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Significance This act would ban TikTok in the United States unless its Chinese owner, ByteDance, sells the video-sharing app within 180 days of the legislation becoming law. TikTok is a long-running target for Republicans because of national security concerns about its Chinese ownership, but the bill poses a dilemma for Democrats. Impacts The largest US tech companies would likely face regulatory scrutiny over a purchase of TikTok. Banning TikTok could allow Meta and Google to consolidate their market shares and exercise greater pricing power over advertising inventory. TikTok rallying its users to lobby their elected representatives will be cited as ‘weaponisation’ capacity, justifying the app’s ban.
A Thu, study studied this question.
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