The TikTok CEO's day in Congress was a 'disaster' that means the app will still likely get banned or sold, Wall Street says

Thu, 03/23/2023 - 15:52

TikTok's CEO Shou Zi Chew testified in front of Congress Thursday, but it did little to assuage lawmakers concerns about the social media app.

Matt McClain/The Washington Post via Getty Images; OLIVIER DOULIERY/Getty Images

TikTok CEO Shou Zi Chew testified in front of US Congress, amid calls for a forced sale or ban.
Lawmakers grilled the CEO about TikTok's ties to China and its content moderation policies.
The hearing did little to change the limbo in which TikTok currently exists in in America, analysts said.

TikTok's CEO Shou Zi Chew testified in front of Congress Thursday, as calls for a forced sale of its US business or a ban are on the rise.