US BANS TIKTOK OWNER BYTEDANCE, WILL PROHIBIT APP IN US UNLESS IT IS SOLD

Summary from the TLDR newsletter

President Joe Biden has signed into law a bill that orders TikTok owner ByteDance to sell the company within 270 days or lose access to the US market. Biden can extend the deadline by up to 90 days if a sale is in progress. If ByteDance doesn't sell TikTok, app stores in the US will have to drop the app and internet hosting services will be prohibited from providing services that enable distribution of TikTok in the US. ByteDance will file a lawsuit to attempt to block the law.