Experts question if any potential buyer has the financial resources to buy TikTok
WASHINGTON – TikTok's chief executive said on Wednesday the social media company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban its popular short video app used by 170 million Americans.
"We don't want to see a ban," White House spokeswoman Karine Jean-Pierre said on Tuesday. "This is about PRC ownership," she added, referring to the People's Republic of China. Many experts question if any potential buyer has the financial resources to buy TikTok and if China and US government agencies would approve a sale.
TikTok is set to challenge the bill on First Amendment grounds and TikTok users are expected to again take legal action. A US judge in Montana in November blocked a state ban on TikTok, citing free-speech grounds. If ByteDance failed to divest TikTok, app stores operated by Apple, Alphabet's Google and others could not legally offer TikTok or provide Web hosting services to ByteDance-controlled applications or TikTok's website.
The bill would also give the White House new tools to ban or force the sale of other foreign-owned apps it deems to be security threats.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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