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CD271: RESTRICTing TikTok

Congressional Dish

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The Ownership Structure of Bite Dance and TikTok

Marco Rubio was one of the first investors in bite dance, and he's now CEO of TikTok. With that pedigree, we can assume that he knows some things about the company. Here is his testimony about the ownership structure of these two companies. He says Bite Dance is not owned or controlled by the Chinese government. 60% of the company is owned by global institutional investors; 20% is owned by the founder.

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