The U.S. House of Representatives has passed legislation that could lead to a ban on TikTok unless its China-based owner, ByteDance, sells its stake in the app. This move has sparked an extensive lobbying campaign by TikTok, which includes encouraging users to contact their government representatives and has extended to television screens. The debate over TikTok's future in the U.S. is intensifying as Senate leaders consider how to address concerns over the app, with ByteDance expected to reprise First Amendment arguments that have been successful in Montana. Meanwhile, ByteDance has stated it has no plans to sell TikTok and doubts it could meet the expected 180-day deadline for a sale to a non-Chinese owner. Major U.S. investors in ByteDance, such as General Atlantic and Sequoia, are facing scrutiny over their investments in Chinese companies amid these developments. Additionally, billionaire GOP donor Jeff Yass, a significant investor in ByteDance, is also involved in other notable investments, including a merger with Donald Trump's social media business. North Carolina Sen. Thom Tillis’s office has received around 1,000 calls about TikTok since the House passed the legislation.
As members of Congress consider a crackdown on TikTok, many have faced lobbying from their most vocal constituents: their children. “My kids are really tough bargainers, they’re not quick to accept my arguments.” @natalieandrews https://t.co/6qlUSydPtd https://t.co/6qlUSydPtd
US investors, like General Atlantic and Sequoia, are facing increased pressure from state and federal lawmakers about their investments in Chinese companies (@laurenshirsch / New York Times) https://t.co/CHTL2huovv 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/2tJGsCCVQ7
Who Is Jeff Yass, The Trump Money Man Reshaping American Social Media? https://t.co/vQrB9imewa https://t.co/hQDCWelNfb
Major U.S. investors who have poured billions into ByteDance, the parent company of TikTok, are facing increased pressure from state and federal lawmakers to answer for their investments in Chinese companies. https://t.co/ZTHczHKvtZ
Major U.S. investment firms own stakes in ByteDance, the parent of TikTok. Their investments are increasingly under fire. https://t.co/jfyy7AV5OZ
🕰️ TikTok faces a looming deadline in the US as lawmakers push for a sale of its assets due to concerns over Chinese influence. But what could this mean for ByteDance and its IPO dreams? Let's break it down. https://t.co/Oa46NRPmZA
Is Jeff Yass making a bid to save TikTok by buying Donald Trump? Something to monitor for sure. Americans selling out Americans makes me sick. https://t.co/w4OWNi6aeT
Who is Jeff Yass, Pennsylvania’s Republican mega-donor and TikTok investor? We provide details here ⬇️ https://t.co/EOcgTZ9K53
TikTok’s owner, ByteDance, has no plans to sell the short-video platform despite the threat of a US ban, and even if it did, the company says there is not enough time to meet an expected 180-day deadline for sale to a non-Chinese owner. https://t.co/b9GjO6ATe2
TikTok has a strong case to challenge the buy-or-sell bill now before the Senate, lawyers say, particularly if its users mount a First Amendment case. https://t.co/qNMbg6w5XG By @erinkwoo & @JuroOsawa
North Carolina Sen. Thom Tillis’s office says it has received around 1,000 calls about TikTok since the House passed legislation this month that would ban the popular app if its China-based owner doesn’t sell its stake. https://t.co/rdKyynTK9Y
Jeff Yass, billionaire invested in TikTok and Israel's judicial coup, is the top spender in the 2024 elections https://t.co/eufJwUiTg4
TikTok users have been encouraged to call their government representatives to urge them to stop the bill, and the company is even giving them the phone number to call. https://t.co/2FpTlurFO2
OPINION: The twists and turns of TikTok's American saga reflect Washington's dilemma as it grapples with the erosion of its previously overweening global influence and surveillance capabilities, writes Nina Xiang. https://t.co/RkAYGDaHVQ
If Congress forces ByteDance to sell TikTok or face a US ban, the social media company is expected to reprise First Amendment arguments that have been successful in Montana. https://t.co/6cNY2rDKzH
Big Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner - The New York Times The billionaire Wall Street financier is also a major investor in ByteDance, the Chinese parent company of TikTok https://t.co/184g3MwRIQ
Jeff Yass, the billionaire Wall Street financier and major investor in TikTok's parent company, was the biggest institutional shareholder of the shell company that recently merged with Trump’s social media company. https://t.co/yQd5FXE29J
Big Republican donor Jeff Yass owned shares in Trump media merger partner https://t.co/lx93oNHoL3
A billionaire GOP megadonor who is a significant investor in TikTok’s parent company was also the biggest institutional shareholder of the shell company that merged with Donald Trump’s social media business. https://t.co/24WMuzOCK1
The fight over banning TikTok has moved to television screens nationwide as Senate leaders still weigh how to address the social media app. @JakeSherman & @AndrewDesiderio with more: https://t.co/XeO2csVZre
TikTok’s extensive lobbying campaign is the latest tech industry push since the House passed legislation that would ban the popular app if its China-based owner doesn’t sell its stake. https://t.co/hZ0oftNfVA
TikTok’s U.S. Rupture - How the Chinese owned app overtook its rivals and the senators who will now decide its future in the U.S. by @aaronMCN @thewirechina https://t.co/vbqPz1t87D
TikTok’s extensive lobbying campaign is the latest tech industry push since the House passed legislation that would ban the popular app if its China-based owner doesn’t sell its stake. Here's the latest. https://t.co/V9AXLZASNJ