The United States House of Representatives approved legislation calling for banning the use of TikTok in the United States unless the company that owns it sells the app in the next 5 months. President Biden has already committed to signing, all that remains is for the Senate to finish approving.
This movement was not very well seen in China, because “They consider this to be a practice of intimidation that disrupts the normal commercial activities of companies”. The company that owns TikTok in the United States, ByteDance, suggests that more than 300,000 jobs would be affected if the app is banned in the United States.
Shou Chewthe advisor and delegate of TikTok in the United States declared that the app has not stopped investing in keeping your data safe on the platform “free from external manipulation”. He even points out that they are committed to continuing with that.
In addition, Shou Chew He added that if the legislation becomes law, it will end up banning the use of the app in the United States. Even those who support this proposal admit that this is the goal.
“This legislation is more power to other social media companies and will also take billions of dollars away from creators and small businesses.” declared Shou Chew. Likewise, he also said that 170 million users would lose their app and a way to express themselves freely.
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Who owns TikTok?
At least in the United States, ByteDance owns TikTok. This is a technology company based in Beijing, but curiously its legal domicile is in the Cayman Islands, which for many is a tax haven.
However, the real owner of TikTok is Zhang Yimingwho is an entrepreneur who founded ByteDance in 2012. The truth is that they would be affected if they left the United States market, since they generate a lot of money from ads and have many content creators in the region.
We'll see what happens in the medium term with this issue, which seems very far from being resolved, unless someone in the United States decides to fork out and buy the app. You can a round for Discord and don't miss the news on Google news.
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