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 rhaps0dy on Wednesday April 24, 2024 @05:37PM (#40150008)

Is this going to impact Riot Games' games (League of Legends, Valorant), the wildly popular American video game company which is owned by Tencent?

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Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by nickthegreek on Wednesday April 24, 2024 @06:38PM (#40150718)

Tencent also owns 40% of Epic Games, which wants its own AppStores on the mobile OSes.

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Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by jtriangle on Wednesday April 24, 2024 @05:48PM (#40150136)

If the current president decides that they're a threat to national security, then yes.

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Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by ajross on Wednesday April 24, 2024 @10:28PM (#40152651)

As people are pointing out, no. This isn't a blanket law, it requires per-case executive action to enforce.

What the law absolutely does do is make "Chinese Ownership" an existential risk to companies with software products with large numbers of US users. Riot, Epic et. al. will be strongly incentivised to get their PRC shareholders to divest, and in the future other companies will be disincentivized from accepting that kind of investment.

And surely that's intentional.

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Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by xvector on Thursday April 25, 2024 @04:36AM (#40154975)

> it requires per-case executive action

Abuse of power in a nutshell.

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