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At the height of Chinese Web commence-up valuations in 2021, the corporation was valued at $20bn inside a funding round that involved Singaporean condition-backed investor Temasek.

Specifics make any difference. There are various methods Congress may possibly ban TikTok, Each individual with distinct efficacies and side effects. In the end, each of the helpful ones would ruin the cost-free World-wide-web as we know it.

“It can be regrettable that your house of Associates is utilizing the protect of vital foreign and humanitarian aid to Again jam by way of a ban bill that will trample the free of charge speech rights of a hundred and seventy million Us residents, devastate seven million firms, and shutter a platform that contributes $24 billion to the U.S. economy, on a yearly basis,” the article read through. 

Most of its content material is in Mandarin, as well as the app doesn't have a translation element to enable new US consumers to understand posts. The app doesn't have an official English name.

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TikTok has responded by notifying all of its users by having an advertisement urging them to get in touch with their congressional Reps to precise their discontent Using the laws.

Even arithmetic turned a meme, with Chinese netizens playfully “teaching Americans math.” Chinese buyers leveraged their strengths in arithmetic to aid American pupils with complicated math issues.

Over the platform, two variations with the TikTok refugee hashtag have about 24 million posts, with associated posts showing at the top of numerous customers’ feeds.

The two Democratic and Republican lawmakers voted to ban the movie-sharing application past yr, more than issues about its links to the Chinese govt. TikTok has frequently said it does not share information with Beijing.

two August 2024: The US governing administration data files a lawsuit versus TikTok, accusing the social media marketing business of unlawfully accumulating kid's information and failing to reply when dad and mom attempted to delete their children's accounts.

As opposed to in other nations TikTok Refugee around the world including the British isles, the ban would not have an impact on all governing administration personnel and only applies to about five hundred individuals inside the parliamentary sophisticated.

TikTok experienced challenged the legislation, arguing it would violate no cost speech protections for that a lot more than 170 million people it states it has from the US.

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