Biden Signs Bill Requiring the Sale or Ban of TikTok

TikTok ban protest

President Biden signed a bill mandating TikTok’s Chinese owner, ByteDance, to sell the app to a U.S. company within nine months, extending a previous deadline by three months with an option for a further 90-day extension. This move is part of a $95 billion aid package and stems from concerns that ByteDance could share user data with the Chinese government or use the app to influence elections. Potential buyers like Microsoft and Google face antitrust challenges, while others might be hindered by Chinese regulations on algorithm export.