Tik Tok ban in US: When will the video sharing app stop working for you?
TikTok ban bill, setting a firm deadline for ByteDance, the parent company of the popular video-sharing app, to sell its U.S. operations. The bill, passed by the U.S. Senate, imposes a deadline of January 24, 2025, for ByteDance to complete the sale process or face potential repercussions.
Deadline for ByteDance Sale
As per the newly enacted legislation, ByteDance must sell TikTok or be actively engaged in the process of doing so by January 24, 2025, as per a report by entertainment platform Coming Soon. Failure to comply with this deadline, unless delayed by a court order, may result in an immediate ban on TikTok in the United States. ByteDance could be granted a three-month extension if a sale is in progress, but it would relinquish control over TikTok's algorithm, a crucial component of its popularity.
Want a Loan? Get cash against your Mutual Funds in 4 hoursWhy has US introduced the Tik Tok Ban Bill?
The TikTok ban bill has been introduced due to the concerns that the Chinese government could access the personal information of millions of Americans through ByteDance. With over 170 million users in the United States alone, the potential security risks associated with TikTok have prompted legislative action aimed at safeguarding national interests and user data.
Response from TikTok CEO
Following the signing of the bill, TikTok CEO Shou Zi Chew addressed the company's response in a video message. Chew reassured users that TikTok remains committed to challenging the ban through legal means, emphasizing the
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