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On April 22nd, 2024, the US House of Representatives fast-tracked legislation that would force ByteDance, the Chinese parent company of TikTok, to divest its ownership stake in the app. This move could have significant implications for TikTok’s future. MikMak CEO Rachel Tipograph discussed the potential impact of the bill on TikTok’s future on “Bloomberg Technology.” The decision comes amid growing concerns about national security and data privacy issues related to Chinese-owned apps operating in the US. The bill reflects the ongoing tensions between the US and China in the tech sector.
Read more on www.bloomberg.com
