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Market
Market impact on ByteDance post-divestiture announcement
5
Resolution / Starting Odds
Increase in valuation • 33%
Decrease in valuation • 33%
No significant change • 34%
Financial news and stock market analysis
Story
Congress Set to Vote on TikTok Divestiture Bill April 20, Extends Sale Deadline
Apr 18, 2024, 04:55 PM
The U.S. Congress is advancing legislation that would require ByteDance to divest TikTok or face a ban, with the House fast-tracking the bill and incorporating it into a $95 billion foreign aid package to increase its chances of passing. The bill, which now includes a provision allowing the President to extend the divestment deadline by an additional 180 days, has gained key support from Senate Commerce Committee Chair Maria Cantwell. This support is crucial as the bill heads to the Senate, where it is expected to be voted on by April 20. ByteDance now has one year to complete the sale once the bill is signed into law.
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Significant positive impact on ByteDance valuation • 25%
No significant change in ByteDance valuation • 25%
Significant negative impact on ByteDance valuation • 25%
Mixed or unclear impact on ByteDance valuation • 25%
Significant impact reducing global operations • 25%
Moderate impact with slight operational adjustments • 25%
Minimal impact with business as usual • 25%
Expansion or diversification of operations • 25%
Positive market response • 33%
Negative market response • 33%
Neutral market response • 34%
Relations improve • 33%
Relations deteriorate further • 33%
No significant change • 34%
ByteDance complies • 50%
ByteDance does not comply • 50%
ByteDance retains majority ownership • 25%
ByteDance divests majority stake • 25%
ByteDance sells TikTok • 25%
No change in ownership • 25%
Increase • 33%
Decrease • 33%
Remain stable • 34%
Banned • 33%
Restricted Use • 34%
No Change • 33%
Microsoft • 25%
Google • 25%
Facebook • 25%
Other • 25%