Friday, June 6, 2025

TikTok in Hot Water: Forced Sale Looms in U.S.

TikTok has expressed opposition to a forced divestiture bill passed in the U.S. House of Representatives, claiming it tramples on freedom of expression.

In a release on the 21st (local time), TikTok stated, “It’s regrettable that the U.S. House of Representatives has once again forced a bill that tramples on the freedom of expression of 170 million Americans under the pretext of key foreign and humanitarian aid.”

Earlier on the 20th, the House passed the Peace Through Strength Act in the 21st Century bill, which includes the forced divestiture of TikTok in the country, with 360 votes in favor and 58 against.

If this bill is passed in the Senate, ByteDance will have to sell TikTok within 270 days in the U.S.

The service will be banned even if it does not sell within the specified period. However, the U.S. President can once extend the divestiture deadline by 90 days.

About this, Washington political circles view ByteDance, a private company, as a corporation under the control of the Chinese government. Washington judges that the personal information of TikTok users in the U.S. could be leaked to China, potentially influencing elections.

Last month, the House processed the so-called TikTok Ban Act, which specified a six-month divestiture deadline. However, this bill was not discussed in the Senate.

Meanwhile, the bill that passed the House the day before is expected to be put to a vote in the Senate this week. U.S. media outlets are predicting its passage as highly likely.

Hot this week

Samsung’s Z Fold 7 Teaser Drops—And It’s Ultra in Every Way

Samsung teases the Galaxy Z Fold 7, showcasing its ultra-thin design and AI features, set for reveal at next month's Unpacked event.

Nvidia Takes the Crown: Stock Market Soars as Tech Giants Rally

Nvidia becomes the world's most valuable company as tech stocks surge, driven by optimism over semiconductor exports to China.

OPEC+ Gains Nearly Erased by Canada’s Oil Crisis

Canadian wildfires cut crude oil production, raising prices amid OPEC+ increases and stalled U.S.-Iran nuclear talks.

Google Rejects DOJ Demand to Share Search Data, Plans Appeal

Google plans to appeal a court ruling on its online search market dominance, claiming the decision is incorrect amid ongoing antitrust scrutiny.

Over 25,000 Evacuated as Wildfires Devastate Central-Western Canada

Wildfires in central-western Canada lead to evacuations for over 25,000 residents due to poor air quality and health risks.

Topics

Samsung’s Z Fold 7 Teaser Drops—And It’s Ultra in Every Way

Samsung teases the Galaxy Z Fold 7, showcasing its ultra-thin design and AI features, set for reveal at next month's Unpacked event.

Nvidia Takes the Crown: Stock Market Soars as Tech Giants Rally

Nvidia becomes the world's most valuable company as tech stocks surge, driven by optimism over semiconductor exports to China.

OPEC+ Gains Nearly Erased by Canada’s Oil Crisis

Canadian wildfires cut crude oil production, raising prices amid OPEC+ increases and stalled U.S.-Iran nuclear talks.

Google Rejects DOJ Demand to Share Search Data, Plans Appeal

Google plans to appeal a court ruling on its online search market dominance, claiming the decision is incorrect amid ongoing antitrust scrutiny.

Over 25,000 Evacuated as Wildfires Devastate Central-Western Canada

Wildfires in central-western Canada lead to evacuations for over 25,000 residents due to poor air quality and health risks.

ALUX Gains as U.S. Weighs National Security Curbs on DJI, Autel Robotics

ALUX shares rise amid reports of Trump's executive order regulating Chinese drones, boosting investor interest in the company's growth potential.

Nvidia’s $7B Blow from China Sanctions Doesn’t Stop Global Chip Rally

Nvidia's strong earnings boosted semiconductor stocks globally despite export restrictions to China, highlighting its market influence.

Nvidia’s Surprise Earnings Spark a Stock Market Rally

New York stocks rose after Nvidia's strong earnings, boosting the AI sector, despite ongoing tariff uncertainties affecting the market.

Related Articles