Chuck Schumer, Majority Leader of the US Senate (File photo)
US President Joe Biden said that if passed in the Senate, he would sign into law the bill, known officially as the Protecting Americans from Foreign Adversary Controlled Applications Act. by foreign adversaries).
The proposed law would require ByteDance, TikTok's parent company, to sell the app within 180 days, otherwise it would be excluded from Apple and Google app stores in the United States.
No potential buyer has yet officially come forward. The Wall Street Journal reports that the former boss of video game publisher Activision Blizzard, Bobby Kotick, has expressed interest in the co-founder of ByteDance, Zhang Yiming.
The value of TikTok is difficult to estimate, especially in the case of a forced sale. In 2020, ByteDance had set its price at 60 billion US dollars when the government of Donald Trump wanted to force it to separate, according to the Bloomberg agency.
Several states and the federal government have banned use of the app on government officials' official devices, citing national security risks.
TikTok CEO Shou Zi Chew is in Washington, where he is trying to drum up support to block the bill.
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Shou Zi Chew (center) has been the CEO of TikTok since May 2021.
Former US President Donald Trump (2017-2021) made a change of heart by saying on Monday that he was opposed to a ban, mainly because it would strengthen Meta, the owner of Instagram and Facebook, which he called an enemy of the people.
In 2020, the real estate developer, then President of the United States, attempted to wrest control of TikTok from ByteDance before being prevented from doing so by the American courts.
Mr. Trump has refuted accusations that he changed his tune because a major investor in TikTok, Jeff Yass, threatened to stop helping fund Republican election campaigns.
Other attempts to ban TikTok have also failed, with a bill proposed a year ago failing to succeed, mainly due to concerns over free speech.
As for the current proposal, it is too general a text, which will not stand up to the examination of the first amendment to the American Constitution which guarantees freedom of expression, reacted the elected Democrat in the House Ro Khanna.
A law adopted in May by the state of Montana to ban the platform was suspended by a federal court in November on the grounds that it violated constitutional rights to free speech.
The other problem is that a lot of people make a living with this platform in the United States, Ro Khanna added to journalists.