On the Clock: Exploring the TikTok Sale
The world of social media has rapidly evolved from a way to connect with friends to an integral component of global communication, commerce, and culture. Since 2010, social media platforms have consistently shaped daily life with individuals spending countless hours on their favorite platforms. Social media platforms such as Facebook, Instagram, and TikTok have amassed billions of users. With such influence comes heightened regulatory scrutiny over data privacy, national security, and corporate accountability. TikTok has drawn intense regulatory oversight due to its ownership by the Chinese company ByteDance, which has prompted fears of foreign influence and national security risks among U.S. regulators. The culmination of these concerns resulted in the passing of the Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA). Under the PAFACA, ByteDance is required to sell off TikTok’s U.S. operations. This compelled sale has sparked a debate over the balance between corporate autonomy, data governance, and national security. It has also raised broader questions about future industry-wide regulations, indicating that social media platforms may soon face heightened scrutiny and standardized requirements for data handling and corporate transparency.