TikTok faces possible US ban after unanimous vote
03/09/2024 00:59
TikTok is facing legal challenges as lawmakers passed legislation that will force the video-sharing platform's parent company ByteDance to divest ownership within 165 days. Citing user data concerns, the unanimous vote mandates that TikTok's US operations be separate from the China-based company. If ByteDance fails to comply, major tech companies like Google (GOOG, GOOGL) and Apple (AAPL) will be prohibited from featuring TikTok on their respective app stores and platforms. Yahoo Finance's Dan Howley breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
TikTok is facing legal challenges as lawmakers passed legislation that will force the video-sharing platform's parent company ByteDance to divest ownership within 165 days. Citing user data concerns, the unanimous vote mandates that TikTok's US operations be separate from the China-based company.
If ByteDance fails to comply, major tech companies like Google (GOOG, GOOGL) and Apple (AAPL) will be prohibited from featuring TikTok on their respective app stores and platforms.
Yahoo Finance's Dan Howley breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith