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TikTok Ready to Fight US Ban With 170 Million Users at Stake.
In: Bloomberg.com, 2024-04-22, S. N.PAG
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TikTok's parent company, ByteDance, is prepared to fight against a potential ban in the US. The US government is seeking to shut down TikTok unless it is divested from ByteDance, but the company has stated that it has no intention of selling. This sets the stage for a legal battle between the US government and ByteDance, which could have implications for other Chinese companies with US ambitions. TikTok has a significant presence in the US, with 170 million users and a thriving e-commerce business. The outcome of this battle could also impact TikTok's international expansion plans. European Union officials have also threatened TikTok with fines and temporary curbs on its new TikTok Lite app. ByteDance believes it has a good chance of challenging the proposed law in US courts, arguing that it would violate Americans' First Amendment rights to free speech. However, a ban could still be a possibility, and the solution may ultimately lie with the courts. [Extracted from the article]
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TikTok Ready to Fight US Ban With 170 Million Users at Stake.
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Autor/in / Beteiligte Person: | Huang, Zheping ; Zheng, Sarah |
Zeitschrift: | Bloomberg.com, 2024-04-22, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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