Close Menu
    What's Hot

    Equities Investors Lose N1.81trn as Nigerian Exchange Bleeds

    June 1, 2026

    The Initiates Strengthens Position in East Africa with Acquisition

    June 1, 2026

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, June 2
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Foreign » TikTok Boss Slams U.S. Bill Aimed at Forcing Change in Ownership
    Foreign

    TikTok Boss Slams U.S. Bill Aimed at Forcing Change in Ownership

    Julius AlagbeBy Julius AlagbeMarch 14, 2024Updated:March 14, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    TikTok Boss Slams U.S. Bill Aimed at Forcing Change in Ownership
    Tik Tok CEO, Shou Zi Chew
    Share
    Facebook Twitter Pinterest Email Copy Link

    TikTok Boss Slams U.S. Bill Aimed at Forcing Change in Ownership

    The chief executive of Chinese social media platform TikTok, Shou Chew, has vowed to fight back against a U.S. law that aimed to force a change in ownership.

    The company  will do everything possible and use legal means to defend the platform, Shou said in a video published on Thursday.

    The House of Representatives in Washington had  earlier on Wednesday  passed a bill that could ban the popular video-sharing app, owned by China-based ByteDance. The law now goes to the Senate, where its fate is unclear.

    Lawmakers who support the bill, however, note that it does not outright ban TikTok.

    Instead, it aims to force a change in ownership. The law would only lead to TikTok being banned from U.S. app stores if the service remains in the possession of China’s ByteDance group.

    In Washington, there have been fears for years about ByteDance’s access to user data.

    Some cyber security experts say the data could be used by Beijing to spread propaganda in the United States, spy on users, and exercise other forms of influence.

    Shou said that the law would give a small number of social media companies greater influence.

    The TikTok boss also claimed that the bill would jeopardise 300,000 jobs in the US.

    TikTok has also repeatedly stressed that small businesses use the service for advertising.

    TikTok says it has 170 million U.S. users.

    During his time in office as president, Donald Trump attempted to ban TikTok from app stores and compel ByteDance to spin off TikTok. But the effort was stymied by the courts. #TikTok Boss Slams U.S. Bill Aimed at Forcing Change in Ownership

    Investors Want to Buy Treasury Bills With N1.497 Trn

    TIik Tok
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Related Posts

    News

    Wall Street Surges to Record Highs as AI, Tech Stocks Rally

    May 15, 2026
    News

    British Health Secretary Resigns as Starmer Faces Leadership Challenge

    May 14, 2026
    Foreign

    Iran Opens Strait of Hormuz to Chinese Ships

    May 14, 2026
    Foreign

    Global Markets Mix, S&P 500 Rises Ahead of Trump, Xi Meeting

    May 14, 2026
    News

    Uzbekistan Debuts Largest London IPO, First Global Equity Offer

    May 13, 2026
    Foreign

    Russian Finance Minister Warns Hormuz Blockade Could Trigger Global Recession

    May 13, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Equities Investors Lose N1.81trn as Nigerian Exchange Bleeds

    June 1, 2026

    The Initiates Strengthens Position in East Africa with Acquisition

    June 1, 2026

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026

    Nigerian Exchange Shrinks as Equities Investors Lose N1.8trn

    June 1, 2026
    Latest Posts

    Wall Street Surges to Record Highs as AI, Tech Stocks Rally

    May 15, 2026

    British Health Secretary Resigns as Starmer Faces Leadership Challenge

    May 14, 2026

    Iran Opens Strait of Hormuz to Chinese Ships

    May 14, 2026

    Global Markets Mix, S&P 500 Rises Ahead of Trump, Xi Meeting

    May 14, 2026

    Uzbekistan Debuts Largest London IPO, First Global Equity Offer

    May 13, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Equities Investors Lose N1.81trn as Nigerian Exchange Bleeds

    June 1, 2026

    The Initiates Strengthens Position in East Africa with Acquisition

    June 1, 2026

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.