Barstool Sports activities founder and president Dave Portnoy mentioned it’s exhausting to underestimate the significance of TikTok for small businesses and content creators as lawmakers mull the following steps for the social media platform.
“I am very involved about how many individuals earn a dwelling. It is large. You may’t underestimate that. And simply to chop it out – and you bought people who find themselves investing in Meta writing the payments, it is all fairly complicated,” he mentioned Tuesday on “The Will Cain Present.”
TikTok went darkish in america late Saturday night time after the app’s China-based parent company ByteDance didn’t promote the platform to a U.S. purchaser.
TikTok ban message seems on a cellular display with TikTok brand on pill display, seen on this photograph illustration. Taken in Brussels, Belgium, On 19 January 2025. (Jonathan Raa / Sipa USA)
President Donald Trump, who supported banning TikTok in 2020, signed an government order on his first day in workplace Monday, giving it a 75-day extension to proceed working in america.
Chairman of the Home Choose Committee on the Chinese language Communist Celebration John Moolenaar, R-Mich., penned an op-ed explaining the next steps for TikTok.
SENATOR CALLS TIKTOK ‘A WEAPON,’ SAYS THE AMERICAN PEOPLE ‘NEED TO KNOW THE CHILLING TRUTH’ ABOUT IT
“TikTok’s makes an attempt accountable the federal government are deceiving. The legislation shouldn’t be a ban, and Congress gave TikTok an easy path to proceed working: Sever ties with the Chinese language authorities, and the restrictions shall be instantly lifted,” Moolenaar wrote. “When the legislation was enacted final April, Congress gave ByteDance, TikTok’s Chinese language mother or father firm, 270 days to unload its stake and relinquish management of the platform.”
“However whilst American patrons have lined as much as make a proposal, ByteDance has refused to debate the potential for a sale. In a transfer that’s elevating eyebrows, the corporate seems prepared to observe its reportedly $50 billion U.S. operation go up in flames fairly than adjust to the legislation’s easy requirement to divest,” he continued.
A TikTok brand is displayed on a smartphone on this illustration taken on Jan. 6, 2020. (REUTERS/Dado Ruvic)
In a video posted to YouTube, Portnoy mentioned the TikTok debate reminds him of the early days of the COVID-19 pandemic when the federal government instructed companies to not open their doorways as a result of it has to “shield you.”
“There are such a lot of creators, small companies who’ve labored for years, for years to construct their livelihoods, their careers on TikTok. You lastly turn out to be profitable and the federal government is like, boop! Sorry, lower your legs out. You are executed,” he mentioned within the video.
Portnoy instructed Fox Information host Will Cain he doesn’t belief any social media community and admitted he didn’t know a lot about how the CCP uses the app to gather consumer info.
FILE – This Feb. 25, 2020, file photograph, reveals the icon for TikTok in New York. President Donald Trump will order China’s ByteDance to promote its hit video app TikTok due to national-security considerations, based on experiences printed Friday, July 31, 2020. “We’re TikTok,” Trump instructed reporters Friday on the White Home. “We could also be banning TikTok.” (AP Picture/File) (AP Picture/File)
“I haven’t got the Secret Service telling me every little thing they’re apprehensive about. I get the disinformation to a level. The spying? I do not know. I am only a widespread dude sitting right here looking on TikTok and asking, what are they speaking about?” he defined.
Trump wrote on Fact Social over the weekend that he wish to see the United States have a “joint venture between the present homeowners and/or new homeowners whereby the U.S. will get a 50% possession in a three way partnership arrange between the U.S. and whichever buy we so select.”
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He added that with out U.S. approval “there isn’t any TikTok.” “With our approval, it’s price lots of of billions of {dollars} – possibly trillions.”
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