TikTok is being investigated by the Committee on Foreign Investment in the United States. The committee has been known to block deals because of national security concerns. TikTok's leadership is already discussing the option of a separation from their Chinese parent company. Facebook, Instagram and Metas platforms are all looking at ways to buy it.
There’s at least one thing Democrats and Republicans in Washington have in common: suspicions about TikTok’s ties to China. The Biden administration and members of congress from both parties are urging the social media platform’s Beijing-based parent company, ByteDance Ltd., to sell its stake in TikTok or risk being banned in the US.
Sound familiar? That’s because two and a half years ago, former President Trump sent a very similar warning that ultimately went nowhere.
Bloomberg reporters Alex Barinka and Anna Edgerton join this episode to talk about this latest chapter in the standoff between the US government and TikTok. Plus, what a congressional hearing with TikTok’s CEO revealed about national security concerns surrounding the app.
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