TikTok currently has 270 days to divest its U.S. operation or face a ban here.
A provision of a Senate bill authorizing $95 billion in military aid to Ukraine, Israel and Taiwan which President Joe Biden signed into law on Wednesday, April 24, 2024 requires TikTok’s Chinese owner ByteDance to divest its U.S. TikTok operation in 270 days, or else U.S. app stores and Internet hosting services will not be allowed to support TikTok or any other ByteDance apps.
The provision also applies to applications operated by any other social media company that is controlled by a “foreign adversary” and has been determined by the president to present a “significant threat to national security.”
Source: Chain Store Age