President Biden signs bill potentially forcing ByteDance to sell TikTok
President Joe Biden signs bill requiring ByteDance to sell TikTok to a non-foreign adversary buyer within 270 days or face a ban. Former Treasury Secretary Steve Mnuchin plans to lead a group of investors in a bid to acquire TikTok amidst concerns over national security and user data protection.
Senator Ron Wyden Criticizes Steven Mnuchin’s Bid to Acquire TikTok
Senator Ron Wyden criticizes former Treasury Secretary Steven Mnuchin’s bid to acquire TikTok, citing concerns over his ties to money from the Middle East. Mnuchin’s plans to lead a group of investors in purchasing the social media platform has raised bipartisan concerns, with Senator Wyden expressing apprehension about potential security risks and access to personal data. Reports indicate substantial investment from Saudi Arabia, Qatar, Kuwait, and the United Arab Emirates in Mnuchin’s fund, raising further questions about foreign influence.