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Former Treasury Secretary Steven Mnuchin Says He’s Getting Together Investor Group To Buy TikTok
Mnuchin told CNBC that he supports the bill that would force ByteDance to divest the app.
His comments to CNBC follow the House of Representatives’ overwhelming passage of a bill that would force TikTok’s Chinese parent company, ByteDance, to sell the popular app or face a ban on distribution in the United States. During his presidency, Trump initiated an effort to force ByteDance to sell TikTok or face a ban, but his executive order was blocked in the courts. TikTok has lobbied heavily against the bill, and CEO Shou Chew posted a video on Wednesday arguing that the legislation “gives more power to a handful of other social media companies.
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