TikTok is in the crosshairs again when it comes to its ability to operate in the U.S., and that's bad news for ByteDance, the Chinese company that owns the popular social media app.
The U.S. House of Representatives has overwhelmingly passed a bill that would stop TikTok from being used in the U.S. unless Chinese owner ByteDance sells its interest in the platform. This came after a recommendation in 2023 from The Committee on Foreign Investment in the U.S. (CFIUS), which is a federal task force that oversees cross-border investments and their possible national security risks.
