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AppsCreatorsTechTikTok

Countdown begins for TikTok’s future after Biden signs divestment law

The new law sets a 9-month deadline for ByteDance to negotiate a deal to sell TikTok, with Biden having option to extend 3 more months if progress is made.

By
Shubham Sawarkar
Shubham Sawarkar's avatar
ByShubham Sawarkar
Editor-in-Chief
I’m a tech enthusiast who loves exploring gadgets, trends, and innovations. With certifications in CISCO Routing & Switching and Windows Server Administration, I bring a sharp...
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Apr 25, 2024, 6:42 AM EDT
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United States President Joe Biden makes remarks after signing the $95 billion National Security Package that includes military aid to Ukraine and Israel and provides funding for humanitarian aid to Gaza in the State Dining Room of the White House in Washington, DC on Wednesday, April 24, 2024. The bill contains provisions that would ban TikTok in the US if its owner, the Chinese tech firm ByteDance, fails to divest and also to provide assistance to American Indo-Pacific partners.
Photo: Alamy
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President Joe Biden has taken a significant step by signing a foreign aid package that includes a bill targeting TikTok, the popular social media platform owned by China-based company ByteDance. This bill, known as the divest-or-ban legislation, has now become law, setting a deadline for ByteDance to divest its ownership of TikTok within a year.

Initially facing potential delays in the Senate after passing in the House as a standalone bill, the TikTok legislation gained momentum through strategic political moves. By combining the bill with foreign aid provisions for US allies, the House effectively compelled the Senate to address both issues together. The extended divestment timeline of nine months, with a possible three-month extension at the president’s discretion, garnered support from previously undecided lawmakers.

In response to the new law, TikTok spokesperson Alex Haurek announced the company’s intention to challenge it in court. Legal proceedings could potentially prolong the divestment process if enforcement is delayed pending a resolution. Additionally, uncertainties loom over China’s reaction and whether ByteDance will be allowed to sell TikTok, including its valuable algorithm that drives user engagement.

Despite the looming divestment deadline, TikTok remains committed to providing a safe and engaging platform for its diverse user base. CEO Shou Chew emphasized the significance of TikTok as a space for expression and connection, pushing back against claims that seek to sever its ties to Chinese ownership. The company vows to continue investing in innovation to uphold TikTok as a place where individuals can share, connect, and be inspired.

The signing of the TikTok ‘ban’ bill into law marks a pivotal moment in the platform’s future, prompting ByteDance to navigate a complex divestment process while striving to maintain TikTok’s appeal and functionality for its global community.


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