President Biden signed a law requiring TikTok to sell assets in the US before January 19, 2025 or be completely banned in the country.
Mr. Biden on April 24 signed a law forcing ByteDance to divest capital from TikTok within 9 months or stop operations in the US, one day after Congress approved the bill and sent it to the White House.
The deadline for ByteDance to divest is January 19, 2025, one day before Mr. Biden ends his presidential term, but can be extended by three months if it evaluates that ByteDance has made progress.
Tiktok headquarters in California, USA. Image: AFP
TikTok CEO Shou Zi Chew believes the platform will win in the legal effort to block the law recently passed by President Biden. “This is clearly a ban aimed at TikTok. But rest assured that we are not going anywhere. The truth and the US Constitution are both on our side,” he said.
A TikTok spokesperson previously criticized the law as “stripping 170 million Americans of their Constitutional right to free speech, damaging millions of businesses, causing artists to lose audiences, and destroying livelihoods.” of creators across this country”.
US congressional offices last month were flooded with calls from users protesting the bill. At that time, supporters of the bill said that TikTok’s “pressure campaign” further showed that the ban was necessary.
TikTok is under scrutiny in Western countries, due to concerns about the risk of user data falling into the hands of China. German security agencies have warned people not to use TikTok, while the application is banned on the devices of state employees in many countries. The short video platform claims these warnings are unfounded, emphasizing that they do not collect more data than other apps.
Diep Anh (According to Reuters)
