Washington – President Joe Biden has signed a bill on Wednesday that the Chinese parent company TikTok will be divested from the US or will be banned nationwide and its important point is that this will not happen before the 2024 elections. This matter has been going on for a long time and they will fight a legal battle and do not want to decide its fate.
Changes in law bill: Is it because of Elections?
The bill was signed on Wednesday after a long time since the Biden administration warned last year that The app would be banned if its parent company, ByteDance, did not sell its stake in the U.S. version of the app. This means that the app, which is used by 170 million Americans, will be an active participant in the voting campaign because this app is a very good option for the president to reach out to voters. The earlier bill was to ban the app before the election, but due to recent changes, Joe Biden will not face direct backlash from voters.
Elections are a possibility to make changes in the bill and some democrats say that ByteDance will soon sell TikTok to a U.S. company rather than having a U.S. Ban, where some experts also disagree. Several other lawmakers who have negotiated the change, including Raja Krishnamoorthi, said that the reason for pushing the deadline was to improve company sales.
The App critics have been arguing for a long time that this app puts U.S. data at risk because Chinese law requires China’s companies to share all the information with the Chinese Government. TikTok has always said that it operates independently and protects US data through its alliance with Oracle, which helps to protect the data.
Chinese company ByteDance relaunched Musical.ly, a popular karaoke app, in 2017 as TikTok and since then this app has become very popular among people and national security officials. It is said that due to the influence of the Chinese government on this app, they can leak the data of US citizens.
What is the new law called?
However, according to the new law, This app will not go away instantly, they have given one year’s time to find a US buyer. If we talk specifically, according to the law this company has nine months to arrange a sale, and they have the option that President Biden can extend the deadline by another 90 days if there is enough progress on the sale. If this is not done then the app will be removed from the US App Store.
What option does TikTok have in the future?
CEO Shou Chew said on Wednesday that he will challenge the new law on First Amendment grounds. They can also wait for the November presidential elections in the hope that whichever party wins will change its heart and will be saved from being banned in the U.S. If TikTok is sold to its U.S. owner, it will remain an independent company with its stock, so the Parent Company can still dilute its power by not including TikTok’s algorithm. Without the algorithm, U.S TikTok would be totally different from what it is today. If U.s bans Tiktok This will be the beginning of a very serious tech war.
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Trump said, “The entire blame for banning TikTok goes to Biden and he is pushing them to close the company so people must remember who to vote. Donald Trump is now against banning the app but earlier he was also in favour of it. This change of heart is because of elections.
We will update you about the news once we get the insights.
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