TikTok faces the US ban if the Chinese owner does not sell its shares

TikTok faces the US ban if the Chinese owner does not sell its shares

The Wall Street Journal reported today, Thursday, that the administration of current US President (Joe Biden) has asked the Chinese owners of the short video service company (TikTok) to withdraw their stake or face a possible US ban.

TikTok faces the US ban if the Chinese owner does not sell its shares The Wall Street Journal reported today, Thursday, that the administration of current US President (Joe Biden) has asked the Chinese owners of the short video service company (TikTok) to withdraw their stake or face a possible US ban.  This will be the most dramatic step in a series of recent steps taken by US officials and lawmakers who have raised concerns that US TikTok user data could be transferred to the Chinese government, noting that TikTok has more than 100 million users in the United States, so any ban An American would hurt her a lot.  "If protecting national security is the goal, divestment will not solve the problem. A change in ownership will not impose any new restrictions on data flow or access," TikTok spokesman Brock Oberuter said in a statement to Reuters news agency.  It is scheduled to appear CEO of the company (Zee Shaw) before the US Congress next week.  It is believed that any US ban would face significant legal hurdles. In 2020, the administration of former US President (Donald Trump) sought to ban the application, but it was hindered by a series of court rulings.  It is reported that TikTok has been negotiating with the Committee on Foreign Investment in the United States led by the US Treasury for more than two years regarding data security requirements.  The company said it has spent more than $1.5 billion on strict data security efforts, and rejects allegations of espionage.  The Wall Street Journal said the Committee on Foreign Investment in the United States recently submitted the sale request.  "The best way to address national security concerns is through transparent protection of US user data and systems within the United States, with robust third-party monitoring, screening, and verification," TikTok said on Wednesday.


This will be the most dramatic step in a series of recent steps taken by US officials and lawmakers who have raised concerns that US TikTok user data could be transferred to the Chinese government, noting that TikTok has more than 100 million users in the United States, so any ban An American would hurt her a lot.


"If protecting national security is the goal, divestment will not solve the problem. A change in ownership will not impose any new restrictions on data flow or access," TikTok spokesman Brock Oberuter said in a statement to Reuters news agency.


It is scheduled to appear CEO of the company (Zee Shaw) before the US Congress next week.


It is believed that any US ban would face significant legal hurdles. In 2020, the administration of former US President (Donald Trump) sought to ban the application, but it was hindered by a series of court rulings.


It is reported that TikTok has been negotiating with the Committee on Foreign Investment in the United States led by the US Treasury for more than two years regarding data security requirements.


The company said it has spent more than $1.5 billion on strict data security efforts, and rejects allegations of espionage.


The Wall Street Journal said the Committee on Foreign Investment in the United States recently submitted the sale request.


"The best way to address national security concerns is through transparent protection of US user data and systems within the United States, with robust third-party monitoring, screening, and verification," TikTok said on Wednesday.

Admin
By : Admin
Welcome to cairotimes24.com. We hope our topics satisfy your interest and admiration. Please do not forget to like our page on Facebook, our page on Twitter and on Pinterest to receive all new
Comments



Font Size
+
16
-
lines height
+
2
-