TikTok says forced sale won’t resolve Biden administration’s concerns
March 16, 2023
The Biden administration is demanding that ByteDance sell its stake in TikTok or the video-sharing app faces a ban in the U.S. Security experts and members of both political parties are concerned about ByteDance’s relationship with the Chinese government and the potential for the Asian nation to gain personal information on U.S. citizens. TikTok says a forced sale will not alleviate the concerns that have been expressed.
Recent News
Tesla’s Full Self Driving Approval in China Sparks Stock Surge
Tesla shares shot up over 12% early Monday as CEO Elon Musk got the nod to launch “Full Self Driving” (FSD) tech in China.
Domino’s Shares Soar as Pizza Chain Defies Sales Expectations
Domino’s shares were up by almost 7% in pre-market trading thanks to the success of its new loyalty programs and various promotional offerings.
Express’s New Owner Brings Post-Bankruptcy Hope to Beleaguered Retailer
Express’s bankruptcy filing earlier this month had analysts concerned about the popular clothing retailer’s survival, but news about its new owner has given a glimmer of hope to both Wall Street and consumers alike.
Fast-Food Chains in California Significantly Spike Prices on Menus
Restaurants in California are staying true to their word that menu prices would increase following the state’s rise in the minimum wage for fast-food workers.