The popular app has come under scrutiny from lawmakers accusing it of being under Chinese government influence, while supporters have decried a ban as a free speech infringement.
The Bill would give ByteDance as long as a year to sell TikTok or be banned in the United States, according to Wedbush analyst Dan Ives.
Likely buyers for TikTok would be Microsoft or Oracle, the analyst said in a note to investors.
"The broader worry is retaliation from China could come from this forced sale/ban of TikTok and add more pressure for regulatory and geopolitical headwinds US companies face ... within mainland China," Ives added.
Meta is expected to be the biggest beneficiary of a TikTok ban, with fans of the app resorting to Facebook or Instagram.
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2024-04-24 01:16:00Z
CBMiWWh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vd29ybGQvdGlrdG9rLWJhbi1mYmktY2hpZWYtc2VuYXRlLXdhcm5zLWNoaW5hLWFwcC00Mjg3NTk20gEA
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