Connect with us

Hi, what are you looking for?

Brilliant AchievementBrilliant Achievement

Tech News

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it

Photo collage of the TikTok logo over a photograph of the US Capitol building.
Cath Virginia / The Verge | Photo from Getty Images

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year.

The divest-or-ban bill is now law, starting the clock for ByteDance to make its move. The company has an initial nine months to sort out a deal, though the president could extend that another three months if he sees progress.

While just recently the legislation seemed like it would stall out in the Senate after being passed as a standalone bill in the House, political maneuvering helped usher it through to Biden’s desk. The House packaged the TikTok bill — which upped the timeline for divestment from the six months allowed in the earlier version — with foreign aid to US…

Continue reading…

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Tech News

The Dbrand Ghost Case for the iPhone 15 Pro. | Image: Dbrand Dbrand is scrapping plans to fix its anti-yellowing Ghost Case, but not...

Tech News

We put the Roborock S8 MaxV Ultra head-to-head against the DreameBot X30 Ultra to find out which of these Roomba competitors’ flagship robot vacuums...

Tech News

The Kindle Scribe comes with a stylus to take notes and is nearly $100 off. | Image: Amelia Holowaty Krales / The Verge When...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave recaps another strong day for stocks as the S&P 500 regains its 50-day moving average. He...