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Data Is the New Currency
  + stars: | 2023-08-17 | by ( Christos A. Makridis | Joel Thayer | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/data-is-the-new-currency-big-tech-antitrust-free-services-platform-consumer-welfare-e5c74fb5
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President Joe Biden approved a limited TikTok ban Thursday when he signed the 4,126-page spending bill into law. The ban prohibits the use of TikTok by the federal government’s nearly 4 million employees on devices owned by its agencies, with limited exceptions for law enforcement, national security and security research purposes. Since 2020, a bubbling movement led largely by conservatives has maintained a minor interest in a TikTok ban. “We’re disappointed that Congress has moved to ban TikTok on government devices — a political gesture that will do nothing to advance national security interests — rather than encouraging the Administration to conclude its national security review,” the company said in a statement. It added that the proposed security agreement with the Biden administration would address the security concerns of lawmakers and regulators.
The effort to ban TikTok is back, and it could gain more strength after the midterm elections. Alex Brandon / AP fileExperts said there’s a steep hill to climb for those who want a total TikTok ban, but the midterms could provide a push. The renewed push for a TikTok ban or forced sale is taking place while the company is in negotiations with the Biden administration on a potential written security agreement. TikTok says it believes the agreement would address not only privacy concerns but how the app moderates content. Rubio is co-sponsoring legislation to ban TikTok from all U.S. government devices.
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