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Transcripts For BBCNEWS Business 20240703

Lot of his access but part of the reason a lot of its axis are in crypto currency and it is valued very highly at the moment and in recent months it has really gone up. Assets. Experts are saying that it is rare in bankruptcy cases for customers to get all of their money back. In this case they might get more than 100 of their money back but that will still be a long way off because of these Bankruptcy Proceedings will take some time. Will take some time. Thank you very much will take some time. Thank you very much forgetting will take some time. Thank you very much forgetting up will take some time. Thank you very much forgetting up to very much forgetting up to speed with those developments. Staying with the us. The chinese owner of tiktok has said it will sue the Us Government over a new law which requires it to sell the Video Sharing Platform or be banned in america. The company has called the legislation an extraordinary intrusion on free speech rights. From new york, Michelle Fle

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Transcripts For BBCNEWS Business 20240703

For the first time in history, congress has enacted a law that subjects a single named Speech Platform to a permanent nationwide ban. The company also says that its not possible legally, technically or commercially to divest within that time frame. Part of the challenge is that with a billion users worldwide, a lot of its content is actually available across borders, making it all harder to unpick. The Usjustice Department declined to comment, but heres what White House Press secretary Karinejean Pierre had to say when asked about why President Biden continues to use tiktok for his political campaign. So as it relates to the campaign, and obviously other congressional members, they have to speak to themselves, the campaign has to speak to it, but weve been very clear what this law is is not a ban, it is a divestment. Tiktok s ceo shou zi chew, who appeared with his wife, vivian kao, at the met gala last night, is hoping tiktok s other recent First Amendment victories in the us, like bl

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Transcripts For BBCNEWS Business 20240703

Congress has enacted a law that subjects a single named Speech Platform to a permanent nationwide ban. The company also says that its not possible legally, technically or commercially to divest within that time frame. Part of the challenge is that with a billion users worldwide, a lot of its content is actually available across borders, making it all harder to unpick. The Usjustice Department declined to comment, but heres what White House Press secretary Karinejean Pierre had to say when asked about why President Biden continues to use tiktok for his political campaign. So as it relates to the campaign, and obviously other congressional members, they have to speak to themselves, the campaign has to speak to it. But weve been very clear what this law is is not a ban, it is a divestment. Tiktok s ceo shou zi chew, who appeared with his wife, vivian kao, at the met gala last night, is hoping tiktok s other recent First Amendment victories in the us, like blocking the state of montanas bi

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Who is TikTok CEO Shou Zi Chew's wife, Vivian Kao – who just attended the Met Gala with her husband as the China-owned social media platform faces a ban in the US?

Plenty of buzz surrounded the couple’s appearance – thanks in part to the legal battle between TikTok and US lawmakers, as the China-owned social media platform faces a ban in the North American country

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TikTok sues Biden administration over law forcing ban

TikTok sues Biden administration over law forcing ban
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