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Bullboard - Stock Discussion Forum Personas Social Inc V.PRSN

Alternate Symbol(s):  PRSNF

Personas Social Incorporated is a Canada-based company, which is engaged in offering social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. The Company’s business includes live-streaming social media products and services for use by consumers and businesses on its live-streaming social media platform, with a focus on mobile... see more

TSXV:PRSN - Post Discussion

Personas Social Inc > Biden Signs ‘TikTok Ban’ Into Law COUNTDOWN BEGINS Edith Olm
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Post by G4General on Apr 24, 2024 2:58pm

Biden Signs ‘TikTok Ban’ Into Law COUNTDOWN BEGINS Edith Olm

Biden Signs ‘TikTok Ban’ Into Law

 
COUNTDOWN BEGINS
US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, DC, on April 24, 2024.

President Joe Biden signed a bill Wednesday that is likely to result in a nationwide ban of TikTok.

On Tuesday, the U.S. Senate voted in favor of the bill, which will require the company to part with its parent company, ByteDance, within a year or risk becoming illegal in the U.S.

President Joe Biden signed a bill Wednesday that is likely to result in a nationwide ban of TikTok.

On Tuesday, the U.S. Senate voted in favor of the bill, which will require the company to part with its parent company, ByteDance, within a year or risk becoming illegal in the U.S.

 

On Wednesday, TikTok’s CEO Shou Chew took to the app and posted a video to assuage users' fears in the face of this “disappointing moment.” 

“Rest assured, we aren’t going anywhere,” he said. “We are confident that we will keep fighting for your rights in the courts. The facts, and the constitution are on our side, and we expect to prevail again.”

Chew called the ban “ironic,” saying the freedom of expression on TikTok “reflects the same American values that make the United States a beacon of freedom.” 

During an interview with NBC’s Lester Holt, FBI Director Christopher Wray described TikTok as a “national security concern,” saying ByteDance is “beholden to the Chinese government,” which is “attempting to steal our AI and hack American technology every day.”

 

 

 

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