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TikTok could soon face a change in ownership or a ban in the US as the House passed a bill barring TikTok from operating if its Chinese owner doesn’t sell within a year. Lawmakers fear the Chinese government could access US user data. Despite TikTok’s efforts to sway opinions against the bill, it is expected to pass in the Senate. The bill gives nine months for a potential sale, with likely bidders being Microsoft or Oracle. If passed, rivals like Meta could benefit as 60% of TikTok users could shift to Instagram and Facebook.
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