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If forced to sell, it’s also unclear whether ByteDance would put the app’s entire global footprint up for sale or just its United States operation. House lawmakers on Wednesday approved legislation meant to force ByteDance, the Chinese internet company, to sell its wildly popular social media app TikTok. Only one narrower TikTok restriction has survived a court challenge. The governor of Texas announced a ban of the app on state government devices and networks in 2022 because of its Chinese ownership and related data privacy concerns. Professors at public universities challenged the ban in court last year, saying it blocked them from doing research on the app. A federal judge upheld the state ban in December, finding it was a “reasonable restriction” in light of Texas’ concerns and the narrow scope affecting only state employees.
Otoe County
Besides a sale, ByteDance could potentially pursue other options, like spinning off TikTok through an initial public offering. It “is not a foregone conclusion by any means” that China will allow a sale, said Lindsay Gorman, a senior fellow at the German Marshall Fund who specializes in emerging tech and China. Even if TikTok approaches a sale, the process of separating TikTok from ByteDance is likely to be messy. Private equity firms or other investors could form a group to raise enough money to buy TikTok. Former Treasury Secretary Steven Mnuchin said in March that he wanted to build such a group.
Washington County
TikTok’s case will probably lean on the First Amendment, legal experts said. The company is expected to argue that a forced sale could violate its users’ free speech rights because a new owner could change the app’s content policies and reshape what users are able to freely share on the platform. Congress passed the measure citing national security concerns because of TikTok’s Chinese ties. Both lawmakers and security experts have said there are risks that the Chinese government could lean on ByteDance for access to sensitive data belonging to its 170 million U.S. users or to spread propaganda. Selling just the U.S. app alone could prompt major issues, from how does the algorithm that suggests content to users function to whether it can display content from other countries.
US real estate overview
The opposition to the Israel aid represented a minority of Democrats, but reflected the deep resistance to unconditional aid and the divisions in the party on Gaza. Representative Jamie Raskin of Maryland represented a notable new “no” vote among Democrats, and other standouts included Representatives Donald S. Beyer Jr. of Virginia, Earl Blumenauer of Oregon and John Garamendi of California. Even if ByteDance could find a buyer for TikTok, China might not let a sale occur. In 2020, when American officials first tried to force a sale of TikTok, Beijing placed export restrictions on technology that sounded similar to TikTok’s content recommendation algorithm. The government will probably need to make a strong case that ByteDance’s ownership of TikTok makes it necessary to limit speech because of national security concerns, the legal experts said. The measure is likely to face legal challenges, as well as possible resistance from Beijing, which could block the sale or export of the technology.
What to Know About the TikTok Bill That the House Passed
The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Great Plains Regional MLS. Real estate listings held by brokerage firms other than , are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.Copyright © 2024 Great Plains Regional MLS. TikTok already has a strong record in similar First Amendment battles. With 170 million users in the United States alone, TikTok would carry a high price tag, which few companies or individuals could afford.
How would a ban work, and what would it mean for TikTok users?
This Former School for Sale Still Has a Gym and Stage Inside - Apartment Therapy
This Former School for Sale Still Has a Gym and Stage Inside.
Posted: Wed, 19 Apr 2023 07:00:00 GMT [source]
Now the law faces court challenges, a shortage of qualified buyers and Beijing’s hostility. The TikTok provision was included as part of an effort to sweeten the deal for conservatives. Lawmakers have repeatedly cited the potential for Beijing to gain access to U.S. user data or to use the app for propaganda, including ahead of this year’s presidential election.
Hotz maintained amicable relationships with her former husbands, most notably Luce, kept their last names and formed a bond with Boothe, said a biography kept by Harvard University's Schlesinger Library. Known as a socialite, Hotz had a wide social circle and backed a multitude of charitable causes, including the Berkshire Farm Center, the Henry Street Settlement and the Spence-Chapin adoption service. Hotz used the property as a weekend retreat, splitting her time between her Park Avenue apartment and Lu Shan, where her sons lived when they were not at boarding school. Not just a getaway, the property then held a fully functional and rather productive dairy farm, various newspaper reports said.
Sarpy County
An earlier version of this article incorrectly identified the political party of a group of representatives who notably voted “no” on new aid for Israel. Located at 1901 Route 206, the 10-bedroom, nine-bathroom home sits several hundred feet from a wall of trees bordering the highway. As with many North Jersey estates, the surrounding property has been subdivided from the original estate for more luxury homes.
But when Republicans, egged on by former President Donald J. Trump, rejected linking it to a bipartisan border deal, the Senate passed the foreign assistance package on its own in February and pressured the House to do the same. Some of the companies that could potentially afford to buy TikTok are tech giants like Microsoft, Google and Meta, the owner of Facebook and Instagram. But the Biden administration has tried repeatedly, using antitrust law, to block those companies from becoming bigger. Many are worried that the Chinese government could demand the personal data of Americans from ByteDance and that, under Chinese law, ByteDance would have to comply.
The sale would have to guarantee that ByteDance no longer has any control over TikTok or its algorithms that recommend content to users. It notes that about 60 percent of the company is owned by global institutional investors, including the financial giants Susquehanna International Group and BlackRock. According to the company, it has spent more than $1 billion on a plan that stores sensitive U.S. user data domestically on servers operated by Oracle, the American cloud computing company.
Other groups, like the American Civil Liberties Union, which has been a vocal opponent of the bill, may also join the legal fight. A spokeswoman for the A.C.L.U. said on Tuesday that the group was still weighing its role in potential litigation challenging the law. The issue could take months or even years to settle, during which the app would probably continue to function for U.S. consumers. For weekly email updates on residential real estate news, sign up here. Given the fast pace of the current market, some properties may no longer be available at the time of publication.
