Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature

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The Senate has passed legislation that would require TikTok's parent company, ByteDance, to sell the social media platform or face a ban. The bill, included as part of a larger $95 billion package, gives ByteDance nine months to sell TikTok, with a possible three-month extension if a sale is in progress. The legislation also prohibits ByteDance from controlling TikTok's algorithm. The bill now goes to President Joe Biden, who has expressed support for the TikTok proposal. The passage of the legislation reflects concerns over Chinese threats and the ownership of TikTok, which is used by 170 million Americans. Critics argue that a comprehensive federal data privacy law would be a better way to protect U.S. consumers.

#Tiktok #Bytedance #Senate #JoeBiden #China #DataPrivacy

https://finance.yahoo.com/news/senate-passes-bill-forcing-tiktoks-014240267.html