Barstool Sports founder and president Dave Portnoy said it's hard to understate the importance of TikTok for Small businesses and content creators While lawmakers consider the social media platform's next steps.
“I'm very concerned about the number of people making a living. It's huge. You can't underestimate that. And just to take it away — and you have people investing in meta writing invoices, it's all very overwhelming.” He said Tuesday on “The Will Cain Show.”
TikTok disappeared in the United States late Saturday night after the app was launched in China Parent company ByteDance It failed to sell the platform to an American buyer.
A TikTok ban message appears on the mobile screen along with the TikTok logo on the tablet screen, as seen in this illustration. Taken in Brussels, Belgium, on January 19, 2025. (Jonathan Ra/Siba USA)
President Donald Trump, who backed a TikTok ban in 2020, signed an executive order on his first day in office on Monday, giving it a 75-day extension to continue operating in the United States.
House Select Committee Chairman John Moolenaar, R-Mich., wrote an op-ed An editorial explaining the next steps For TikTok.
Senator calls TikTok a 'weapon', says American people 'need to know the horrific truth' about it
“TikTok's attempts to blame the government are disingenuous. The law is not a ban, and Congress has given TikTok a direct path to continue operating: sever ties with the Chinese government, and the restrictions will be lifted immediately,” Moolenaar wrote. “When the law was enacted last April, Congress gave ByteDance, TikTok’s Chinese parent company, 270 days to sell its stake and relinquish control of the platform.”
“But even as US buyers line up to make an offer, ByteDance has refused to discuss the possibility of a sale. In a surprising move, the company appears ready to watch its reports A US operation worth $50 billion He continued: “The flames are burning instead of complying with the law’s simple requirements of divestment.”
The TikTok logo is displayed on a smartphone in this illustration taken on January 6, 2020. (Reuters/Dado Rovik)
In a video posted on YouTube, Portnoy said the TikTok debate reminded him of the early days of the Covid-19 pandemic when the government told businesses not to open because they had to “protect you.”
“There are a lot of creators and small businesses who have worked for years, for years to build their livelihoods, their careers on TikTok. You finally become successful and the government says, 'Pop! Sorry, cut your legs off. You're done.'” “, he said in the video.
Portnoy told Fox News host Will Kaine that he doesn't trust any social media network, and admitted he doesn't know much about how this happened. CCP uses the application To collect user information.
FILE – This February 25, 2020 file photo shows the TikTok icon in New York. President Donald Trump will order Chinese company ByteDance to sell popular video app TikTok over national security concerns, according to reports published on Friday, July 31, 2020. “We're looking at TikTok,” Trump told reporters Friday at the White House. “Maybe we'll ban TikTok.” (Photo/AP File) (Photo/AP File)
“The Secret Service didn't tell me everything that worried them. I kind of picked up on the misinformation. Espionage? I don't know. I'm just a regular guy sitting here.” Searching on TikTok They ask what they are talking about?” he explained.
Trump wrote on Truth Social over the weekend that he would like to see The United States has a joint venture between the current owners and/or new owners whereby the United States acquires 50% ownership in a joint venture established between the United States and any purchase of our choosing.”
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He added that without US approval, “there is no TikTok.” “With our approval, it is worth hundreds of billions of dollars, perhaps trillions.”
