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Even Republican House lawmakers, the group that is arguably the most pro-Trump in Congress, defied their de facto leader, who now opposes the bill. There's a lot of good and there's a lot of bad with TikTok. Congressional Republicans have defied Trump before. Even Republican voters have at times defied Trump. The former president has been especially effective in his targeted campaign against the 10 House Republicans who voted to impeach him for inciting the insurrection.
Persons: Donald Trump, Trump, Lara Trump, Wednesday's, TikTok, Jeff Yass, Tom Emmer's speakership, Jim Jordan, Joe Biden, Mitch McConnell, Mike DeWine, Rob Portman, Sen, Sherrod Brown Organizations: Service, Republican Party, Republican National Committee, Republican, Trump, Biden, Chinese Communist Party, CNBC, Facebook, Congressional, GOP, week's Ohio GOP, Ohio Gov, Democrat, Republicans Locations: Congress, ByteDance, Beijing, Yass, week's Ohio
The House of Representatives voted overwhelmingly in favor of a bill that would force ByteDance, the Chinese parent company of TikTok, to sell the popular social media app — or face a potential ban. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: ByteDance Organizations: Business
A new bill would make Chinese-owned ByteDance sell TikTok to a US company or face a nationwide ban. Those who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. The whole TikTok ban is clearly a tactic to control the narrative." AdvertisementA ban would be "devastating" for her, she said, because years of her work would be "deleted forever." A TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US.
Persons: , TikTok, Shira, aren't, She's, Ben Stanley, hasn't, Tahrea Sherman, Sherman, Catalina Goanta, Goldman Sachs, Goanta Organizations: Service, Energy, Commerce, Google, Utrecht University Locations: Congress, TikTok, Netherlands, Statista
A bipartisan group of representatives introduced a bill on March 5 to effectively ban TikTok. The House is set to vote on the legislation on Wednesday, where it's expected to pass. The bill has faced criticism from advocacy groups, TikTok fans, and former President Donald Trump. AdvertisementThe House of Representatives is set to vote Wednesday on a bipartisan-supported bill that could decide the future of TikTok. If this bill or a similar one passes through Congress, President Joe Biden has already said he'll sign it into law.
Persons: Donald Trump, , Mike Gallagher, Raja, " Gallagher, we've, Zuckerschmuck, ByteDance, Jeff Yass, GOP Sen, Todd Young, Joe Biden Organizations: Service, Facebook, Susquehanna International Group, Trump, New York Times, Republican, Democratic, GOP, Center for Democracy & Technology, American Civil Liberties Union, Electronic Frontier Foundation Locations: United States, TikTok, Yass, Congress
Yass co-founded the Philadelphia-based trading firm Susquehanna International Group, which owns a 15% stake in TikTok's China-based parent company, ByteDance. Yass' investment is under threat today, and the typically press-shy billionaire is taking fire from both the left and the right. "This would be a nightmare for Yass, given the major investment in TikTok, if a forced ban hit the company under the Biden administration," Ives said. Today, at least 150 million Americans use TikTok regularly, according to company data. The company has said it stores U.S. users' data securely and rejects the idea that it poses a threat to national security.
Persons: Jeff Yass, Yass, Donald Trump, ByteDance, Joe Biden, Dan Ives, Biden, Ives, TikTok, Chip Roy, Shou Zi Chew Organizations: Susquehanna International Group, TikTok, Wedbush Securities, Susquehanna, NBC, Capitol Locations: TikTok, Washington, Yass, Philadelphia, TikTok's China, bankrolling, ByteDance, Beijing, Texas
"The question is to what extent and how broad will it be," Okun told CNBC's "Street Signs Asia" on Monday. House Speaker Mike Johnson told reporters the TikTok divesture bill will be on the floor on Wednesday. The Committee wants a "reset," with China Okun said. It is going to apply certainly into biotech – I think this is the sector you want to watch next." The U.S. Senate voted earlier this month to approve a bill that could restrict business with Chinese biotech firms, such as WuXi AppTec and BGI, on national security concerns.
