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A TikTok Ban Is Imminent: What Are the Financial Stakes?
The Wall Street Journal ^ | January 18, 2025 | Sarah E. Needleman and Georgia Wells

Posted on 01/18/2025 12:25:05 PM PST by lasereye

The disappearance of TikTok threatens to erase billions of dollars from the U.S. economy and remove an important platform used by millions of American businesses and social-media entrepreneurs to connect with customers.

TikTok’s demise won’t dent the U.S. economy overall, but it is poised to crimp a sizable sub-economy that has sprung up around the hugely popular app used by roughly 170 million Americans. Putting a precise figure on TikTok’s impact across the U.S. economy is difficult, though the company has touted a figure of more than $20 billion a year.

Ella Livingston has a pretty clear idea of how it will affect her. She says a ban will cut off about $25,000 in monthly sales for Cocoa Asante, the artisan chocolate company she owns in Chattanooga, Tenn. She is anticipating having to lay off four to five part-time workers.

“It would be very, very painful,” said Livingston, 31, a former high-school math teacher who credits TikTok for helping her startup rapidly grow in 2023 after an influencer posted a flattering review on the app about one of her company’s products, unprompted. “It went viral on a Friday night, and by Sunday I wrote my resignation letter.”

A ban is expected to start Sunday after the Supreme Court upheld a federal law Friday that requires TikTok to separate from parent company ByteDance or else be banned.

Proponents of a ban say any such impact is outweighed by the national security risks that the app could be used by China’s government to propagandize or spy on Americans—actions TikTok has said it wouldn’t allow.

The sale-or-ban bill passed with broad bipartisan support. President-elect Donald Trump has suggested he might try to save TikTok.

Biden administration officials have signaled they don’t intend to enforce the ban on his final day in office.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: ban; ccp; ccpspyware; chicoms; china; commiemalware; tiktok
There are competing products out there like Reels. Seems like this shouldn't be a problem in the long run. Short term there would be disruptions.

TikTok and other Chinese apps are banned in India, because it allegedly has spyware. It's also banned on all Defense Dept. devices for the same reason.

1 posted on 01/18/2025 12:25:05 PM PST by lasereye
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To: lasereye

If you want to know why Jeff Bezos has buddies up to Trump?

Meta owns not only FaceBook but Instagram which directly competes with TikTok

He also owns Blue Origin which competes with SpaceX


2 posted on 01/18/2025 12:27:29 PM PST by Fai Mao (The US government is run by pedophiles and Perverts for pedophiles and perverts.)
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To: lasereye

Exactly. I can’t figure out what I’m missing here. I admit I know nothing about TikTok or reels, but isn’t there YouTube and Facebook and Rumble (sp?) or even creating your own web site? Maybe migrate to one of those?


3 posted on 01/18/2025 12:31:56 PM PST by Larry Lucido (Donate! Don't just post clickbait!)
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To: lasereye

Facebook hates America and steals users data. Why not ban them?


4 posted on 01/18/2025 12:41:54 PM PST by jroehl (And how we burned in the camps later - Aleksandr Solzhenitsyn - The Gulag Archipelago)
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To: lasereye

“The disappearance of TikTok threatens to erase billions of dollars from the U.S. economy”

The disappearance of TikTok threatens to curtail future collecting billions of peoples’ personal info for the Chinese Military.

There, fixed it


5 posted on 01/18/2025 12:47:50 PM PST by antidemoncrat ( )
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To: antidemoncrat
The disappearance of TikTok threatens to curtail future collecting billions of peoples’ personal info for the Chinese Military.

My problem is I don't fear enough. In the past five years, I've been told to have great fear of climate change, COVID, Putin, and now TikTok. Can you help me raise my level of fear?

6 posted on 01/18/2025 12:53:03 PM PST by Right_Wing_Madman
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To: Larry Lucido
Exactly. I can’t figure out what I’m missing here. I admit I know nothing about TikTok or reels, but isn’t there YouTube and Facebook and Rumble (sp?) or even creating your own web site? Maybe migrate to one of those?

We're giving the government the power to ban apps or websites as long as it's associated with a foreign adversary.

The language of the bill is written so that it's easy for the government to shut down any apps or websites they deem as a threat to "national security".

7 posted on 01/18/2025 12:53:47 PM PST by MinorityRepublican
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To: lasereye

“There are competing products out there like Reels. Seems like this shouldn’t be a problem in the long run.”

Reels is crap and the content creators don’t get paid. But Facebook sells advertising based on them. Also the Reels Algorithm is crap.
Last, TikTok creators correctly assess that this whole banning is to rid Zuckerberg of a company he could not out compete. They despise Zuck with a white hot heat and will not go to Reels.


8 posted on 01/18/2025 12:55:04 PM PST by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI..Exactly.)
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To: MinorityRepublican

What the government wants to do is to ban foreign controlled social media apps that spy on American people. But they have no problem with American social media apps that spy on American people.


9 posted on 01/18/2025 12:56:28 PM PST by Responsibility2nd (Man made Climate Change is Real. Cal. Officials responsible for the fires just proved it.)
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To: Right_Wing_Madman

Can you help me raise my level of fear?
*******************************************************
Okay, here goes.

Hillary heard you have evidence against her and she knows where you live..


