Biden signs TikTok 'ban' bill into law, starting clock for ByteDance to divest

Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by jquery on Wednesday April 24, 2024 @05:16PM (#40149773)

1 million MAU is nothing. Throw up AdSense on something that gets 1m MAU and that pays for a single developer. Also, I don't like the President getting this kind of power over businesses. It's bad enough when they can make angry Twitter threats... now they can give them a corporate death penalty.

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Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by pakyr on Wednesday April 24, 2024 @05:20PM (#40149830)

Sure, that's a valid concern to have, and I'm not saying the bill is a great idea. I'm just pointing out that there's nothing automatic about the process and the clock to divestment wouldn't immediately start ticking the moment a company crosses 20% Chinese ownership. The person I was responding to said the bill could get weaponized by the CCP to ban things via the threat of them acquiring more than 20% ownership, but that's not how the bill works.

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Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by xvector on Thursday April 25, 2024 @04:37AM (#40154982)

The fact that it's not automatic is even worse. It means that the president can just target whoever they don't like.

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