ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban

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ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
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The disclosures show how TikTok officials lobbied Congress and President Joe Biden’s executive office last quarter.

TikTok and its China-based parent company ByteDance combined to spend over $7 million so far this year to try and stall legislation that, if signed into law, could ban the social media app in the United States.

"This expenditure reflects work we do to educate policymakers about how legislation could affect our community of 170 million American users," a TikTok spokesperson said about the spend. The House passed its latest TikTok-tied legislation on Saturday, which, if signed into law, would give ByteDance about nine months to divest the social media app or it's banned in the U.S. Thepassed a similar bill in March that would have given ByteDance roughly six months to divest the TikTok asset but that legislation has since stalled in the Senate.The recent spending on in-house lobbying doesn't take into account other payments made to external consultants.

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