Yesterday, the CEO of TikTok Shou Zi Chew took a visit to Washington to try and head off a ban of the Chinese owned social media app. And from all reports such as this one from Platformer, it didn’t go all that well for TikTok. And it now looks more likely than ever that TikTok will be banned. Here’s why that’s all but certain:
- Everyone on both sides of the aisle want TikTok Banned: There’s rare agreement from Democrats and Republicans on wanting to ban TikTok. Which means any legislation that relates to a ban will likely go through the House and Senate very quickly and get signed off by The White House almost instantly.
- Nobody wants to buy TikTok: The only way TikTok avoids a ban is if ByteDance who are the Chinese owners of TikTok sell it to an American company. But the thing is, I don’t know who would want to go down that road to buy TikTok. Forbes estimates that TikTok is worth $50 Billion which isn’t an insignificant amount of money. Then whoever buys TikTok would have to hop through so many hoops to avoid having the US government lower the boom on them. And that won’t be cheap. Thus this is a scenario that simply won’t happen.
- China: The Chinese government created rules that gives it veto power of any sale of Chinese tech to foreign interests. Thus there is zero chance that China would sign off on any sale of TikTok to the US. Which means that a ban would be the only option for the US.
That’s all great. But here’s two reasons why a TikTok ban won’t happen:
- Young people use TikTok, and they vote. Thus you have to wonder if politicians will really want to ban an app and anger a bunch of people who have the ability to sway an election that’s coming next year.
- The courts are likely to weigh in and it is possible that they would stop any ban from happening.
So is a ban of TikTok inbound? I think that lawmakers will try and ban it. But it’s far from a sure thing as far as I can see.
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This entry was posted on March 24, 2023 at 8:00 am and is filed under Commentary with tags TikTok. You can follow any responses to this entry through the RSS 2.0 feed.
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The US Will Try And Ban TikTok…. Here’s Why That Will Happen, And What Might Stop It From Happening
Yesterday, the CEO of TikTok Shou Zi Chew took a visit to Washington to try and head off a ban of the Chinese owned social media app. And from all reports such as this one from Platformer, it didn’t go all that well for TikTok. And it now looks more likely than ever that TikTok will be banned. Here’s why that’s all but certain:
That’s all great. But here’s two reasons why a TikTok ban won’t happen:
So is a ban of TikTok inbound? I think that lawmakers will try and ban it. But it’s far from a sure thing as far as I can see.
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This entry was posted on March 24, 2023 at 8:00 am and is filed under Commentary with tags TikTok. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.