4 ms·
There is no law in America requiring domestic joint ventures. The Tiktok law gives the US gov power to ban social media companies controlled by a "U.S. foreign
by dmix 2y ago
There is no law in America requiring domestic joint ventures.
The Tiktok law gives the US gov power to ban social media companies controlled by a "U.S. foreign adversary" (only 6 countries) and offers the chance for divestment, but doesn't require moving operations to the US.
https://en.wikipedia.org/wiki/Protecting_Americans_from_Foreign_Adversary_Controlled_Applications_Act https://en.wikipedia.org/wiki/Protecting_Americans_from_Fore...