TikTok Faces Washington Reckoning as Divest-or-Ban Vote Nears
TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve a bill aimed at forcing the social-media platform’s Chinese parent <-bsp-bb-link state="{"bbHref":"bbg://securities/1774397D%20CH%20Equity","_id":"0000018e-ee61-d583-afbf-eefdbe260000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">ByteDance Ltd.-bsp-bb-link> to divest its controversial ownership stake.