Culture
Tik, Tik, boom: New bill leaves TikTok’s future in the balance

Tik, Tik, boom: New bill leaves TikTok’s future in the balance

3/14/24 7:00PM

Tok of the town

As you might have heard from news sites, broadcasters, or even TikTok’s CEO himself while scrolling through the app, the House of Representatives passed a bill on Wednesday requiring Chinese owner ByteDance to sell the platform or see TikTok face a total ban in the US.

While the legislation still faces plenty more hurdles before it becomes law, that hasn’t stopped global discourse regarding the future of the popular social media escalating, with an onslaught of phone calls overwhelming Capitol Hill offices and US investors poising themselves to buy the app should it be divested from its parent company.

Newsbytes

Although concerns about privacy and national security are the main driving forces behind the bill, larger questions about the role TikTok plays in the lives of the estimated one-third of Americans who use the app are now being thrust into the spotlight.

It seems that many TikTok users have moved on from filming themselves dancing to music clips — in fact, only a little over half have ever posted a video — and are increasingly using it to stay informed: surveys conducted by Pew Research found that last year, 43% of TikTok’s users regularly turned to the app to get their news, up 21% from 2020, as more traditional information sources like Facebook fell out of favor.

More Culture

See all Culture
Cartoon of family of five

The gap between America’s notion of the ideal family size and the actual reality is getting wider

Americans think somewhere around three kids is ideal. The fertility rate has some serious catching up to do.

Tom Jones9/10/25
US Powerball jackpot climbs to $1.7 Billion

Your upcoming Powerball loss is DraftKings’ gain

As the Powerball jackpot has stretched to $1.8 billion, users are flooding into DraftKings’ Jackpocket lottery app.

culture

Paramount and Microsoft’s Activision agree to partner on a “Call of Duty” movie

Less than a month after forming, Paramount Skydance has landed another major piece of intellectual property. The studio said it’s signed a deal with Microsoft’s Activision to create a live-action “Call of Duty” film.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.