TikTok Ban
A few days back, President Joe Biden signed a bill that could drastically reshape the tech and investment landscape: a law mandating that TikTok’s Chinese parent company, ByteDance, divest its U.S. operations or face a nationwide ban. While this legislative move was created around national security concerns, the financial and geopolitical implications of the said "TikTok Ban Bill" reach far beyond just a social media app. Why does it matter? TikTok is not just a viral video platform. It’s a digital advertising powerhouse, a trend initiator, and one of the most valuable foreign-owned tech assets operating in the United States. The app harbors over 150 million American users, indicting its major role in american consumer lives. With this legislation, the U.S. government signaled a sharp escalation in its approach to Chinese tech firms, creating ripples across markets and intensifying concerns about tech decoupling between the world’s two largest economies. Tech Stocks Take N...