Financial disclosures show that members of Congress who voted for the so-called “TikTok ban” last week may own between $29 million and $126 million worth of stock in competing tech companies, according to data from Quiver Quantitative, a company that tracks congressional investments.
“Constituents are left to wonder if their elected representatives are voting in the best interests of their constituents or in the best interests of their financial bottom line.” Since 2020, politicians on both sides of the aisle have banged the drum against TikTok, accusing the company of siphoning user data to the Chinese Communist Party. The government has also accused TikTok of manipulating its algorithm in order to advance China’s geopolitical agenda.
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