Republican Lawmaker Advocates for TikTok Divestment for Financial Benefit

Republican Lawmaker Advocates for TikTok Divestment for Financial Benefit

By
Nikolai Petrovich Yefimov
1 min read

Representative Mike Gallagher, a key proponent of the bill to force ByteDance to divest TikTok in the US, stated that investors in the Chinese parent company would benefit financially from a potential sale. He emphasized that divestment would eliminate uncertainty, making it advantageous for ByteDance's investors. This compelling stance raises questions about the future of TikTok's ownership and its impact on the global tech landscape.

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