A new law could ban TikTok in 2025. Here's what happens next.

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The Senate voted 79-18 to advance a bill that gives China's ByteDance up to one year to divest TikTok or face a US ban. President Joe Biden is expected to sign the bill. The bill gives the company 270 days to sell, with the possibility of an extension up to a year. The law is part of the ongoing US-China trade war and is seen as a response to national security concerns. TikTok denies the charges and says it would never share US data. ByteDance is 60% owned by institutional investors who may want to keep the app in the American market. The law could face legal challenges, including on first amendment grounds and for unfairly targeting a single company.

#Tiktok #Bytedance #UschinaTradeWar #NationalSecurity #Divestment #Ban #Legislation #PresidentJoeBiden

https://finance.yahoo.com/news/a-new-law-could-ban-tiktok-in-2025-heres-what-happens-next-111917426.html

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