When Biden signs the bill into law, it would start the 270-day countdown for TikTok to find a buyer. If it can’t separate from its parent company ByteDance, then TikTok users could hypothetically be cut off by January. TikTok boasts over 170 million users in the United States and holds...
TMTPOST -- TikTok has warned that a ban on its platform in the United States could result in a $1.3 billion loss in revenue and earnings for small businesses and social media creators within just one month in a court filing earlier this month. The potential ban, set to take effect on J...
When Biden signs the bill into law, it would start the 270-day countdown for TikTok to find a buyer. If it can’t separate from its parent company ByteDance, then TikTok users could hypothetically be cut off by January. TikTok boasts over 170 million users in the United States and holds...
TikTok has vowed to pursue legal action against the U.S. government should Biden sign the bill into law. In a memo sent to employees on Saturday, a senior TikTok executive said that this would mark the "beginning, not the end" of a protracted process to contest what the company perceives...
TikTok Warns U.S. Ban Could Cause $1.3 Billion in Losses for Small Businesses and Creators in a Month TMTPOST -- TikTok has warned that a ban on its platform in the United States could result in a $1.3 billion loss in revenue and earnings for small businesses and social media ...
(1) are in the United States or come within the United States; or (2) to the extent necessary to prevent commercial operation of the social media company in the United States, are or come within the possession or control of a United States person. DEEMED COMPANIES.—The following companies...
In apost on X, TikTok rejected lawmaker claims about the legislation providing options for TikTok. “This legislation has a predetermined outcome: a total ban of TikTok in the United States,” the company wrote. “The government is attempting to strip 170 million Americans of their Constitutional...
Christina Solomonides and her family also planned their trip to Switzerland this past winter using TikTok. "I didn't even know they had the Lindt Museum till I found it on TikTok," she said. About 150 million people in the United States, nearly half the country's population, currently use...
TikTok has 170 million users in the United States alone. The bill, which could trigger the rare step of barring a company from operating in the US market, passed the Senate by a 79-18 vote three days after it cleared the House of Re...
Nearly two million U.S. creators would collectively lose around $300 million in earnings, while TikTok would forfeit 29% of its projected global advertising revenue for 2025. TMTPOST -- TikTok has warned that a ban on its platform in the United States could result in a $1.3 billion loss ...