French billionaire Xavier Niel is joining the board of directors of TikTok’s parent, ByteDance, the company told the South China Morning Post. It’s an interesting move as Niel isn’t a name that comes up very often for high-profile board positions. He is replacing Philippe Laffont, the founder of the New York-based investment firm Coatue Management, […]
Biden signs bill that would ban TikTok if ByteDance fails to sell the app
President Biden has signed a bill that would ban TikTok if its owner, ByteDance, doesn’t sell it within a year. The bill, which includes aid for Ukraine and Israel, was passed by the U.S. Senate in a 79-18 vote late Tuesday after the House passed it with overwhelming majority over the weekend. The bill gives […]
Senate passes a bill forcing TikTok to face a ban if ByteDance doesn’t sell it
The Senate passed a bill, included with the foreign aid package, that will ban TikTok if its owner, ByteDance, doesn’t sell it within a year. Senators passed the bill 79-18 Tuesday after the House passed it with overwhelming majority over the weekend. President Joe Biden will have to sign the bill to make it law, […]
TikTok ban: How Congress could force ByteDance to sell or push the app out of the U.S.
TikTok faces an uncertain fate in the U.S. once again. In a 352 to 65 vote Wednesday, the House voted to pass a bill that could lead to a national TikTok ban. After a surprise flurry of bipartisan activity in the House, the legislation advanced out of the House Energy and Commerce Committee and made […]