The Senate has passed legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video
Google and Facebook certainly stand to benefit here since TikTok is a direct competitor. That doesn’t mean we shouldn’t ban TikTok (I’d like to see some evidence from the FBI though), but it means we should scrutinize the bill to see if there are undesirable parts to it.
Likewise, I think this bill could be used against companies with Chinese investment, like anything Tencent investment (e.g. Fortnite, League of Legends, etc). That’s obviously not the target, but I think it could be used to get those banned from the US.
So I’m worried about this bill. Maybe I’m misreading it (I hope so), and it doesn’t seem as bad as some people claim, but I do think it’s problematic.
Likewise, I think this bill could be used against companies with Chinese investment, like anything Tencent investment (e.g. Fortnite, League of Legends, etc).
IANAL but I believe that would not be covered under this bill. Those games are run by American companies with foreign investment.
Maybe when it gets to the point where the foreign power is the majority shareholder. However, I think in a publicly traded company they’d just be forced to divest and that would likely take a different law.
But is it worth the potential for abuse?
Google and Facebook certainly stand to benefit here since TikTok is a direct competitor. That doesn’t mean we shouldn’t ban TikTok (I’d like to see some evidence from the FBI though), but it means we should scrutinize the bill to see if there are undesirable parts to it.
Likewise, I think this bill could be used against companies with Chinese investment, like anything Tencent investment (e.g. Fortnite, League of Legends, etc). That’s obviously not the target, but I think it could be used to get those banned from the US.
So I’m worried about this bill. Maybe I’m misreading it (I hope so), and it doesn’t seem as bad as some people claim, but I do think it’s problematic.
IANAL but I believe that would not be covered under this bill. Those games are run by American companies with foreign investment.
Maybe when it gets to the point where the foreign power is the majority shareholder. However, I think in a publicly traded company they’d just be forced to divest and that would likely take a different law.