Persons: Steven Okun, Okun, CNBC's, Mike Johnson, China Okun Organizations: APAC Advisors, ByteDance, Chinese Communist Party, U.S, Senate Locations: China, America, U.S, WuXi
This is especially true for young users who are now entering a new busy time of life known as adulthood. AdvertisementAfter demolishing the competition from 2020 through the first half of 2022, TikTok's DAU growth rate has collapsed. One interesting theory is that TikTok users are growing up and taking on new responsibilities that leave less time to watch videos. If some of TikTok's core users can no longer afford to spend an hour a day on the app, that's not good for business. This is not just meThe Wall Street Journal recently interviewed a few TikTok users in their 20s.
Persons: , TikTok, it's, Brielle, There's, I'd, she'll, Keilah Bruce Organizations: Service, Evercore, YouTube, Facebook, Street Journal, Intelligence, Street Locations: TikTok
As House lawmakers prepare to vote on the bill Wednesday, TikTok is encouraging users to call their representatives with a full-screen notification about the legislation. Okamoto’s TikTok account features videos on women’s health, sex education and the occasional glimpse into her personal life. Her sisters are TikTok creators in their own right, one of whom is using her income from TikTok to pay her own way through college, Okamoto said. It’s so tired,” said Grey Prnce, who together with her spouse, Grayson France, co-manages the TikTok account @officiallyverygay. Thus was born @Got2GoNYC, a TikTok account that aims to map all the publicly accessible toilets in the city.
Persons: Washington CNN — TikTok, TikTok, Shou Chew, Nadya Okamoto, Okamoto, She’s, , ” Okamoto, it’s Chew, , Grey Prnce, Grayson France, Teddy Siegel, Siegel, ducking, @Got2GoNYC, ” Siegel, it’s, Prnce Organizations: Washington CNN, Target, CNN, Chinese Community Party Locations: China, Beijing, United States, New York City, Utah, Salt Lake City
But Trump’s comments on TikTok and Social Security, both in an unfettered interview on CNBC, suggest not calculation, but confusion about Social Security and ambivalence about TikTok. Social Security was a top issue during the Republican presidential primary, when Trump attacked his GOP opponents, accusing them of wanting to take social security benefits away from older Americans. In an ad-libbed and meandering answer during a telephone interview broadcast on CNBC, Trump seemed to suggest that he was open to cutting Social Security. Have you changed your, your outlook on how to handle entitlements Social Security, Medicare, Medicaid, Mr. President? His answer also did nothing to address Kernen’s larger question, about Social Security and Medicare’s insolvency crisis.
Persons: Donald Trump’s, Joe Biden, Biden, Trump, It’s, CNBC’s Joe Kernen, we’ve, Joe Biden’s, Karoline Leavitt, ” It’s, Abby Phillip, Nikki Haley, ByteDance, ” Trump, ” Biden, Brian Fung, Jeff Yass, Steve Bannon, Organizations: CNN, Social Security, Trump, CNBC, Social, Republicans, Republican, GOP, ISIS, Federal Reserve, Treasury Department, South Carolina Gov, House Republicans Locations: Trump, TikTok’s China, China, TikTok, Yass
Read previewThe widely-popular social media app TikTok is once again facing a possible ban in the United States over concerns about its links to China. "It is targeted to address the national security threat that we believe these apps, like TikTok, pose to the United States because of its ownership by a foreign adversary." "The First Amendment protects Americans' right to access social media platforms of their choosing," Krishnan said. Former President Donald Trump in Tulsa, Okla. AP Photo/Sue OgrockiTrump once supported a TikTok ban, but is now against itMeanwhile, Trump — whose administration tried to ban TikTok in the US — but was blocked from doing so in court after TikTok sued — has now come out against a ban for the app. "If you get rid of TikTok, Facebook and Zuckerschmuck will double their business," Trump argued on his social media platform, Truth Social, in a dig at Meta CEO and Facebook founder Mark Zuckerberg.
