For the Biden administration, TikTok has become a giant test of how to regulate a formidable and wildly popular cultural phenomenon while navigating the contours of US-China relations and grappling with the new reality of an internet that American firms no longer dominate.
Federal officials have spent months negotiating a national security agreement that could reshape how the company operates in the US But all of it could get blown up in an instant if Republicans retake Congress next month — or if Chinese government officials in Beijing balk at a deal.
Related: Skadden Won’t Represent TikTok In Meta Antitrust Lawsuit
The US has failed to pass major social media regulations governing domestically run platforms that are committed, at least nominally, to American attitudes about freedom of speech. Now, the industry’s biggest hit in years comes from an authoritarian country with a radically different ideology on civil liberties and media control — and Washington is once again stalled on how to proceed.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI