Now that the government has passed yet another temporary spending bill to keep the government open, they’re turning their attention to potentially banning the social media platform, TikTok. The House Energy and Commerce Committee voted unanimously last week to pass the bill that would force TikTok’s Chinese owner, ByteDance, to divest itself of the company. Connor Mahoney of Mahoney Asset Management in Chestnut Ridge says if it starts with TikTok, the move to ban could spread to other apps…
Ken Mahoney, also of Mahoney Asset Management, says Facebook could the big winner, or some other entity could buy TikTok from ByteDance…
The bill would give the president power to identify social media apps as national security threats if they are believed to be under the control of foreign adversaries. House Majority Leader Steve Scalise said the “Protecting Americans from Foreign Adversary Controlled Applications Act” could come to the House floor for a vote this week.