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The Department of Commerce issued orders on September 18, 2020, to enact the ban on WeChat and TikTok by the end of September 20, 2020, citing national security and data privacy concerns. [ 145 ] [ 146 ] The measures ban the transferring of funds or processing through WeChat in the U.S. and ban any company from offering hosting, content ...
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The creators' suit said "because TikTok currently has approximately 170 million users in the United States, the fine for continuing to enable access to TikTok would be roughly $850 billion."
A new subsidiary, TikTok U.S. Data Security Inc. (USDS), was created to manage user data, software code, back-end systems, and content moderation. It would report to the Committee on Foreign Investment in the United States (CFIUS), not ByteDance or TikTok, even for hiring practices.