Business
TikTok CEO warns users about ban ahead of US Congress hearing
San Francisco, March 22
Shou Zi Chew, the CEO of Chinese short-form video platform, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23.
In a minute-long video on TikTok, Chew thanked the TikTok community of 150 million Americans ahead of his congressional hearing.
"That's almost half of the US coming to TikTok, including 5 million US businesses. The majority of these are small and medium businesses," he mentioned.
TikTok has about 7,000 employees in the US, reports The Verge.
"Some politicians have started talking about banning TikTok," Chew said. "Now this could take TikTok away from all 150 million of you."
The Joe Biden administration has reportedly demanded that China-based ByteDance, the owner of TikTok, must sell its stake in the short-video making app or face a possible ban.
According to The Wall Street Journal, the White House's threat is an escalation from the limited bans and pending legislation that have been growing up for some time.
The Committee on Foreign Investment in the US made the sale demand, according to the report.
TikTok had said in a statement that a "forced sale wouldn't address the perceived security risk".
"If protecting national security is the objective, divestment doesn't solve the problem: a change in ownership would not impose any new restrictions on data flows or access," a TikTok spokesperson was quoted as saying.
A group of 12 US Senators has unveiled a new bill that now has a White House backing and will give President Biden power to ban TikTok nationwide.
58 seconds ago
Trump sends envoy to Moscow in hope of finalizing Ukraine peace plan
2 minutes ago
Trump says ‘fine-tuned’ peace plan has few disagreements, envoys will meet Putin, Zelensky
3 minutes ago
Brazil’s Supreme Court orders former president to begin 27-year jail term
4 minutes ago
Trump administration targets six lawmakers over ‘illegal orders’ video
5 minutes ago
Retail sales up 6.7 pc in Oct in S. Korea on longer-than-usual Chuseok holiday: Data
6 minutes ago
Modernisation of systems, simplification of processes key to become Viksit Bharat: Sitharaman
7 minutes ago
MCX share price jumps to lifetime high of Rs 10,139.50, extends 3-day rally
8 minutes ago
VMMC and Safdarjung Hospital successfully conducts 1st paediatric renal transplant
9 minutes ago
DGCA orders mandatory fatigue-management training for airline crew
10 minutes ago
UNAIDS warns of major setbacks in global HIV response, calls for renewed solidarity
11 minutes ago
Govt launches SIDDHI 2.0 to boost research-driven innovation in Ayurveda pharma sector
12 minutes ago
India well-positioned to become innovation-led pharma giant in next 5 years: CDSCO
15 minutes ago
Champions League: Chelsea beat Barcelona, Man City lose to Leverkusen, Dortmund win
