04/11/2024

Why a TikTok Ban May Give Big Business an Upper Hand

The founder of one brand weighs in on how it has helped her company

Welcome to this week's Founder Focus! I'm Melissa Angell, Inc.'s policy correspondent, and each week I'll be dissecting some of the top policy issues small businesses face. You can sign up to get this in your inbox every week here.

A TikTok ban of some variety might be closer than you think.

The Senate is back to work this week, and Majority Leader Chuck Schumer (D-N.Y.) signaled in a recent statement that Congress is inching closer to "a path forward on TikTok legislation." As a refresh: A few weeks ago, the House approved a bill that would ban TikTok in the United States if the Chinese-owned company fails to sell itself to a non-Chinese entity within six months. Side note: Financial experts have agreed that a six-month timeline for a deal of TikTok's size is... unsavory.

Please select this link to read the complete article from Inc.