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VisitTikTok Sues U.S. to Block Law Forcing Sale or Ban by 2025
May 7, 2024, 04:36 PM
TikTok and its Chinese parent company ByteDance have filed a lawsuit against the U.S. government, challenging a new law signed by President Joe Biden that mandates the divestiture of the popular social media platform or faces a nationwide ban by January 19, 2025. The companies argue that the law, which aims to address national security concerns by forcing ByteDance to sell TikTok if it cannot meet certain conditions, violates the First Amendment rights of its 170 million American users. The lawsuit marks a significant escalation in the ongoing tensions between the U.S. and the Chinese tech industry, setting the stage for a legal showdown over free speech and national security in the digital age.
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ByteDance sells its stake • 50%
ByteDance retains its stake • 50%
ByteDance retains majority ownership • 25%
ByteDance divests majority stake • 25%
ByteDance sells TikTok • 25%
No change in ownership • 25%
Shutdown operations • 33%
Sell majority stake • 33%
Maintain current operations without changes • 34%
Support TikTok • 25%
Collaborate on a solution • 25%
Neutral • 25%
Oppose TikTok • 25%
Implement similar laws • 25%
Support U.S. decision • 25%
Oppose U.S. decision • 25%
Neutral • 25%