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US threatens to ban TikTok
US threatened to ban TikTok FREE NEWS
US threatens to ban TikTok
The administration of US President Joe Biden is forcing the Chinese owners of the social network TikTok to sell their shares, otherwise the application risks being… RIA Novosti, 03/16/2023
2023-03-16T10:02
2023-03-16T10:02
2023-03-16T10:02
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MOSCOW, March 16 – RIA Novosti. The administration of US President Joe Biden is demanding that the Chinese owners of the social network TikTok sell their shares, failing which the application risks being banned in the country, reports the Wall Street Journal, citing sources close to the situation. The US administration considers TikTok a threat to national security. In early March, the House Foreign Affairs Committee approved a bill allowing the US president to ban the operation of this social network in the country. “The Biden administration is demanding that the Chinese owners of TikTok sell their shares or threaten to ban the app in the United States…The U.S. Foreign Investment Committee recently issued a request to sell,” the newspaper said, citing anonymous sources. According to the Wall Street Journal, TikTok representatives noted on Wednesday that the forced sale would not help address the perceived security risk. TikTok’s owner, ByteDance, is reportedly 60% owned by global investors, 20% by employees and 20% by the company’s founders, who have more voting rights. According to the publication, the company is to spend $1.5 billion on a program to protect US users’ data and content from Chinese government access. Canada has previously announced that it will investigate TikTok’s activities which it suspects of violating privacy. A ban on using the app on government devices has also been introduced in a number of US states. In addition, the House Foreign Affairs Committee of the US Congress has approved a bill allowing the US President to ban the work of the social network in the country. The decision to suspend the use of TikTok on companies’ devices “for security reasons” was also taken by the European Commission, the European Parliament and the Council of the EU. TikTok is an application for creating and watching short videos owned by the Chinese company ByteDance. Launched in 2018, it has become the segment leader of short video apps in China and is gaining popularity around the world. -0-
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US threatens to ban TikTok
“The Biden administration is demanding that the Chinese owners of TikTok sell their shares or threaten to ban the app in the United States…The U.S. Foreign Investment Committee recently issued a request to sell,” the newspaper said, citing anonymous sources.
According to the Wall Street Journal, TikTok representatives noted on Wednesday that the forced sale would not help address the perceived security risk.
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“If the goal is to protect national security, the sale of part of the assets will not solve the problem: the change of ownership will not impose any new restrictions on data flows or access to them,” said the door. -word from TikTok, Brooke Oberwetter. .
TikTok’s owner, ByteDance, is reportedly 60% owned by global investors, 20% by employees and 20% by the company’s founders, who have more voting rights. According to the publication, the company is to spend $1.5 billion on a program to protect US users’ data and content from Chinese government access.