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What will be the outcome of TikTok's divestiture process by the end of 2024?
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House of Representatives•ByteDance•TikTok•House•Capcut•Lemon8•Lark•Hypic•China•Chinese Communist Party
Resolution / Starting Odds
Divested to a US-based company • 25%
Divested to a non-US-based company • 25%
Remains under ByteDance ownership • 25%
Other • 25%
Official statement from ByteDance or regulatory filing
Story
House to Ban ByteDance Apps Including TikTok from Official Devices Starting August 15
Jul 30, 2024, 03:07 PM
The House of Representatives is taking significant steps to address national security concerns related to ByteDance, the Chinese-owned parent company of TikTok. Starting August 15, the House will begin blocking and removing all ByteDance products, including TikTok, Capcut, Lemon8, Lark, and Hypic, from official congressional devices and app stores. This move follows actions by the House to force TikTok to divest from China, citing the platform as a major national security threat due to its ties to the Chinese Communist Party. Concerns have been raised about TikTok's role in promoting illegal activities and collecting user data to influence U.S. elections. The process will begin with mobile devices, followed by desktop versions, and will involve all House-managed devices.
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Divested to US company • 25%
Divested to non-US company • 25%
Remains with ByteDance • 25%
Other outcome • 25%
Sold to a U.S. company • 25%
Sold to a non-U.S., non-Chinese company • 25%
No sale completed, TikTok banned • 25%
Extension granted • 25%
ByteDance sells to a US company • 25%
ByteDance sells to a non-US company • 25%
ByteDance does not sell • 25%
Other outcome • 25%
TikTok banned • 25%
ByteDance divests • 25%
Supreme Court blocks ban • 25%
Other outcome • 25%
Divestment completed • 25%
Extension granted • 25%
No action taken • 25%
TikTok banned • 25%
Divestment completed • 25%
Divestment in progress • 25%
Divestment blocked • 25%
Other outcome • 25%
TikTok wins the challenge • 25%
TikTok loses the challenge • 25%
Case is dismissed • 25%
Settlement reached • 25%
Divestiture completed • 25%
Divestiture announced but not completed • 25%
No divestiture • 25%
Legal challenge delaying divestiture • 25%
Sold to a U.S. company • 25%
Sold to a non-U.S. company • 25%
Remains under current ownership • 25%
Operations cease in U.S. • 25%
Supreme Court blocks order • 25%
Supreme Court upholds order • 25%
Settlement reached • 25%
Other legal outcome • 25%
