Biden Signs Bill Banning TikTok in U.S., CEO Promises to Fight in Court

EAM Jaishankar rejects Joe Biden's 'India is Xenophobic' comment | Know More | Oneindia News

Indian Foreign Minister S. Jaishankar rebuffed U.S. President Joe Biden's assertion that "xenophobia" was hindering India's economic progress. Speaking at a round table discussion hosted by a newspaper on Friday, Jaishankar emphasised that India's economy is robust and dismissed any suggestion of faltering. He highlighted India's long-standing tradition of openness as a society, refuting claims of xenophobia impacting its economic growth. #EAMJaishankar #JoeBiden #XenophobicComment #IndiaRejects #CitizenshipAmendmentAct #CAA #IndianDiplomacy #GlobalRelations #PoliticalResponse #BidenComment #ForeignPolicy #IndiaUSA #DiplomaticRelations #XenophobiaDebate #InternationalAffairs ~PR.152~ED.194~GR.121~HT.96~

US students call Biden remarks 'ironic'

ByteDance Says It Won't Sell TikTok

ByteDance Says , It Won't Sell TikTok. The United States passed a law on April 24 that requires ByteDance to sell TikTok in 2025 or be banned across the nation. The United States passed a law on April 24 that requires ByteDance to sell TikTok in 2025 or be banned across the nation. In response to a news article claiming ByteDance was considering selling TikTok in America without its algorithm. the Chinese company said, "Foreign media reports of ByteDance selling TikTok are not true," BBC reports. . ByteDance doesn't have any plans to sell TikTok, ByteDance, via statement. TikTok has continuously denied claims that its parent company is controlled by the Chinese government. We are confident and we will keep fighting for your rights in the courts, Shou Zi Chew, TikTok CEO, via statement. The facts, and the Constitution, are on our side... rest assured, we aren't going anywhere, Shou Zi Chew, TikTok CEO, via statement. The Chinese government, which has also denied any ties to ByteDance, said that banning TikTok would "inevitably come back to bite the U.S.". BBC reports that 60% of TikTok shares are currently "owned by institutional investors, including major U.S. investment firms.". 20% is owned by ByteDance founder Zhang Yiming, and 20% is owned by global employees. Out of ByteDance's five board members, three are American, BBC reports.

Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok

Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. On March 13, the House of Representatives passed the bill, which would force ByteDance to divest the platform or face a ban on the app in the U.S. I think the legislation should pass and I think it should be sold. It’s a great business and I’m going to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. However, TikTok CEO Shou Zi Chew has said that selling TikTok is not a viable option. . According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. . Mnuchin has yet to specify the potential valuation of a deal to acquire the social media platform or which investors may be interested in the deal. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok