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home / articles / META - TikTok Bill Passes House Vote Influencers On Edge: Chinese-Owned App Used By 150M Americans (UPDATED) | Benzinga


META - TikTok Bill Passes House Vote Influencers On Edge: Chinese-Owned App Used By 150M Americans (UPDATED) | Benzinga

Editor’s note: This story has been updated with additional details.

A bill that would force the sale of TikTok by its Chinese owners or face a ban in the U.S. has been passed by the House of Representatives and will now head to the Senate.

TikTok’s Biggest Challenge: The bill as it stands now, if passed by the Senate and signed by President Joe Biden, would give TikTok’s parent company ByteDance five months to sell TikTok or have it removed from app stores across all formats, affecting around 150 million U.S. users.

There were 352 “yays” in favor of passing the bill, well in excess of the two-thirds majority (290 votes) needed to move the bill to the Senate.

If it comes to a ban, the government would likely have to order app stores operated by the likes of Apple Inc (NASDAQ:AAPL) and Alphabet ...

Full story available on Benzinga.com

Stock Information

Company Name: Meta Platforms Inc
Stock Symbol: META
Market: NASDAQ
Website: facebook.com

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