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The popular social media service TikTok may soon face new ownership or an outright ban in the U.S. The House passed a bill to bar TikTok if the Chinese owner does not sell within a year, with the Senate expected to pass it as part of a foreign aid package. TikTok has urged users to contact lawmakers, but the bill may proceed. If passed, the owner would have nine months to sell TikTok, with potential buyers including Microsoft or Oracle. Rivals like Meta could benefit if TikTok shuts down, with 60% of users potentially moving to platforms like Instagram or Facebook.
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