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Marketplace All-in-One

The clock may be ticking for TikTok

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 11 March 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

The House of Representatives is expected to take up a bill this week that could effectively ban TikTok in the U.S. if the Chinese company that owns it, ByteDance, doesn’t sell off the social media platform. That effort has rare bipartisan support. We’ll unpack the latest. Later: what to make of some firmer-than-expected inflation readings and how the marching band at Prairie View A&M is helping students’ career prospects.

Transcript

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0:00.0

A ban on Tic-Toc is getting more likes on Capitol Hill.

0:06.0

From Marketplace, I'm Sabrie Benashore in for David Brancaccio.

0:09.0

The House is expected to take up a bill this week that could effectively ban

0:13.1

tic-talk in the US if the Chinese company that owns it

0:16.4

bite dance doesn't sell off the social media platform.

0:20.6

US intelligence agencies have said there is a close connection between

0:24.1

bite dance and China's government and that this poses a national security threat

0:28.1

and cracking down on the platform has rare and growing bipartisan support on Capitol Hill.

0:33.6

Marketplace's in Nova Safo has more.

0:35.4

A bill targeting Tik-Tok owner, Bight Dance is gaining momentum.

0:38.7

It cleared a key House committee and could pass a floor vote this week, a last minute attempt by Tik-Tuk to change the outcome

0:45.1

by urging its 170 million users to call Congress, apparently backfired.

0:50.6

The bill also has support in the Senate, though it's not clear whether it has the 60 votes necessary.

0:55.0

Marco Rubio and Mark Warner, a Republican and a Democrat, have led the effort in the Senate to change Tic-Tox ownership.

1:02.0

In a CBS interview over the weekend, Warner

1:04.6

focused on worries that China could use Tik-Tok to influence Americans.

1:08.4

Would the United States ever allow China to buy CBS?

1:13.2

I don't think I would.

1:14.4

Rubio emphasized potential threats to Americans' data.

1:18.0

As long as bike dance engineers in China

1:20.3

control the algorithm, they have to have access to American data to make it work.

1:24.0

Tic-Toc has said that it does not share data with Chinese authorities and would refuse

...

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