TikTok CEO Assures Resolution to US Ban

TikTok CEO Assures Resolution to US Ban

TikTok CEO Assures Resolution to US Ban

Shou Zi Chew, Tiktok CEO has reassured users that the company will fight and overcome the ban imposed by the United States.

Shou Zi Chew, Tiktok CEO has given users of the program the assurance that the firm will battle and prevail against the ban in the United States.

TikTok CEO Assures Users

According to Reuters, the chief executive officer of the social media company claimed that the company is confident in its ability to prevail in a legal battle to overturn a statute that President Joe Biden has signed into law.

The well-known short video app of the corporation, which is used by 170 million people in the United States would be rendered illegal by virtue of the current prohibition.

Tiktok CEO Shou Zi Chew made the announcement in a video immediately after President Joe Biden signed the bill, which gave China-based ByteDance 270 days to sell off its assets in the United States or face a ban or suspension, according to Reuters.

It is safe to say that we are not going anywhere, as Chew clarified. We are confident that we will be victorious once more because the Constitution and the facts are on our side.

US Bans TikTok Over Privacy Concerns

President Joe Biden of the United States of America passed a measure earlier in the day, prompting the TikTok CEO to make the announcement. The bill mandates that the Chinese business ByteDance, which owns TikTok, to sell its ownership in the app within one year of the law’s passage.

The United States government may ban the social media platform if it violates the aforementioned restrictions, as part of a comprehensive legislative package that also provides relief for Israel and Ukraine.

The Senate made the final cut by a vote of 79–18, following the House’s landslide vote over the weekend. Additionally, ByteDance has nine months to find a buyer for TikTok, thanks to an additional provision in the piece of legislation.

The legislation permits a further interval of ninety days following the completion of the transaction. Both Google Play and the App Store will block the TikTok app from use in the United States if this does not occur.

The actions that Huawei has taken are a consequence of the company’s worries over data security and national security, which are connected to the company’s devotion to China.

TikTok’s influence and economic impact in the United States have been the topic of a significant amount of research throughout the years.

TikTok released an economic impact study a few weeks ago, in which it declared that it brought in $14.7 billion for small and medium-sized businesses in the United States.

A significant number of artists and small businesses all around the country have found the website to be an extremely helpful resource for product marketing.

Read Previous

Vitalik Buterin Criticizes “ZK” Misuse in ZKasino Scandal

Read Next

Strike Crypto Payment App Expands to Europe