Clock starts on TikTok ban
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 24 April 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
Today, President Joe Biden took a decisive step by signing a bill that could ban TikTok in the U.S. unless its Chinese owner, ByteDance, divests from the company within nine months. This move echoes a long history of limiting foreign ownership of communications companies, dating back to the founding of this country. Also in this episode: Boeing’s financial woes, the NBA’s media bidding war and New England’s free college frenzy.
Transcript
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| 1:14.0 | The effort to keep other countries out of our conversations online and off is way older than this |
| 1:22.2 | Tik-Toc fight. |
| 1:23.6 | From American public media, this is Marketplace. In Washington, I'm Kimberly Adams in for Kyra's doll. |
| 1:39.6 | It's Wednesday, April 24th, good to have you with us. As you've no doubt heard at this point, |
| 1:45.0 | today President Joe Biden signed into law a 95 billion dollar foreign aid package |
| 1:50.7 | including a provision that would force the owner of |
| 1:53.3 | Tik-Tok to sell the video app or see it banned in the United States. The |
| 1:58.2 | app's Chinese parent company, Bite Dance, now has several months to complete a |
| 2:02.3 | sale. In response, Tik-Tock called the measure |
... |
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