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does not sell its stake within a year. our business reporter this morning monica miller has more on the story. monica, is the writing of the wall for tick—tock? the monica, is the writing of the wall for tick-tack? the senator is wall for tick-took? the senator is exnected _ wall for tick-took? the senator is exnected to _ wall for tick-took? the senator is expected to take _ wall for tick-tock? the senator is expected to take up - wall for tick-tock? the senator is expected to take up the - wall for tick-tock? the senator is expected to take up the billl is expected to take up the bill over the next couple of days. previously, president biden said of the bill lands on his deskit said of the bill lands on his desk it will sign it. lawmakers in the us are bitterly divided, especially going into this election year. however, on this particular issue, they have had bipartisan support. really, what is at the heart of the matter is tiktok owner by tech. they are concerned the us data from its users is being passed along to the chinese government. they are also awoke the chinese government is using this as a platform for its own propaganda. this site is used by many young people who rely on this as one of the main forms of information. if this bill is passed the owner will
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be forced to divest its state of the company. if not it will be banned. currently, this is what we're looking at in terms of the breakdown. bytedance holds about 20% stake in the country. 60% is owned by institutional investors. that us investment firms like cecil carter and the rest of the 20% is owned by employees around the world. china however says they are not going to sell their stake in this company and they are certainly are not going to hand over the technology behind it. monica, we know there _ technology behind it. monica, we know there are _ technology behind it. monica, we know there are a - technology behind it. monica, l we know there are a significant number of users in the us. there is plenty of state for tiktok. ~ ., there is plenty of state for tiktok. ~ . ., , there is plenty of state for tiktok. . ., ., , tiktok. what have they said? tiktok. what have they said? tiktok has — tiktok. what have they said? tiktok has come _ tiktok. what have they said? tiktok has come out - tiktok. what have they said? tiktok has come out again i tiktok. what have they said? tiktok has come out again asi tiktok has come out again as the bill has been bubbling along really incongruous for quite some time. they have said it will trample freedom of speech for its 170 million users. they have also pointed out there are millions of businesses that rely on the
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