[bonestamp2]

Yes, but the law specifically refers to companies that hold a broadcast license. Of course, the law was written in 1934 so they could challenge TikTok based not on the letter of the law but on the spirit of the law. But, case precedence is also not in their favor as they approved a 100% foreign ownership of a media company in 2017.

[RandomLensman]

I didn't mean to say that that law might apply here (no idea there), just that it seems to me possible at least in some situations to put limits on foreign ownership for certain mass media.

[bonestamp2]

I agree. I just meant that they might have some trouble with that when it comes to the legal framework to do so.

Most of our social media companies can't operate in China at all. Some of the US companies that do operate in China take on part ownership of their Chinese company from the Chinese government. It's unbalanced that we would allow TikTok to operate without more oversight or some US ownership/control.