Tick tock for TikTok
Banning the social media platform would not automatically benefit US entertainment companies
Last Wednesday, the US House of Representatives passed a bill that could lead to the banning of social media platform TikTok in the US. At issue is the ownership of the app, which is currently held by Chinese company ByteDance. The bill demands that ByteDance sell its interest in TikTok to a company that “satisfies US government interests” or face a ban.
It’s ironic that given the Chinese government’s propensity for banning US-based social medial apps in its country, one that originates from there could now face the same fate in the US. Chinese foreign ministry spokesperson Wang Benin, decried the bill, without any hint of irony, as putting, “the US on the opposite side of the principle of fair competition and international economic and trade rules”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.