Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Elon Musk says he opposes TikTok ban as bill returns to Capitol Hill By: FOX Business April 19, 2024 at 21:45 PM EDT Elon Musk said Friday he doesn't support a new proposed TikTok ban that was introduced by Republicans and could be voted on as early as Saturday. Elon Musk on Friday expressed his opposition to banning TikTok in the United States as another bill heads to Capitol Hill. "In my opinion, TikTok should not be banned in the USA, even though such a ban may benefit the 𝕏 platform," Musk, who owns X, wrote on the platform on Friday. "Doing so would be contrary to freedom of speech and expression. It is not what America stands for." This week, House Republicans unveiled a national security bill that includes a provision banning TikTok in the U.S. if its Chinese owner ByteDance doesn’t sell or sever its connections with the Chinese Communist Party.I'M ‘ABSOLUTELY’ INTERESTED IN JOINING MNUCHIN'S INVESTOR GROUP TO BUY TIKTOK: ROBERT HERJAVECThe bill gives ByteDance a year to cut its ties to the CCP and is included with a foreign aid package for Israel and Ukraine. It could be voted on as early as Saturday. Last month, the House passed a similar bill with bipartisan support, but faced pushback in the Senate. CHINA ORDERS APPLE TO REMOVE WHATSAPP, THREADS, OTHER APPS IN CENSORSHIP MOVE: REPORTOn Wednesday, Senate Commerce Committee Chair Maria Cantwell, D-Wash., said she now supports the legislation after ByteDance was given a year – instead of six months in the original bill – to separate from the CCP. "I’m very happy that Speaker Johnson and House leaders incorporated my recommendation to extend the ByteDance divestment period from six months to a year," Cantwell said Wednesday. "As I’ve said, extending the divestment period is necessary to ensure there is enough time for a new buyer to get a deal done. I support this updated legislation." GET FOX BUSINESS ON THE GO BY CLICKING HEREIn the past, Musk has called himself a "free speech absolutist," claiming it's one of the reasons he bought Twitter, which he renamed X. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Elon Musk says he opposes TikTok ban as bill returns to Capitol Hill By: FOX Business April 19, 2024 at 21:45 PM EDT Elon Musk said Friday he doesn't support a new proposed TikTok ban that was introduced by Republicans and could be voted on as early as Saturday. Elon Musk on Friday expressed his opposition to banning TikTok in the United States as another bill heads to Capitol Hill. "In my opinion, TikTok should not be banned in the USA, even though such a ban may benefit the 𝕏 platform," Musk, who owns X, wrote on the platform on Friday. "Doing so would be contrary to freedom of speech and expression. It is not what America stands for." This week, House Republicans unveiled a national security bill that includes a provision banning TikTok in the U.S. if its Chinese owner ByteDance doesn’t sell or sever its connections with the Chinese Communist Party.I'M ‘ABSOLUTELY’ INTERESTED IN JOINING MNUCHIN'S INVESTOR GROUP TO BUY TIKTOK: ROBERT HERJAVECThe bill gives ByteDance a year to cut its ties to the CCP and is included with a foreign aid package for Israel and Ukraine. It could be voted on as early as Saturday. Last month, the House passed a similar bill with bipartisan support, but faced pushback in the Senate. CHINA ORDERS APPLE TO REMOVE WHATSAPP, THREADS, OTHER APPS IN CENSORSHIP MOVE: REPORTOn Wednesday, Senate Commerce Committee Chair Maria Cantwell, D-Wash., said she now supports the legislation after ByteDance was given a year – instead of six months in the original bill – to separate from the CCP. "I’m very happy that Speaker Johnson and House leaders incorporated my recommendation to extend the ByteDance divestment period from six months to a year," Cantwell said Wednesday. "As I’ve said, extending the divestment period is necessary to ensure there is enough time for a new buyer to get a deal done. I support this updated legislation." GET FOX BUSINESS ON THE GO BY CLICKING HEREIn the past, Musk has called himself a "free speech absolutist," claiming it's one of the reasons he bought Twitter, which he renamed X.