10 posted on 01/18/2025 12:57:38 PM PST by chickenlips (Neuter your politicians)
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To: lasereye

DC hates TikTok and America despises DC. What DC sees as “national security”, normal Americans do not anymore. The authoritarian oligarchy in DC is what normal America worries about.

Spare me with the national security bullshit. The argument is retarded on it’s very face. The US Navy has an all Chinese recruiting station in Alhambra Ca. DC didn’t give a tinkers damn as tens of thousands of Chinamen walked across the border. They don’t care about Chinese birther tourist operations. They couldn’t care less if Tesla, Boeing, Apple and everyone else does anything they want in China. They think it’s funny when Governor Kemp in Georgia is speaking Chinese in a commercial bragging about welcome to Chinese business. DC did nothing about Loral Rockets and Clinton selling them MIRV technology. DC laughed as the Fauci and Chapel Hill crew moved and funded Bioweapons programs in Wuhan. Wall Street and our Bankers enriched themselves on China at the cost of normal American manufacturing.
They have bought something like a 380,000 acres of farmland and THAT’S ok.
I can sit here with a Chinese computer and phone, in Chinese clothes, on a Chinese chair, with a Chinese lightbulb on the ceiling and a Chinese Ring doorbell on every house.

Facebook can do anything it wants with my data. I can have a casual conversation with my phone in my pocket, and related ads are instantly selling the same thing.

DC allows floods of Palestinian terrorists to march in the streets. Hundreds of thousands of unvetted Afghans have poured into America. 20 million from everywhere else poured in over the last 4 years. DC has an alliance with the Nazi party of Ukraine and now ISIS in Syria.
The entire spy apparatus of America has turned inward and is now aimed at us. The “intelligence community” stole an election, and launched massive censorship against Americans.

So in short, worries about “National Security” are fake and not aligned with most Americans. It’s obvious that they flip the finger to ACTUAL national security and their arguments are yet another scam.

This is to protect META and X, give some insider billionaires a chance to gain ownership of a cash cow for cheap, and to let the FBI/DHS/NSA/CIA etc have a back door and influence.

DC declared war on 170 million Americans who decided it was not a security threat. I guess Luigi didn’t impress them.

Last... PornHub is Canadian (Foreign), and pumps the most vile porn imaginable to every kid with a phone. Their content has viruses, rape, underage sex, and every perversion imaginable. No national security issue there for DC.


11 posted on 01/18/2025 1:25:09 PM PST by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI..Exactly.)
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To: Larry Lucido

” TikTok or reels, but isn’t there YouTube and Facebook and Rumble (sp?) or even creating your own web site? Maybe migrate to one of those?”

Content creators don’t get paid on those sites nearly as well or as easily. And Reels outright sucks.

And then of course, if you migrate there, DC might do it again. But basically going to reels or FB or X etc create content that the oligarchs cash in on. The creators are largely left out.


12 posted on 01/18/2025 1:28:29 PM PST by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI..Exactly.)
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To: antidemoncrat

How many countries has the Chinese military invaded? I can think of North Korea in he 1950s and Vietnam in the 70s.


13 posted on 01/18/2025 1:30:29 PM PST by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI..Exactly.)
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To: MinorityRepublican

“it’s easy for the government to shut down any apps or websites they deem as a threat to “national security”.”

I’m a white heterosexual male Christian. The US government currently, openly, says I and people like me are the biggest national security threat America faces.

So since I’m next on their menu, forgive me for not believing it when they run in screaming about a new threat.


14 posted on 01/18/2025 1:35:30 PM PST by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI..Exactly.)
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To: DesertRhino
So since I’m next on their menu, forgive me for not believing it when they run in screaming about a new threat.

Successful psyops operation by our government to ban TikTok and then retaining the power to ban any apps and sites after the TikTok ban.

Many FReepers have fallen for the scam.

15 posted on 01/18/2025 1:41:00 PM PST by MinorityRepublican
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To: lasereye

trump is considering a 90 day suspension on the government ban according to a report on the fox news website...


16 posted on 01/18/2025 1:42:08 PM PST by heavy metal (smiling improves your face value and makes people wonder what the hell you're up to... 😁 )
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To: MinorityRepublican

“We’re giving the government the power to ban apps or websites as long as it’s associated with a foreign adversary.”

Meh, give me a call when Walmart, Boeing, our biolabs, banks, etc cannot be associated with China. Oh... and when Apple isn’t using slave labor to make phones.
It’s fine for the chattering class and the coastal elites to get all the China they want. But god forbid 170 million Americans find something they enjoy and about a million make a little money on.

Eff em.


17 posted on 01/18/2025 1:43:56 PM PST by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI..Exactly.)
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To: Right_Wing_Madman

Lol... :)


18 posted on 01/18/2025 3:18:22 PM PST by Openurmind
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To: Right_Wing_Madman

Imagine Trump getting assassinated just before the Inauguration and then Biden declaring a national emergency and shutting down the country until they can resolve the situation ... in 3 or 4 years.


19 posted on 01/18/2025 5:42:37 PM PST by antidemoncrat ( )
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To: antidemoncrat

Imagine all you want. VP-elect is sworn in as president at the appointed time, as previous office holders’ terms expire at 12:01 pm. It’s a settled question.

20th Amendment, Section 3


20 posted on 01/18/2025 5:51:04 PM PST by jjotto ( Blessed are You LORD, who crushes enemies and subdues the wicked.)
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