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President Joe Biden has endorsed a new law that threatens to ban TikTok in the US unless its parent company, ByteDance, sells the app within the next year.

This dramatic step aims to sever the popular social media platform’s ties with its Chinese ownership, setting a stern deadline that could reshape the digital landscape.

In response, ByteDance is gearing up for a legal showdown, branding the legislation unconstitutional. They argue that the ban would not only mute the voices of 170 million American users but also decimate the livelihoods of seven million US businesses that rely on the platform.

Read more...

Wall Street’s Sharpest Drop Since September

Trump’s trade policies and weak economic data trigger sharp US market decline, while European stocks gain momentum. US stock markets experienced their largest correction since...

Mark Carney to Lead Canada Amid Trade Crisis with the US

Mark Carney, the former central banker who steered North America and the UK through financial crises, has triumphed in the race for the Liberal...

Despite the looming uncertainty, daily operations on TikTok remain unchanged, with many users continuing to profit from partnerships and content monetization.

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