TikTok is facing a new U.S. law that threatens to ban the app from operating in the country if it does not sever ties with its Chinese owners. The law, signed by President Joe Biden, gives TikTok nine months to find a non-Chinese buyer to continue operating. If TikTok fails to comply with the law, it will be banned from app stores in the United States.
TikTok has been successful in challenging similar bans in the past and intends to do so again, citing concerns over freedom of expression. However, finding a buyer for TikTok may prove to be a challenging task due to the resources required. Potential buyers include large technology companies like Meta, Google, or Microsoft but they may face regulatory scrutiny for monopoly concerns.
China has expressed support for TikTok in this dispute, fearing that the precedent it may set could lead to other Chinese companies being forced to sell valuable assets. The potential ban on TikTok could benefit Meta and Google who have launched their own similar platforms. As TikTok navigates through this legal battle, its future remains uncertain as it tries to find a solution that satisfies both American regulations and Chinese ownership.