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TikTok suffers again in USA. The government, lawmakers and other authorities plan to ban the app nationwide due to “national security risks” due to its alleged ties to the Chinese government. The said veto will apply not only to the official members of the institutions, but also to all residents.
Thus, tik tak considers a somewhat risky plan, but one that might be effective, to go against this measure: separate from bytedanceits parent company is of Chinese origin.
TikTok going independent?
In accordance with BloombergNewsa divestment that could result in a sale or initial public offering is considered a last resort and will only proceed if the company’s existing offer with US national security officials is not granted.
Last year, the short video app agreed to undergo a national security review by the Committee on Foreign Investment in the United States (CFIUS).
According to a plan known as the Texas Project, tik tak agreed to engage Oracle Corp. to host user data in the US and review its software, and to appoint a government-approved review board of three. This process was demanded by the government of Donald Trump, the main proponent of the veto.
However, CFIUS stalled the verification process, so tik tak remains in limbo to continue work in USA. In addition, the report indicates that the committee members themselves are not ready to accept the proposal of the application.
Discouraging context
US congressmen are debating a bill giving Joe Biden the right to veto decisions.
tik tak has come under increasing criticism in recent weeks over fears that user data could end up in the hands of the Chinese government, undermining Western security interests.
The bill would also require Biden to ban any organization that “may” share sensitive personal data with an organization under the influence of China.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.