From Breakingviews - TikTok ban is the least palatable of options
and Tiger Global Management have taken stakes in the unlisted company, the $300 billion Chinese social media firm and its founder Zhang Yiming are still large shareholders. ByteDance also allowed the Chinese government to take a special management stake in one of its Chinese subsidiaries in late 2019,
in 2021. It's an increasingly common feature as the People’s Republic exerts more control over private technology firms.the TikTok user data of two journalists. While those employees have since been fired, it has added fuel to local and national U.S. politicians’ ire. More recently the company had been working with the Committee on Foreign Investment in the United States to ease concerns. TikTok has proposed constructing a division with a separate board, which includes a former U.S.
A TikTok spokesperson said in a statement, “We will continue to fight for TikTok users and creators in Montana whose livelihoods and First Amendment rights are threatened by this egregious government overreach.” Though other states may be tempted to follow, there are problems with Montana’s method. Workarounds are easy with a virtual private network. Policing vacationers with TikTok on their phones seems impossible. Opponents, like the American Civil Liberties Union, are concerned about crackdowns on free speech. They are likely to put up a fight in Montana.Still, Montana is not alone. The White House wants ByteDance to part with TikTok too. Short of a sale, Biden has threatened to block the app.
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