Connect with us

Hi, what are you looking for?

Please enter CoinGecko Free Api Key to get this plugin works.

Finance News

Will RedNote get banned in the US?

Image: Cath Virginia / The Verge

I’m not the first to note the irony of TikTok users flooding RedNote this week. The TikTok divest-or-ban rule was supposed to drive Americans away from a foreign-owned social network that was subject to influence or data harvesting by the Chinese government. Instead, it pushed them onto a different foreign-owned social network that poses the exact same hypothetical risks — and that might be subject to the exact same kind of ban.

TikTok faces a ban under the Protecting Americans from Foreign Adversary Controlled Applications Act, which passed with overwhelming bipartisan support and was signed last year by President Joe Biden (who is reportedly experiencing some buyer’s remorse right now). While it mentions TikTok and its parent company, ByteDance, by name, it could apply to any company that meets the following criteria:

It operates a website or app with more than 1 million monthly users and lets those users make accounts to create and share content. It isn’t a service that primarily lets users “post product reviews, business reviews, or travel information and reviews.” It’s controlled by a foreign adversary, a definition that covers North Korea, China, Russia, and Iran….

Read the full story at The Verge.

You May Also Like

Finance News

Photo by Victoria Song / The Verge Samsung is making the Galaxy Ring available to more people by adding size 14 and 15 rings...

Finance News

The Verge eBay has “signed a definitive agreement” to buy online automotive transaction platform provider Caramel to help make buying and selling vehicles on...

Stock News

In this exclusive StockCharts video, Joe demonstrates how to use the 1-2-3 reversal pattern as a buy signal on the weekly chart. This approach...

Finance News

Image: Adobe Adobe is launching new generative AI tools that can automate labor-intensive production tasks like editing large batches of images and translating video...



Disclaimer: financehightech.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.