwide TikTok ban, escalating a massive threat to the company’s US operations. What does the TikTok legislation do? The earlier TikTok bill had been passed by the House, but it stalled in the Senate. In a procedural move, House Republicans this month attached the revised TikTok bill to the foreign aid package in hopes of forcing the Senate to vote on the TikTok legislation. Bundling the bill with the foreign aid — a top US priority — fast-tracked the TikTok bill and made it more likely to pass.

Persons: Joe Biden’s, Biden, there’s, Will Biden, Jennifer Gay, Mariam Zuhaib, —, TikTok, Shou Chew, ”, Nadine Farid Johnson, ByteDance Organizations: Washington CNN —, Republicans, Senate, White, U.S . Capitol, U.S, TikTok, Columbia University, “ Locations: Israel, Ukraine, United States, Washington, China

☆ TikTok's time in the US could soon be on the clock, and that's not the app's only problem
▼ + stars: | 2024-04-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The big storyTick-tock on TikTokChelsea Jia Feng/BITikTok's time in the US could soon be on the clock. When it's all said and done, a TikTok ban could be in place before the week's end. Business Insider's Peter Kafka explains why the TikTok ban, while more imminent than ever, still has a long way to go . A TikTok ban would benefit one familiar face in social media, though, writes BI's Katie Notopoulos . YouTube Shorts, too, stand to grab more attention after a TikTok ban.

Persons: —, Caitlin Clark's, Chelsea Jia Feng, ByteDance, Joe Biden, it's, Business Insider's Peter Kafka, Michael Beckerman, TikTok, hawking, BI's Lindsay Dodgson, outperforming, Katie Notopoulos, Merrill Lynch, Tyler Le, Andy Sieg's, Merrill, Lindsay Hans, Eric Schimpf, It's, Steve Cohen's, Grzegorz Wajda, Hokyoung Kim, Nordstrom, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Nike, Bloomberg Intelligence, YouTube, Big Tech, New York Stock Exchange, NYSE, Chelsea, Getty, Walmart, BI, Costco, Amazon, Motors, Spotify Locations: Americas, TikTok, Merrill, China, American, New York, London

☆ TikTok influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban looms
▼ + stars: | 2024-04-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

Chinese-owned ByteDance will be forced to sell TikTok to a US company or face a nationwide ban. AdvertisementThose who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. A ban would be "devastating" for her, she said, because years of her work would be "deleted forever." AdvertisementA TikTok spokesperson told BI in March that the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. Editor's note, April 23, 2024: This article has been updated to reflect the House of Representatives vote, which passed a bill to ban TikTok in the US.

Persons: —, TikTok, Leo LonDini, LonDini, Brett Jansen Organizations: Service, Google, Epic Games, Universal Group, Warner Music Group, Spotify, Tesla Locations: China

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