bytedance

The bill passed 360-58 marks the latest defeat for TikTok in the US, as the social media company with 170 million users in the US fights for survival

The bill was passed with a overwhelming majority, supported by both Democrats and Republicans. The bill still needs to be cleared by the Senate and get approved by the President to become a law in USA.

ByteDance's acquisition of Pico, a Chinese startup making VR headsets triggered a new competition with Meta, whose Instagram and Facebook services have been battling for users and advertising dollars against TikTok as the short-video app soared in popularity.