Barstool Sports founder Dave Portnoy expresses alarm over the potential consequences of TikTok's future for small businesses and creators, questioning the motives behind lawmakers considering its fate. The app's operations in the U.S. have been suspended after its parent company, ByteDance, failed to find a U.S. buyer. Portnoy draws parallels between TikTok's situation and the early days of the COVID-19 pandemic, when businesses were forced to close. He also confesses to limited knowledge about how the Chinese Communist Party might be using the app.
Barstool Sports founder and president Dave Portnoy expressed deep concern over the potential impact of TikTok's uncertain future on small businesses and content creators . He voiced his worries during an appearance on 'The Will Cain Show,' stating, 'I'm very concerned about how many people earn a living. It's huge. You can't underestimate that.' Portnoy questioned the motives behind lawmakers considering the platform's fate, particularly those with ties to Meta, TikTok's competitor.
He remarked, 'And just to cut it out – and you got people who are investing in Meta writing the bills, it's all pretty confusing.'TikTok's operations in the United States faced a sudden halt late Saturday night when its parent company, ByteDance, headquartered in China, failed to secure a sale to a U.S. buyer. This followed President Donald Trump's 2020 stance supporting TikTok's ban, which culminated in an executive order on his first day back in office, granting a 75-day extension for the app to continue operating within the U.S. John Moolenaar, Chairman of the House Select Committee on the Chinese Communist Party, outlined the next steps for TikTok in an op-ed, stating, 'TikTok’s attempts to blame the government are deceiving. The law is not a ban, and Congress gave TikTok a straightforward path to continue operating: Sever ties with the Chinese government, and the restrictions will be immediately lifted.'Moolenaar emphasized that when the law was enacted last April, Congress provided ByteDance, TikTok's parent company, with 270 days to divest its stake and relinquish control of the platform. However, despite American buyers expressing interest in acquiring TikTok, ByteDance has reportedly remained unwilling to engage in sale discussions. Moolenaar further expressed, 'In a move that is raising eyebrows, the company appears willing to watch its reportedly $50 billion U.S. operation go up in flames rather than comply with the law’s simple requirement to divest.' Portnoy, in a video posted to YouTube, drew parallels between the TikTok debate and the early days of the COVID-19 pandemic, when businesses faced closures due to government mandates. He lamented the potential impact on creators and small businesses who had invested years in building their careers on the platform. 'There are so many creators, small businesses who have worked for years, for years to build their livelihoods, their careers on TikTok. You finally become successful and the government is like, boop! Sorry, cut your legs out. You're done,' he stated. Portnoy confessed to Fox News host Will Cain that he harbors a general distrust of all social media networks and acknowledged his limited understanding of how the Chinese Communist Party might utilize the app to gather user data. He explained, 'I don't have the Secret Service telling me everything they're worried about. I get the disinformation to a degree. The spying? I don't know. I'm just a common dude sitting here looking on TikTok and asking, what are they talking about?'
Business Politics Tiktok Dave Portnoy Barstool Sports Bytedance US Ban Content Creators Small Businesses China Donald Trump
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