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Marketplace All-in-One

TikTok responds to ban bill

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 14 March 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

From the BBC World Service: TikTok’s chief executive responds to the decision to potentially ban the app in the United States following allegations of links to the Chinese Community Party. We’ll hear some responses from China. Plus, Bitcoin is breaking records, and this time it’s in the right direction — it’s hitting all time highs. So what’s behind the surge?

Transcript

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Tic-Tock, Bites Back. Good morning. I'm Leanna Byrne and thank you for tuning in to the Marketplace

1:17.8

Morning Report and we're coming to you live from the BBC World Service. Our top story is of course Tik-Tok. The big news yesterday

1:25.0

was that it could be banned in the US unless the apps Chinese owner sells its

1:29.8

American operations and it's because US lawmakers say Tiktok's owner bite dance has links with the Chinese Communist Party,

1:37.0

something denied by the company and Tiktok. Now, Tiktok, Singaporean chief executive

1:42.0

Scho Z Chu has reacted on Tik-Toc, naturally, and he says

1:46.1

the platform is important for small businesses and vowed to fight the plans.

1:50.3

This bill gives more power to a handful of other social media companies.

...

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