Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Trump Claims TikTok Ban Would Benefit ‘Enemy of the People’ Facebook

TikTok's Owner: Can They Survive Without Their Star App?
TikTok's Owner: Can They Survive Without Their Star App?

Listen to the article now

Trump Claims TikTok Ban Would Benefit ‘Enemy of the People’ Facebook

Former US President Donald Trump has voiced his criticism against a congressional bill aiming to compel TikTok’s parent company to sell the app or face a ban in the United States. Trump, who previously attempted to ban TikTok in 2020 during his tenure in the White House, argued that the proposed measure would provide unfair advantages to Meta, the owner of Facebook. The ongoing debate among lawmakers revolves around a proposal that would mandate ByteDance, TikTok’s parent company, to sell the platform by September 30.

President Joe Biden intends to sign the bill if it successfully passes the legislative process. In an interview with NBC, Trump asserted that without TikTok, Facebook could expand, expressing his view that Facebook is an “enemy of the people.” When questioned about the app’s security, he acknowledged both positive and negative aspects, noting the popularity of TikTok among young users.

The US intelligence community has previously raised concerns about the Chinese government exploiting TikTok to influence public opinion in the United States. A recent annual report from the Office of the Director of National Intelligence revealed that TikTok accounts linked to the Chinese government’s propaganda efforts targeted candidates from both political parties during the 2022 US midterm election cycle.

While Trump agreed with the perception of TikTok as a national security threat, he also contended that Facebook posed a similar danger, particularly in the context of elections. Following Trump’s comments, shares in Meta, Facebook’s parent company, experienced a significant drop, falling over 4%, and Snap, a smaller social media competitor, also saw a decline in its stock value.

The scrutiny faced by social media companies is expected to intensify as the upcoming presidential election in November approaches. TikTok encountered a similar situation in 2020, with concerns about data privacy and potential influence by the Chinese government leading to calls for a sale or ban. Despite the executive order signed by Trump in 2020 directing ByteDance to sell TikTok, legal challenges prevented its implementation. Meta’s removal of Trump’s accounts after the US Capitol riot in 2021 added another layer to the complex relationship between social media platforms and political figures.

The proposed TikTok ban has faced opposition from the Club for Growth, a conservative lobbying group associated with Trump. Notably, Kellyanne Conway, a former top aide to Trump, has been lobbying for TikTok in Congress on behalf of the Club for Growth. The Justice Department, FBI, and other national security officials are scheduled to brief members of the House of Representatives on TikTok, underscoring the app’s significance, especially among younger demographics in the US.

The bipartisan bill has already passed a congressional committee with unanimous support (50-0) and awaits a Senate vote for final approval before potentially becoming law. The legislative developments highlight the ongoing challenges and complexities surrounding the regulation of popular social media platforms with international ownership.


Comment Template

You May Also Like

Technology

ChatGPT Surpasses Instagram and TikTok as the Most Downloaded App in March In a groundbreaking development, ChatGPT has claimed the top spot as the...

Breaking News

TikTok was reinstated in the U.S. after a sudden ban, following President-elect Trump’s intervention via executive order. While users and businesses celebrated the app’s...

Technology

The U.S. banned TikTok on January 18, 2025, after ByteDance failed to divest its U.S. operations under a national security law. Affecting 150 million...

Business

The Oversight Board reported Thursday that Meta failed to remove an explicit, AI-generated image of an Indian public figure until it was questioned by...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok