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VisitTech industry's response to TikTok divestiture law by end of 2024
Support from other tech companies • 25%
Neutral stance from other tech companies • 25%
Opposition from other tech companies • 25%
Diverse reactions from other tech companies • 25%
Public statements, press releases
TikTok, ByteDance Challenge Biden Admin's Unconstitutional Divestiture Law
May 7, 2024, 04:10 PM
TikTok and its parent company ByteDance have filed a lawsuit against the Biden Administration, challenging a new law that mandates the divestiture of the social media platform or faces a potential ban. This legal action, which cites the law as unconstitutional and a violation of the First Amendment, comes amid allegations from a former executive claiming that ByteDance exerts significant control over TikTok, contrary to previous assertions of autonomy. Investigations by journalists and statements from current employees further support the claim of ByteDance's predominant influence over TikTok's operations, emphasizing the profit-driven nature of the company over political concerns.
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Support TikTok • 25%
Oppose TikTok • 25%
Neutral or no response • 25%
Collaborate with government • 25%
Launch of a similar service • 25%
Acquisition of TikTok or its assets • 25%
No significant change in strategy • 25%
Partnership with other social media platforms • 25%
Support U.S. decision • 25%
Oppose U.S. decision • 25%
Neutral • 25%
Implement similar laws • 25%
Support TikTok • 25%
Oppose TikTok • 25%
Neutral • 25%
Collaborate on a solution • 25%
Support TikTok • 25%
Oppose TikTok • 25%
Neutral stance • 25%
No public reaction • 25%
Other countries implement similar bans • 25%
Other countries take no action • 25%
Other countries negotiate with the U.S. • 25%
Other countries support TikTok legally • 25%
Positive market response • 33%
Negative market response • 33%
Neutral market response • 34%
Continues operation under new ownership • 33%
Ceases operations • 33%
Operates with significant restrictions • 34%
Mostly Favorable • 33%
Mostly Unfavorable • 33%
Mixed/Neutral • 34%
Adopt similar legislation • 33%
Oppose U.S. actions • 33%
Take no action • 34%
No significant international reaction • 34%
Economic or trade measures against the U.S. • 33%
Supportive statements or actions from other countries • 33%
Change in data policies • 25%
No change in policies • 25%
Increase in lobbying efforts • 25%
Public advocacy against similar laws • 25%
Law is constitutional • 50%
Law is unconstitutional • 50%
Moderate impact with slight operational adjustments • 25%
Significant impact reducing global operations • 25%
Expansion or diversification of operations • 25%
Minimal impact with business as usual • 25%