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TikTok on the Clock |
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Officials from TikTok vowed yesterday to file a legal challenge against a new law requiring its China-based parent company, ByteDance, to sell the platform or withdraw from the US market within 270 days. President Joe Biden signed the order yesterday as part of a broader $95B foreign aid package (see previous write-up). The window for sale, which can be extended 90 days, falls on Jan. 19—one day before the current presidential term ends. The platform boasts 170 million monthly active users in the US but has been criticized over potential national security concerns. India banned the app in 2020 after a military incident along its border with China, and the platform is technically banned in China (a walled-off version known as Douyin is used). TikTok also successfully fended off an effort to ban its use during the Trump administration. See inside a yearlong behind-the-scenes push to get the bill crafted. |
