It's Thursday night here has he signed yet ?
this post was submitted on 24 Apr 2024
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Yup. It’s signed.
This is the best summary I could come up with:
WASHINGTON (AP) — The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for income.
For years, lawmakers and administration officials have expressed concerns that Chinese authorities could force ByteDance to hand over U.S. user data, or influence Americans by suppressing or promoting certain content on TikTok.
Sen. Ron Wyden, a Democrat who voted for the legislation, said he has concerns about TikTok, but he’s also worried the bill could have negative effects on free speech, doesn’t do enough to protect consumer privacy and could potentially be abused by a future administration to violate First Amendment rights.
“At the stage that the bill is signed, we will move to the courts for a legal challenge,” Michael Beckerman, TikTok’s head of public policy for the Americas, wrote in a memo sent to employees on Saturday and obtained by The Associated Press.
Since then, TikTok has been in negotiations about its future with the secretive Committee on Foreign Investment in the United States, a little-known government agency tasked with investigating corporate deals for national security concerns.
“As I started to reflect some months ago on the stresses of the last few years and the new generation of challenges that lie ahead, I decided that the time was right to pass the baton to a new leader,” Andersen wrote in an internal memo that was obtained by the AP.
The original article contains 1,165 words, the summary contains 266 words. Saved 77%. I'm a bot and I'm open source!
Who is gonna buy it though?
I read a while back that Bobby Kotick was trying to drum up investors for it.
Gross.
No one. China already said it won't let Bytedance sell the algorithm or code. So even if someone buys the name we'll just get YouTube shorts under a different name.
Sell to who is what I'm wondering. I would be surprised if whoever wants to acquire TikTok is not lobbying hard for this.
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US Congress will grant the government any power except enforcing privacy rights.
APRA is coming