So Congress is discussing another TikTok ban. Here's what you need to know: 🗓 The Latest: The House today passed a bill that would force TikTok parent company, ByteDance, to divest itself from TikTok. From here, the bill goes to the Senate for more deliberations. ⏳ What's Expected to Happen: The full Senate process will likely take some time, if the bill even makes it to a full vote. President Biden has said he would sign the bill if it made it to his desk, but TikTok is also expected to contest any bill forcing ByteDance to divest. ❓ What does this mean for you? Right now, nothing much. Clients and individuals active on TikTok can continue to post as usual. The platform is vibrant as ever, and the usage remains at a high. Follow us as this is a rapidly developing story! #SocialMedia #Trends #TikTok
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So, a #TikTokban is imminent, right? Not yet. Today's House vote changes the previous context and calculus a bit, but there are still essentially four different ways this could end up. 1. The Senate passes the bill and the President signs it, forcing a sale of TikTok to a US-based firm. ByteDance may or may not choose to sell. "In the chance that the latest TikTok bill passes, Angelo Zino, a vice president and senior equity analyst at CFRA Research, told CNBC, it’s possible that TikTok’s U.S.-only business 'could fetch a valuation north of $60 billion' when looking at peer valuations in the market. That said, we don’t even know if it would get to that point as ByteDance could decide to just have TikTok stop doing business in the U.S. if forced to do so,” Zino said in an email. 2. The Senate passes its version of the bill, it goes through reconciliation with the House bill, and any number of outcomes can happen. 3. The Senate does not pass the House bill, or their own bill, in which case this particular bill is dead. TikTok stays operational. 4. Legal challenges stall any such passage of the bill and we’re in purgatory, but TikTok stays operational. https://lnkd.in/gHGf7Zfs
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
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Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/eEFng-56
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
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Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/e2HrnzB2
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
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Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/gWWhE6vV
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
To view or add a comment, sign in
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Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/eBRMwNKW
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
To view or add a comment, sign in
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Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/e7Qkf47r
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
To view or add a comment, sign in
-
Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/dnrs7Yc4
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
To view or add a comment, sign in
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Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/dnrs7Yc4
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
To view or add a comment, sign in
-
Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/ghjSrvpr
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
To view or add a comment, sign in
-
Important update! The US House of Representatives has passed a bill that could result in a ban on TikTok 📵 🔹 ByteDance, TikTok's parent company, must divest from TikTok or risk a ban in the US. 🔹 The bill's fate now lies with the Senate, whose outcome remains uncertain. 🔹 If passed, the bill would prevent companies like Apple and Google from hosting TikTok. These changes could significantly impact the tech and social media sectors. We'll keep you up-to-date on these developments. #InvestmentNews #TikTokBan #StayInformed https://lnkd.in/ePra-gPk
House passes bill that could lead to a TikTok ban; fight shifts to the Senate
cnbc.com
To view or add a comment, sign in
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