Persons: , Donald Trump, Sarah Kreps, TikTok's, weaponize, Steve Scalise, Cathy McMorris Rodgers, McMorris Rodgers, Kreps, ByteDance, Krishnan, TikTok, Sue Ogrocki Trump, Trump, Zuckerschmuck, Mark Zuckerberg, Jenna Leventoff, Leventoff Organizations: Service, Business, Tech, Institute, New York's Cornell University, Foreign, ByteDance Ltd, Republican, GOP, House Energy, Commerce Committee, Fox Business, Columbia University, Columbia Law School, Chinese Communist Party, AP, Facebook, Meta, Commerce, American Civil Liberties Union, Center for Democracy and Technology Locations: United States, China, TikTok's Beijing, New York, Tulsa, Okla, TikTok
"Will never fund any Republican candidates or leadership PACs (or the NRSC) run by Republicans who vote against the TikTok legislation," venture capitalist Keith Rabois wrote on X. "Support for the TikTok bill is an IQ test" for members of Congress, Rabois wrote in an email to CNBC. In February, Rabois gave $500,000 to the Congressional Leadership Fund, a political action committee that backs House Republican candidates, according to a Federal Election Commission filing. A managing director at Khosla Ventures, Rabois gave just over $41,000 combined last year to the National Republican Senatorial Committee. Rabois said that whether or not he continues to support the NRCC will be partly tied to how Republican leadership handles the upcoming vote.
Persons: Keith Rabois, Will, ByteDance's, Rabois, Donald Trump, Elon Musk, Chuck Schumer, ByteDance, Mike Johnson, Steve Scalise, Tom Emmer, TikTok Organizations: Khosla Ventures, TechCrunch, San Francisco Design Center, Republicans, CNBC, Congressional, Fund, Republican, Tesla, Senate, Democrat, National Republican, Committee, National Republican Congressional Committee, CCP Locations: San Francisco , California, United States, China, American, La
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAxios' Dan Primack on TikTok ban: If China doesn't allow ByteDance to divest, then it doesn't happenDan Primack, Axios business editor, joins 'Squawk Box' to discuss legislation on Congress forcing TikTok parent company ByteDance to divest or face being banned in the U.S., whether the bill can get enough votes to pass both chambers, the impact of a potential ban on investors, and more.
Persons: Dan Primack Locations: China, U.S
CNN —US intelligence officials “cannot rule out” the possibility that the Chinese government will use TikTok to influence the 2024 US elections, Director of National Intelligence Avril Haines told lawmakers on Tuesday. “We regularly take action against deceptive behavior, including covert influence networks throughout the world, and have been transparent in reporting them publicly,” a TikTok spokesperson told CNN. China is showing “a higher degree of sophistication in its influence activity,” including by experimenting with generative artificial intelligence, according to the report. The Chinese government routinely denies US allegations of election influence. “Even if Beijing sets limits on these activities, individuals not under its direct supervision may attempt election influence activities they perceive are in line with Beijing’s goals.”
Persons: National Intelligence Avril Haines, Haines, , , TikTok, Christopher Wray, Wray, ByteDance, Moscow’s, Xi Jinping, Joe Biden Organizations: CNN, National Intelligence, Intelligence, U.S, Republican, Facebook, Twitter, Capitol, House Intelligence Committee, Foreign Ministry Locations: China, Russia, Iran, New York, Washington, Los Angeles, U.S, Beijing
And he recognized that TikTok was a national security threat, and we are proceeding, because that threat continues today,” she said. Nowhere in the bill does it say Tiktok,” Pence told CNN. The measure’s fate, however, is less certain in the Senate, but Scalise told CNN he’s had conversations with senators who are “interested” in the legislation. While many senators told CNN they were still reviewing the legislation Monday night, there is a core group of senators who have expressed support or openness to the House bill. “He’s wrong,” Roy, a House Freedom Caucus member, told CNN.
