TikTok: Biden gives company 9-12 months to sell US assets

TikTok: Biden gives company 9-12 months to sell US assets
TikTok: Biden gives company 9-12 months to sell US assets
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Joe Biden has signed a bill that bans the TikTok app in the US if the company that owns it, China’s ByteDance, does not sell its US assets to the country within the next 9 to 12 months.

Within this time the company will have to decide what to do, otherwise it will be banned in the US.

This platform is very popular among young left-leaning Americans, a population group considered “key” to Biden’s re-election in November’s presidential election.

TikTok Chairman and CEO Xu Zhicheu, shortly after Biden signed the law, said the company is “not going anywhere” as it believes it will be vindicated in court and block implementation of the law.

TikTok Strikes Back – Invokes the First Amendment and Prepares for Battle

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“Rest assured, we’re not going anywhere,” he said in the video he posted. “Facts and the Constitution are on our side and we expect them to prevail again,” he added.

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The article is in Greek

Tags: TikTok Biden company months sell assets

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