BIDEN SIGNS TIKTOK ‘BAN' BILL INTO LAW, STARTING THE CLOCK FOR BYTEDANCE TO DIVEST IT

Summary from the TLDR Marketing newsletter

President Biden has signed a foreign aid package that includes a bill that will ban TikTok if China-based parent company ByteDance fails to divest the app within a year. The company plans to contest the law in court, arguing the law is an infringement on the constitutional rights of U.S. users. Uncertainties linger over China's reaction and whether it will even allow a potential sale.