The Winners and Losers if the U.S. Bans TikTok

In the five years since TikTok burst onto the scene as the hot video-sharing app, it has accumulated 150 million users in the U.S. It has given small businesses a new way to reach potential customers and caused anxiety among national-security experts and lawmakers in Washington.

TikTok’s future in the U.S., however, is uncertain: The Biden administration is demanding TikTok’s Chinese owners sell their stakes or face a possible ban of the app, The Wall Street Journal reported in mid March. TikTok has said a sale wouldn’t solve security concerns, and has instead proposed to the Biden administration a $1.5-billion plan that it says would silo its U.S. operations from China.