TikTok divestment law upheld by federal appeals court
belter Friday, December 06, 2024The linked article is about a federal appeals court upholding a law that requires TikTok's Chinese owner, ByteDance, to divest its U.S. operations. The law was passed in 2020 over national security concerns about the app's data collection practices. The ruling marks a significant win for the Biden administration, which has taken a tougher stance on TikTok's ties to China compared to the previous administration. The decision could pave the way for a sale of TikTok's U.S. business to a domestic company, a move that has been a long-running political debate.
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cnbc.com