to non-Chinese owners in six months, with the option to extend the timeframe with another three months if sale negotiations are ongoing.If the Senate’s vote on the bill scheduled for this week ends up with the same result, then TikTok might be forfeit in the US if ByteDance doesn’t comply and sell it, especially since President Joe Biden has already confirmed it will sign the legislation.
In response to the Saturday voting, a TikTok spokesman said that if the Senate votes for the ban, it “ would trample the free speech rights of 170 million Americans, devastate seven million businesses, and shutter a platform that contributes $24 billion to the US economy annually,” and that about 60 percent of the company is owned by a range of global investment firms., it’s the controlling stake in the company. As mentioned earlier, 60 percent of ByteDance is owned by various global investment firms, while 20 percent is owned by employees.
When he's not writing or appearing as a guest on TV and radio shows, Cosmin enjoys playing RPGs, watching Netflix, and nurturing his passion for history and travel.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.