Loading...
Loading...
Browse all stories on DeepNewz
VisitSenators Cotton and Ricketts Oppose TikTok Ban Extension, Demand ByteDance Sale to Sever China Ties
Jan 19, 2025, 02:29 PM
Senators Tom Cotton and Pete Ricketts, with Cotton serving as the Chairman of the Senate Intelligence Committee and part of GOP leadership, have taken a firm stance against extending the effective date of the TikTok ban, despite indications from former President Donald Trump that he might seek to delay it. The senators, representing Arkansas (R-AR) and Nebraska (R-NE) respectively, argue that with the law now in effect, there is no legal basis for any kind of extension. They emphasize that for TikTok to operate legally in the future, ByteDance must agree to a sale that meets the law's qualified-divestiture requirements, completely severing ties with Communist China. This position is supported by the assertion that ByteDance has not shown significant progress toward a qualified divestiture, as required by the law.
View original story
Markets
No • 50%
Yes • 50%
Official announcements from ByteDance or credible news outlets
No • 50%
Yes • 50%
Public statements from Senators Cotton and Ricketts or credible news reports
Yes • 50%
No • 50%
Official government announcements or credible news reports
Legal challenges • 25%
Other reasons • 25%
Economic considerations • 25%
Political negotiations • 25%
Official government statements or credible news reports
ByteDance sells TikTok • 25%
Other outcome • 25%
TikTok remains banned • 25%
TikTok operates with restrictions • 25%
Official announcements from the US government, ByteDance, or credible news outlets
Other entity • 25%
ByteDance • 25%
US-based company • 25%
Consortium of investors • 25%
Official announcements from ByteDance, acquiring companies, or credible news outlets