WHAT COMPANY'S NEXT!? Destiny Discusses TikTok Ban Fallout And Potential Buyout
Source: YouTube · Destiny · published Jan 14, 2025 · 35:15
The proposed law would ban foreign adversary-controlled apps like TikTok, defining such control as a 20%+ foreign ownership stake or foreign direction, with the U.S. president determining national security threats and imposing civil penalties, data access requirements, and potential divestiture. The law targets only apps with over a million monthly users, excludes product review platforms, and grants the president broad authority to exclude companies via "qualified divestiture" without Congressional approval.
Key Takeaways:
• "Foreign adversary" defined as ownership by entities in China, Russia, Iran, or North Korea with a 20%+ stake or direction 1:04-1:09.
• TikTok and similar apps could be banned if deemed a national security threat, with the president issuing public reports before enforcement 10:00-10:18.
• Violations face civil penalties of up to $5,000 per user—potentially reaching $850 billion for 170 million users 4:01-4:49.
• "Qualified divestiture" allows companies to avoid penalties at the president’s discretion, raising concerns about arbitrary power 3:00-3:34.
• The law excludes product review platforms but could impact Telegram and VK due to foreign ownership and user base 5:30-6:15.
The law’s vagueness, lack of data protection oversight, and broad presidential authority raise First Amendment and due process concerns, with critics warning it may enable foreign influence and fail to address real threats like surveillance or data harvesting.
Sources:
- 1:04-1:09 Definition of foreign adversary countries and ownership thresholds
- 10:00-10:18 National securi
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Tik Tok is going to be bad unless how do you feel about companies that are owned by um let's say Chinese Nationals but they operate it out of like the British Virgin Islands so that would affect telegram then who owns telegram Russian dudes this is a law that was passed by Congress that would have forced Amic Garland to ban Tik Tok basically this bill prohibits Distributing maintaining or internet hosting services for a foreign adversary controlled application however the prohibition does not apply to a covered application that executes a qualified divestiture as determined by the president under the bill a foreign adversary controlled application is directly or indirectly operated by bite tance LTD or Tik Tok or Tik Tok including subsidiaries or successors that are controlled by a foreign…