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ByteDance, TikTok’s $7m Lobbying Bid to Derail US Ban – CNBC

The popular video-sharing app’s owner will be told to sell its stake in nine months or see it banned from the United States

A report by Forbes says more than 30 TikTok employees have been stopped at US borders in recent years and questioned about their work with the group, according to sources. Photo: Reuters.


TikTok and its China-based parent company ByteDance have spent more than $7 million this year in a bid to derail US legislation that would see the social media app banned in the United States, CNBC reported.

The US Senate approved a landmark bill on Tuesday that gives the Chinese video-sharing app’s owner nine months to sell its stake or the app will be blocked in the United States. The bill will now be handed over to US President Joe Biden, who has said he will sign it into law as soon as it reaches his desk.

ByteDance alone spent a record $2.68 million on in-house TikTok lobbyists to target Congress and federal officials over the first three months of the year, according to new lobbying disclosure reports, the story went on. TikTok spent over $4.5 million this year on a television and digital ad campaign attacking the legislation, according to data from AdImpact.

Read the full story: CNBC


  • By Sean O’Meara


Also read:

Top US Republican Senator Backs Forced Sale of TikTok

TikTok Ban Would be Hypocrisy, Apple Co-founder Says – CNN

China Says US TikTok Bill an ‘Act of Bullying’ That Will Backfire

TikTok Ban Would Help ‘Enemy of the People’ Facebook: Trump



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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