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TIK Tak announced this Wednesday that it will pass a law approved Congress fromUSA it makes ByteDance, Chinese technology conglomerate to sell operations social network in a North
TIK Tak announced this Wednesday that it will pass a law approved Congress fromUSA it makes ByteDance, Chinese technology conglomerate to sell operations social network in a North American country or face a work ban.
“This unconstitutional law means TikTok is banned, and we will challenge it in court. “We believe that the facts and the law are clearly on our side and that we will ultimately prevail,” TikTok said in a statement.
Adding to this was the CEO of TikTok, Tzu Chu Showwho said the company hopes to win a lawsuit to block the law.
“Rest assured, we are not going anywhere,” Shaw Tzu Chu said in a video released after Biden signed legislation granting ByteDance, based China, 270 days to sell TikTok assets in the US or face a ban.
The company argued that it has “invested billions of dollars to ensure the data security” of Americans and that the social network is “free from outside influence and manipulation.”
TikTok also warned that a possible ban would “devastate” 7 million businesses in the US and “silence” the 170 million Americans who use the social network.
“As we challenge this unconstitutional ban, we will continue to invest and innovate to ensure TikTok remains a space where Americans from all walks of life can safely share their experiences, find joy, and be inspired,” he said.
The law, approved Tuesday evening by Congress and announced this Wednesday by US President Joe Biden, gives ByteDance 270 days find an investor from a country that is not a “foreign adversary” to sell the company.
The document sets a sale deadline of Jan. 19 — the day before Biden’s term expires — but the deadline could be extended by three months if ByteDance is determined to be making progress.
During the mandate Donald Trump (2017-2021), White House attempted to force the sale of TikTok’s US assets to an investor by executive order, but the courts stopped the operation based on defense arguments National security.
While, Microsoft expressed interest and this year he was the former secretary Trump Administration Treasury Steve Mnuchin who said he has a group of investors ready to make an offer for the social network.
The text of the law gives the president the right to extend this period for another 90 days, so according to the law, TikTok would have to change hands within a maximum of a year.
Congressmen of both parties and Biden administration officials have argued that China could obtain information about U.S. users from ByteDance and use its influence on public opinion by manipulating what is visible on the app.
For now, TikTok and ByteDance have said they have no plans to sell the company and said in a recent statement that “the platform contributes $24 billion annually to the US economy” and has 60% of its shares owned by global institutional investors.
The four-year battle for TikTok is an important front in the war for Internet And technologies between Washington And Beijing. Just last week Manzana He said China told him to leave. WhatsApp and themes -property Meta platforms– from him App Store in an Asian country for reasons of national security.
TikTok is going to challenge the bill on the grounds First Amendment Its users are also expected to sue again. In November the judge Mountain blocked a government ban on TikTok on free speech grounds.
(According to Reuters and EFE)
Source: Aristegui Noticias
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