Some local TikTok creators share their concerns after President Joe Biden signs a bill that would ban the app in the U.S. if its parent company doesn't sell it. Isabella Martin reports.
BookTok has become the most influential platform in the literary space, but it might not be around for long.
On April 24, U.S. President Joe Biden signed a bill that would ban TikTok if its owner ByteDance doesn't sell the app. TikTok will challenge this decision in courts with a long legal battle ahead of us. This is perhaps the most well-known TikTok ban as India is one of the biggest consumer markets in the world.
President Joe Biden signed the bill this week that could ban TikTok from the U.S. if its parent company ByteDance doesn’t sell the platform. According to young political content creators, the ban could decimate Gen Z’s access to political news and information. “An unfortunately large amount of 18- to 24-year-olds find out information about local elections from TikTok, so my heart is breaking,” Emma Mont, a political content creator, told TechCrunch.
President Joe Biden signed a bill on Wednesday that could ban TikTok — for real this time. “I think two years ago, this would have been devastating,” Karat Financial co-founder and co-CEO Eric Wei told TechCrunch.
TikTok may be routing around the App Store to save money on commissions. According to new findings, the ByteDance-owned social video app is presenting some of its users with a link to a website for purchasing the coins used for tipping digital creators. Typically, these coins are bought via in-app purchase, which requires a 30% commission paid to Apple.
The company made the announcement on Thursday.
President Biden has signed a bill that would ban TikTok if its Chinese parent company, ByteDance, fails to sell it within a year. The bill, which includes aid for Ukraine and Israel, was passed by the U.S. Senate in a 79-18 vote late Tuesday after the House passed it with overwhelming majority over the weekend. The bill gives ByteDance nine months to divest TikTok, with a 90-day extension available to complete a deal.
As a TikTok ban gets closer to becoming a reality in the United States, it might be time to start thinking about other platforms to adopt early in case you need to fill the void left by the popular app, especially as recent reports have suggested that ByteDance would prefer to shut down TikTok rather than sell it. On April 24, President Biden signed a bill that would ban TikTok if its Chinese parent company, ByteDance, fails to sell the app within a year, bringing the possibility of a TikTok ban closer than ever before. If the company is unable to fight the legislation and its legal efforts fail, reports indicate that a sale of TikTok with its algoritms would be highly unlikely because the app's algorithms are core to ByteDance’s overall operations.
A bill that could ban TikTok is now all but certain to become law. The Senate approved a measure that requires ByteDance to sell TikTok or face a ban.
As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. The company is touting the success of its short-from video feed a day after President Biden signed a bill that would ban TikTok if its Chinese parent company, ByteDance, fails to sell it within a year. Snap says overall time spent watching content globally grew year-over-year, driven primarily by increases in total time spent watching Spotlight and creator Stories.
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Biden passed the TikTok divestment bill -- now what?
The U.S. House of Representatives passed a bill this afternoon that would require TikTok owner ByteDance to sell the popular social media app or see it banned in the United States. Efforts to ban TikTok go back to the Trump administration, but the issue has been revived in recent months. The House already passed a similar bill in March — a bill that the Senate showed little interest in taking up.
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