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Tik Tok Banned!
Today Tik Tok was banned! Well, sort of. The house has passed a bill that has been labeled the Tik Tok ban bill. Assuming it makes it through the Senate, and then gets signed by the President, Tik Tok will be banned, kind of. At that point Tik Tok will have 165 days to divest itself from foreign ownership. Considering the value of the app, I am sure there will be some eager potential buyers. Word has it that there are already some offers out there. We have been told that the app has nothing at all to do with the Chinese government, and so I am sure they have nothing to hide that could be revealed when handed over to a new owner, so I am sure it will go smoothly. Now, if the app really is being used by the Chinese government for some nefarious purpose, it probably will go under rather than be sold. I have never understood Tik Tok myself. I have some experience with its Chinese counterpart Douyin, and have always wondered why we didn't get that version, but either way it will be interesting to see where it all goes over the next several months.
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