![]() ‘An ungodly, dystopian landscape’: New York’s skies underscore climate stakesīanning the app nationwide could also bring its own challenges. White House COVID czar Ashish Jha stepping down He also said that China could potentially retaliate against the U.S. federal courts and would likely be tied up in litigation for months, if not years. A forced TikTok sale could lead to some challengesĬunningham reiterated that a forced sale of TikTok will probably be challenged once again by U.S. could also put pressure on tech giants like Apple and Google to restrict or ban the application from their marketplace. Related info: How could the US ban TikTok? “In this case, the president, advised by CFIUS, likely has the power to reverse and nullify ByteDance’s purchase of Musical.ly. Under the Exon-Florio amendment, a law established in 1988 to review foreign investment in the U.S., the president has the legal authority to block or unwind acquisitions conducted by foreign entities if the transaction poses a national security concern to the U.S., said Bryan Cunningham, an advisor at Theon Technology and a former White House lawyer. have legal power to force ByteDance to sell TikTok? TikTok CEO Shou Chew answers a question during a House Energy and Commerce Committee hearing on Thursday, Mato discuss privacy concerns and safeguarding children on TikTok. “That said, it remains a complicated and dynamic situation for which few, if any of us, have enough information to anticipate specific outcomes,” he added. ![]() The basics: How could a TikTok ban be enforced? People are also able to discover and transact with a suite of more than a dozen products and services such as TikTok, CapCut, TikTok Shop, Lark, Pico and Mobile Legends: Bang Bang, as well as products and services specific to the China market, including Toutiao, Douyin, Fanqie, Xigua, Feishu and Douyin E-commerce.īyteDance has over 150,000 employees based out of nearly 120 cities globally, including Austin, Barcelona, Beijing, Berlin, Dubai, Dublin, Hong Kong, Jakarta, London, Los Angeles, New York, Paris, Seattle, Seoul, Shanghai, Shenzhen, Singapore, and Tokyo.“The US government has regulatory and legal tools at its disposal that could force ByteDance to sell TikTok if deemed necessary for national security reasons,” said Joe Gagliese, CEO of Viral Nati on, a social media talent management and brand marketing agency based in Canada. In support of its mission to Inspire Creativity and Enrich Life, ByteDance has made it easy and fun for people to connect with, create and consume content. Today, the TikTok platform, which is available outside of China, has become the leading destination for short-form mobile videos worldwide. ByteDance acquired Musical.ly in November 2017 and subsequently merged it with TikTok. It quickly took off in markets like Southeast Asia, signaling a new opportunity for the company. Approximately a year later, ByteDance accelerated globalization with the launch of its global short video product, TikTok. It followed that success with the launch of Douyin in September 2016. The company launched Toutiao, one of its flagship products, in August 2012. ByteDance was founded in 2012 by a team led by Yiming Zhang and Rubo Liang, who saw opportunities in the then-nascent mobile internet market, and aspired to build platforms that could enrich people's lives.
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