Overview

• President Joe Biden signed a bill requiring ByteDance to sell TikTok within up to a year or face a U.S. ban, citing national security threats.
• The law, part of a larger foreign aid package, has sparked controversy over its potential impact on free speech and the tech industry.
• ByteDance plans to challenge the law in court, arguing it violates free speech rights, while potential buyers like Microsoft and Oracle are being considered.
• Experts question the feasibility of selling TikTok without its core algorithm, which is controlled by Chinese export laws.
• The ban could significantly impact various sectors, including the creator economy and music industry, where TikTok plays a major role in content discovery.