Persons: Donald Trump, Cathy McMorris Rodgers, TikTok, , “ I’m, there’s, McMorris Rodgers, , Morgan Griffith, doesn’t, Jeff Duncan, CNN he’s, we’ve, ByteDance, ” Duncan, “ We’ve, Greg Pence, Bill, can’t, , ” Pence, Steve Scalise, Scalise, Shou Chew, Chew, Mariannette Miller, Meeks, Chip Roy, ” Roy, it’s, Tik Tok, Bob Good, Troy Nehls, Trump, ” Nehls, CNN’s Sam Fossum, Manu Raju, Lauren Fox Organizations: CNN — House Republicans, House Energy, Republican, GOP, of Justice, Energy, Commerce, , Caucus, CNN, Chinese Communist Party, South Carolina Republican, Republicans, Punchbowl News, Trump, Rep, Iowa Republican, Texas Republican, Communist, Texas Rep Locations: United States, Virginia, Indiana, Texas, China
Could Trump Save TikTok?
  + stars: | 2024-03-11 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Trump’s TikTok U-turnTikTok users have continued to flood the social media platform — and lawmakers’ inboxes — with pleas to halt a bill that would force its Chinese owners to divest or face a ban in the U.S.That effort to keep TikTok online has now attracted some unlikely backers, including Donald Trump. A recap: Last week, a powerful House committee voted 50-0 to remove TikTok from U.S. app stores by Sept. 30 unless its Beijing-based parent company, ByteDance, sold its stake. President Biden said on Friday that he’d sign the bill if it reaches his desk — even as his campaign has embraced the platform. But Trump has potentially scrambled the political calculus in Washington. Starting last week, the former president has pushed back against a TikTok ban, arguing that such a move would strengthen Meta’s Facebook — the “true Enemy of the People!” (Remember that as president, Trump issued an executive order ordering ByteDance to divest its American assets.)
Persons: ’ inboxes, Donald Trump, Biden, Trump Organizations: Facebook Locations: U.S, Beijing, Washington
Bobby Kotick, the former chief of gaming giant Activision, wants to buy TikTok. He's floated the idea to ByteDance cofounder Zhang Yiming and OpenAI's Sam Altman, the WSJ reports. A proposed bill gaining steam in Congress would force TikTok to sell to a US entity or shut down. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBobby Kotick, the former CEO of gaming giant Activision, may see TikTok as his next act — that is, if a controversial bill making its way through Congress becomes law.
Persons: Bobby Kotick, He's, Zhang Yiming, OpenAI's Sam Altman, TikTok, , Kotick Organizations: Activision, Service, Microsoft, Street Journal, Business
Donald Trump is repeating his defense of TikTok, calling Facebook the real "enemy." Congress is considering a bill that would ban TikTok due to national security concerns. AdvertisementDonald Trump is doubling down on his new pro-TikTok stance, saying that Facebook is the true "enemy." Trump told CNBC's "Squawk Box" on Monday morning: "There's a lot of good and there's a lot of bad with TikTok. While president, Trump had pushed for a TikTok ban unless it sold to new US-based owners, but ultimately backed off.
Persons: Donald Trump, Trump, Mark Zuckerberg, , CNBC's, Zuckerschmuck, Zuckerberg, Trump's, ByteDance, Jeff Yass Organizations: Facebook, Service, Trump Locations: TikTok
Presumptive Republican presidential nominee Donald Trump on Monday raised concerns about efforts to ban Chinese-owned social media app TikTok in the U.S., saying it would only serve to empower Meta's Facebook platform. "Without TikTok, you can make Facebook bigger, and I consider Facebook to be an enemy of the people," Trump, who was formerly U.S. president between 2017 and 2021, said in a CNBC TV interview on Monday. Acknowledging his concerns around national security and data privacy over TikTok, Trump said "there's a lot of good and there's a lot of bad" with the platform. China's National Intelligence Law of 2017 requires organizations and citizens to "support, assist and cooperate with the state intelligence work." In 2020, the Trump administration unsuccessfully tried to have TikTok removed from app stores in the U.S. due to these concerns.
Persons: Donald Trump, Trump, ByteDance Organizations: Facebook, CNBC, Meta, National Intelligence, TikTok, Microsoft, TikTok's Locations: U.S, Beijing
Charli D'Amelio is the second-most followed creator on TikTok, where the 19-year-old former competitive dancer and her sister Dixie have made tens of millions of dollars. But D'Amelio can't be certain how long she'll be able to serve up short viral videos to her 152 million followers. Uncertain of which way the political winds will blow, D'Amelio is looking to build her presence elsewhere. "There's new apps, there's new people, there's exciting new trends. Given the political and national security concerns surrounding TikTok, creators are focusing on other ways they can sell their brand.
