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TikTok ban: 5 reasons why this analyst thinks nothing will happen before elections

March 12, 2024 9:30 AM EDT

Over the past week, a new legislative proposal to ban TikTok unless ByteDance divests its US operations has rapidly gained momentum on Capitol Hill. However, analysts at Wolfe Research are skeptical the bill will be enacted anytime soon.

The firm's view, provided in a note to clients this week, comes despite the bill being scheduled for a House floor vote tomorrow and the fact they "fully expect the House will pass the bill by large... More