Last Thursday the House of Representatives fast-tracked a bipartisan effort that could lead to Gen Z’s favorite app being banned in America, and over the weekend the House approved the bill.
The revised legislation ties TikTok’s fate to a foreign-aid package for Ukraine, Israel, and Taiwan. The Senate passed its biggest procedural hurdle yesterday in an 80-19 vote. The bill should get a final vote shortly, which would likely send it to President Biden’s desk, where he’s indicated he’d sign it.
Read about the companies that could be affected by a TikTok ban, based on how they mention the app in earnings transcripts and filings, on Sherwood.
Latest Stories
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.