Persons: Dixie, China's ByteDance, Joe Biden, Shopify, D'Amelio Organizations: CNBC Locations: New York
Trump's change of heart came days after he met with a billionaire investor with 15% stake in TikTok. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRepublican former President Donald Trump recently said he is against banning Tiktok, a reversal from his previous position. His comments came just days after meeting with a billionaire GOP donor with a large stake in the company. In his interview with CNBC on Monday morning, Trump denied talking to Yass about TikTok.
Persons: Trump, ByteDance, , Donald Trump, Zuckerschmuck, Jeff Yass, Biden, Kellyanne Conway Organizations: Service, Republican, Truth, Facebook, CNBC, US Treasury, Politico, Breakers, New York Times, Trump, Susquehanna International Group, Growth, GOP, Philadelphia Inquirer, Trump Administration, for Growth, Trump White House Locations: TikTok, Palm Beach , Florida, Yass
Read previewA bill to ban TikTok in the US is speeding through Congress and has caught the social media platform off guard, The Wall Street Journal reported. A TikTok spokesperson told Business Insider it expects the bill to pass, saying it had a "predetermined outcome." Others, like former President Donald Trump and Elon Musk, have also weighed in, expressing their opposition to a TikTok ban. The movement to ban TikTok in the US has been pushed by legislators who believe the company will hand over user data to the Chinese government. AdvertisementIn response to the House bill, TikTok went on the offensive and urged its users to contact their representatives to let them know they opposed it.
Persons: , Mike Gallagher, Raja Krishnamoorthi, Joe Biden, Biden, Rand Paul, Lindsay Graham, Donald Trump, Elon Musk, Paul, TikTok, Sen, Ed Markey, Bobby Kotick, ByteDance, Zhang Yiming, Kotick, Sam Altman Organizations: Service, Street Journal, Republican Rep, Democratic Rep, Business, House Energy, Commerce, Senate, Associated Press, Elon, Google, Big Tech, Activision, Journal, Kotick, BI Locations: Wisconsin, Illinois, United States, TikTok
This was nothing short of a communist invasion, in his eyes, and the patriots of Green Charter needed to rise up and confront the Red Peril. But the backlash in Green Charter represents something seldom seen since the Red Scare: a quasi-militant, homegrown resistance to the perceived threat of communism at home. But as the war over Gotion began to consume Green Charter, Riebow began to feel that the township board was behaving "too secretly." It's easy to dismiss what's happened in Green Charter as yet another sign of America's descent into dangerous incivility. Asked about Gotion's plans in Green Charter, Panetta replied, "I don't think there's any question that they are going to take advantage of that situation."
Persons: Jeff Peticolas, Sam Peticolas, He'd, Peticolas, Gos, Green, Matt Harrison Clough, Jim Chapman, I've, Chapman, freaked, Rush Doshi, Joe Biden's, Doshi, Donald Trump, Sen, Katie Britt, Lori Brock, Kristina Karamo, Lana Theis, John Moolenaar, it's, Gotion, John Holdsworth, I'm, Tracy Ruell, Ruell, Carlleen Rose, she'd, Suzi, Tim Hahn, Hahn, texted Hahn, Jeff, Corri Riebow, She'd, Riebow, Breitbart, Gretchen Whitmer, , we've, Holdsworth, Jason Kruse, Kruse, that's, Kruse demurred, Hahn's, we're, We're, what's, William Evanina, Leon Panetta, Barack Obama's, Panetta, Brent Crane Organizations: Imperial, Pacific, Nikon, Ferris State University, Tech, Green Charter, BI Green Charter, Michigan, United States, Chinese Communist Party, Michigan Republican Party, Michigan GOP, WE, Republican, Republicans, Gotion, Treasury Department, BI, CCP politburo, Party, Communist Party of China, SAIC, Nexteer Automotive, Facebook, Big Rapids, Local, Moolenaar, Fox News, Daily Mail, Gov, Green Charter's, Ferris State, Big, FBI Locations: Pearl, He'd, Imperial Japan, Vietnam, Mecosta County , Michigan, American, Green Charter, Green, China, Green Charter's, Montana, Beijing, Arkansas, Reedley , California, Manteno , Illinois, Washington, America, United, United States, Biden's State, Alabama, Mecosta County, Michigan, Sweden, Big Rapids, enervated, Gotion, Northern Michigan, USA, Filipino, Charter, San Diego
3 theories to explain Trump's TikTok flip-flop
  + stars: | 2024-03-08 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +6 min
For instance: In 2020, when he was president, Trump said he wanted to ban TikTok from the US. While we are here, let's be even-handed, and note that Trump is not the only politician who has inconsistent and contradictory approaches to TikTok. So that's a lot of TikTok Ban news to consume over a short period. But I'm still sticking with the argument I made Thursday:It's easy to vote for a TikTok ban if you don't really think it's going to result in a TikTok ban. But it's a lot harder to actually ban TikTok for real — particularly during a very close presidential campaign, where the risk of blowback from angry users is a real thing.
Persons: , Donald Trump, Trump, Jeff Yass, — we're, Republican Sen, Rand Paul, Paul, Biden, — Rand Paul, I'm, , TikTok, let's, Joe Biden, ByteDance Organizations: Service, Facebook, Business, Club, Growth, Trump, Republican, Texas, Project Texas, GOP, Street Locations: Yass, Project, China
Nathan Howard | ReutersSince Biden's playful intro post, his campaign's TikTok account has notched over 222,000 followers and over 2.4 million likes. The Biden campaign didn't immediately respond to a request for comment. On the app, users were greeted with a screenshot warning them that Congress was "planning a total ban of TikTok." TikTok goes to WashingtonU.S. political campaigns more broadly are trying to figure out how best to utilize TikTok. Last April, for instance, the White House said it was enlisting a squad of volunteer TikTok and Instagram influencers to help spread awareness of the Biden campaign.
Persons: Jaap Arriens, Joe Biden, TikTok, Maggie Macdonald, Biden, Kansas City Chiefs —, Macdonald, China's ByteDance, Troy Balderson, Shou Zi Chew, Nathan Howard, Donald Trump, Aaron Earls, Biden's, Karine Jean, Pierre, didn't, influencers, it's, Kennedy, Earls, Marilyn Monroe, Joe DiMaggio, Anupam Chander, , Vivek Ramaswamy, wouldn't, We've, we'll, Anish Mohanty, Mohanty, that's Organizations: Nurphoto, Kansas City Chiefs, University of Kentucky, Washington , D.C, U.S, Chinese Communist Party, CCP, CNBC, U.S . Capitol, Reuters, Republican, Democratic, Senate, White, Biden, Washington U.S, Facebook, Democratic National Committee, Climate Power, Georgetown University Law Center, Congress, Trump, TikTok, Republican Party Locations: Australia, Singapore, Mexico, Washington ,, U.S, Ohio, Washington , U.S, Washington, China, Gaza
The proposed bill would force ByteDance to sell TikTok or face a nationwide ban. AdvertisementTikTokers have enthusiastically answered the app's call to bombard members of Congress with calls and messages in an effort to prevent the platform from being banned in the US. AdvertisementA TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. The state of Montana, for instance, banned TikTok entirely in 2023. An increasing number of states have also made the decision to ban TikTok on government-issued devices.
Persons: ByteDance, , TikTokers, Mike Gallagher, Raja Krishnamoorthi, Trump, TikTok, Jamaal Bowman, Ben Stanley, Mary Miller, Shira, Meta Organizations: Service, Republican Rep, Democratic Rep, Energy, Commerce, New, YouTube, Centre for Digital Citizens, Northumbria University, Facebook, Universal Music Group Locations: Wisconsin, Illinois, Montana, Austin, China, Cambridge, Brexit
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