Why a Steve Mnuchin-Run TikTok Is Bad News for Investors
DWACDigital World Acquisition (DWAC) InvestorPlace·2024-03-16 04:51

This week, the House of Representatives passed a bill that caught the attention of the entire country. Under the bill, popular social media app TikTok will be banned in the U.S. unless its Chinese conglomerate ByteDance agrees to sell it. This motion received strong bipartisan support, sponsored by Rep. Mike Gallager (R-WI) who introduced it along with Rep. Raja Krishnamoorthi (D-IL). Titled the Protecting Americans from Foreign Adversary Controlled Applications Act, this bill could severely disrupt the soc ...