Monday, July 28, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
News Wave
No Result
View All Result
Home Business

Biden Signs Bill To Ban TikTok

24 April 2024
in Business
0
Biden Signs Bill To Ban TikTok
Share on FacebookShare on Twitter
How does this make you feel?



by Jeroslyn JoVonn

April 24, 2024

TikTok responds to Biden’s “unconstitutional” new law that forces them to sell or face a national ban.

TikTok is calling out President Joe Biden’s “unconstitutional” new bill that forces the social media app to part ways from its Chinese parent company ByteDance.

On Wednesday, April 24, Biden signed a few controversial laws into measure including sending billions in aid to Ukraine, Israel, and Taiwan, as well as urging Chinese TikTok parent company ByteDance to sell the social media platform or face a national ban in the United States, CNBC reports.

“The path to my desk was a difficult path. It should have been easier and it should’ve gotten there sooner,” Biden said. “But in the end we did what America always does, we rose to the moment.”

The bill gives ByteDance nine months, or a year, to sell TikTok if Biden invokes a 90-day extension, or face the national ban. The popular social media app released a statement in response to the law accusing it of being unconstitutional.

“This unconstitutional law is a TikTok ban, and we will challenge it in court. We believe the facts and the law are clearly on our side, and we will ultimately prevail,” the company wrote.

“The fact is, we have invested billions of dollars to keep U.S. data safe and our platform free from outside influence and manipulation. This ban would devastate seven million businesses and silence 170 million Americans. As we continue to challenge this unconstitutional ban, we will continue investing and innovating to ensure TikTok remains a space where Americans of all walks of life can safely come to share their experiences, find joy, and be inspired.”

Our Statement on Enactment of the TikTok Ban:

This unconstitutional law is a TikTok ban, and we will challenge it in court. We believe the facts and the law are clearly on our side, and we will ultimately prevail. The fact is, we have invested billions of dollars to keep U.S.…

— TikTok Policy (@TikTokPolicy) April 24, 2024

TikTok CEO Shou Zi Chew followed up with a video message vowing to fight the “disappointing moment.”

“Make no mistake. This is a ban. A ban on TikTok and a ban on you and your voice,” Chew said. “Politicians may say otherwise but don’t get confused. Many who sponsored the bill, admit a Tiktok ban is their ultimate goal.”

Pointing out the irony of the new bill, Chew called out the hypocrisy of US government working to ban an app that represents the “same American values that make the United States a beacon of freedom.”

In addition to the possible TikTok ban, the new bill gives $60 billion in aid for Ukraine, $26 billion for Israel, and $8 billion for security in Taiwan and the Indo-Pacific. The Biden Administration also notes plans to use TikTok to reach voters amid his 2024 re-election campaign.

RELATED CONTENT: US Judge Blocks Montana From Banning Tik Tok Use In State



Source link

🪄 Creating a simple explanation...

Tags: BanBidenBillsignsTikTok
Previous Post

Mild tremor felt in Bastar district of Chhattisgarh

Next Post

King Sejong Institute Centre headquarters launches pilot courses in Sharjah – Arts & culture

Related Posts

Celestica Revenue Jumps 21 Percent in Q2
Business

Celestica Revenue Jumps 21 Percent in Q2

by My News Wave
28 July 2025
0

Celestica (NYSE:CLS), a leader in electronics manufacturing services, reported Q2 2025 earnings on July 28, with GAAP revenue of $2.89 billion and adjusted EPS of $1.39, surpassing analyst expectations and reflecting year-over-year growth of 21% and 54%, respectively. The company raised its full-year outlook, driven by strong performance in its Connectivity & Cloud Solutions and Advanced Technology Solutions segments, though customer concentration poses a risk for future volatility. Want More Context? 🔎

Read more
Why Tesla Stock Jumped Today
Business

Why Tesla Stock Jumped Today

by My News Wave
28 July 2025
0

Tesla's shares rose by 3% on Monday, peaking at 4.6% earlier in the day, while the S&P 500 remained flat and the Nasdaq Composite increased by 0.3%. The boost in stock value follows Tesla's $16.5 billion agreement with Samsung for the production of next-generation AI6 chips at Samsung's new Texas factory. Want More Context? 🔎

Read more
Core Labs Posts Flat Revenue in Q2
Business

Core Labs Posts Flat Revenue in Q2

by My News Wave
28 July 2025
0

Core Laboratories (NYSE:CLB), a provider of reservoir optimization and production enhancement services, reported Q2 2025 earnings on July 23, revealing GAAP revenue of $130.2 million, surpassing expectations of $129.1 million, while adjusted EPS of $0.19 met consensus. Although there were operational improvements in international markets, revenue remained largely unchanged year-over-year. Want More Context? 🔎

Read more
2 Brilliant LNG Stocks to Buy Now and Hold for the Long Term
Business

2 Brilliant LNG Stocks to Buy Now and Hold for the Long Term

by My News Wave
28 July 2025
0

Global demand for liquefied natural gas (LNG) is projected to increase by 60% by 2040, driven by economic growth in Asia and advancements in AI. Companies like Kinder Morgan (NYSE: KMI) and ConocoPhillips (NYSE: COP) are well-positioned to benefit from this surge, making them strong investment options for the long term. Want More Context? 🔎

Read more
Amazon Is Quietly Building a Massive Advertising Business
Business

Amazon Is Quietly Building a Massive Advertising Business

by My News Wave
28 July 2025
0

Amazon's advertising business, Amazon Ads, is emerging as a high-margin, fast-growing segment that enhances the company's overall value. By integrating ads into Prime Video, Amazon is not only diversifying its revenue streams but also leveraging its strategic position to reshape its long-term prospects significantly. Want More Context? 🔎

Read more
3 Things to Know About Chipotle Stock Before You Buy
Business

3 Things to Know About Chipotle Stock Before You Buy

by My News Wave
28 July 2025
0

Chipotle Mexican Grill (NYSE: CMG) has experienced remarkable growth as a leader in the fast-casual restaurant sector, with its stock price more than doubling over the past five years, despite facing macroeconomic challenges. Currently, shares are trading 34% below their peak from June 2024, prompting potential investors to consider three critical factors before making a purchase decision. Want More Context? 🔎

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Muchea Livestock Centre awarded and recognised as national leading industry advocate
  • Mass shooting at Turks and Caicos nightclub leaves 3 dead, 10 wounded
  • Arike Ogunbowale just beat out every Dallas Wings player ever with one historic half
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In