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The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Great Plains Regional MLS. Real estate listings held by brokerage firms other than , are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.Copyright © 2024 Great Plains Regional MLS. TikTok already has a strong record in similar First Amendment battles. With 170 million users in the United States alone, TikTok would carry a high price tag, which few companies or individuals could afford.
North Jersey home built by founder of Time and Life magazines listed for $5.8 million
The sale would have to guarantee that ByteDance no longer has any control over TikTok or its algorithms that recommend content to users. It notes that about 60 percent of the company is owned by global institutional investors, including the financial giants Susquehanna International Group and BlackRock. According to the company, it has spent more than $1 billion on a plan that stores sensitive U.S. user data domestically on servers operated by Oracle, the American cloud computing company.
How the House Voted on Foreign Aid to Ukraine, Israel and Taiwan
This would be supplemented by a measure that prohibits web hosting companies from helping to distribute the app. If the bill passes the Senate and is signed into law by the president, it would impose civil penalties on app stores, like those operated by Apple and Google, if they distributed or updated TikTok. Support for a ban has been bipartisan, as Republicans and Democrats have both been concerned about China’s influence. “You’re not going to be able to force ByteDance to divest,” said James Lewis, a senior vice president at the Center for Strategic and International Studies.
Four-bedroom home in Los Gatos sells for $4.2 million
Luce bought the property in June 1933, a few weeks after arriving in the area to summer with his wife of 10 years, born Lila Ross Hotz, newspaper reports said. The two, who married the same year Luce launched the groundbreaking news magazine Time with Yale classmate Briton Hadden, spent that summer nearby. They rented the home of future New Jersey Racing Commission member William V. Griffin on Holland Road in Far Hills, just south of their new 420-acre spread, The Bernardsville News reported in June 1933. The estate, financed nearly 90 years ago by Luce, the founder of Time, Life, Fortune and Sports Illustrated magazines, is centered on a 13,820-square-foot stone mansion.
Washington County
The opposition to the Israel aid represented a minority of Democrats, but reflected the deep resistance to unconditional aid and the divisions in the party on Gaza. Representative Jamie Raskin of Maryland represented a notable new “no” vote among Democrats, and other standouts included Representatives Donald S. Beyer Jr. of Virginia, Earl Blumenauer of Oregon and John Garamendi of California. Even if ByteDance could find a buyer for TikTok, China might not let a sale occur. In 2020, when American officials first tried to force a sale of TikTok, Beijing placed export restrictions on technology that sounded similar to TikTok’s content recommendation algorithm. The government will probably need to make a strong case that ByteDance’s ownership of TikTok makes it necessary to limit speech because of national security concerns, the legal experts said. The measure is likely to face legal challenges, as well as possible resistance from Beijing, which could block the sale or export of the technology.
The bill, which would force TikTok’s Chinese parent to sell the popular social media app, faces a difficult path in the Senate. A bill that would force a sale of TikTok by its Chinese owner, ByteDance — or ban it outright — was passed by the Senate on Tuesday and signed into law Wednesday by President Biden. The overwhelming vote reflected broad bipartisan support for the measure, which passed the House on Saturday by wide margins after a tortured journey through Congress that was met with right-wing resistance.
Besides a sale, ByteDance could potentially pursue other options, like spinning off TikTok through an initial public offering. It “is not a foregone conclusion by any means” that China will allow a sale, said Lindsay Gorman, a senior fellow at the German Marshall Fund who specializes in emerging tech and China. Even if TikTok approaches a sale, the process of separating TikTok from ByteDance is likely to be messy. Private equity firms or other investors could form a group to raise enough money to buy TikTok. Former Treasury Secretary Steven Mnuchin said in March that he wanted to build such a group.
China’s Unpredictable Role
If forced to sell, it’s also unclear whether ByteDance would put the app’s entire global footprint up for sale or just its United States operation. House lawmakers on Wednesday approved legislation meant to force ByteDance, the Chinese internet company, to sell its wildly popular social media app TikTok. Only one narrower TikTok restriction has survived a court challenge. The governor of Texas announced a ban of the app on state government devices and networks in 2022 because of its Chinese ownership and related data privacy concerns. Professors at public universities challenged the ban in court last year, saying it blocked them from doing research on the app. A federal judge upheld the state ban in December, finding it was a “reasonable restriction” in light of Texas’ concerns and the narrow scope affecting only state employees.
Hot homes: 5 houses for sale in the Twin Cities starting at $325K - Axios
Hot homes: 5 houses for sale in the Twin Cities starting at $325K.
Posted: Fri, 19 Aug 2022 07:00:00 GMT [source]
But when Republicans, egged on by former President Donald J. Trump, rejected linking it to a bipartisan border deal, the Senate passed the foreign assistance package on its own in February and pressured the House to do the same. Some of the companies that could potentially afford to buy TikTok are tech giants like Microsoft, Google and Meta, the owner of Facebook and Instagram. But the Biden administration has tried repeatedly, using antitrust law, to block those companies from becoming bigger. Many are worried that the Chinese government could demand the personal data of Americans from ByteDance and that, under Chinese law, ByteDance would have to comply.
If ByteDance cannot or refuses to sell TikTok, it would be unlawful for app stores and web hosting companies to distribute or update the app in the United States. The Justice Department could punish any company that works with TikTok or offers its app for download. The bill essentially says that TikTok must be sold within six months to a buyer that satisfies the U.S. government.
TikTok’s case will probably lean on the First Amendment, legal experts said. The company is expected to argue that a forced sale could violate its users’ free speech rights because a new owner could change the app’s content policies and reshape what users are able to freely share on the platform. Congress passed the measure citing national security concerns because of TikTok’s Chinese ties. Both lawmakers and security experts have said there are risks that the Chinese government could lean on ByteDance for access to sensitive data belonging to its 170 million U.S. users or to spread propaganda. Selling just the U.S. app alone could prompt major issues, from how does the algorithm that suggests content to users function to whether it can display content from other countries.
Hotz maintained amicable relationships with her former husbands, most notably Luce, kept their last names and formed a bond with Boothe, said a biography kept by Harvard University's Schlesinger Library. Known as a socialite, Hotz had a wide social circle and backed a multitude of charitable causes, including the Berkshire Farm Center, the Henry Street Settlement and the Spence-Chapin adoption service. Hotz used the property as a weekend retreat, splitting her time between her Park Avenue apartment and Lu Shan, where her sons lived when they were not at boarding school. Not just a getaway, the property then held a fully functional and rather productive dairy farm, various newspaper reports said.
Other groups, like the American Civil Liberties Union, which has been a vocal opponent of the bill, may also join the legal fight. A spokeswoman for the A.C.L.U. said on Tuesday that the group was still weighing its role in potential litigation challenging the law. The issue could take months or even years to settle, during which the app would probably continue to function for U.S. consumers. For weekly email updates on residential real estate news, sign up here. Given the fast pace of the current market, some properties may no longer be available at the time of publication.
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