U.S. Lawmakers are wasting time on TikTok: Strategist
After questioning TikTok CEO Shou Zi Chew on Capitol Hill last Thursday, lawmakers say they are moving forward with a bill that would ban the app in the U.S. Brendan Ahern, KraneShares CIO, joined Yahoo Finance to discuss the possibility of a TikTok ban.
Ahern told Yahoo Finance that the focus on TikTok seems like a distraction, saying "we have three banks that have failed in just over the course of a few short weeks, we've got a debt ceiling crisis on the horizon and we're worried about dancing teenagers."
He went on to say that a legislation for a ban would likely fail in the court due to the first amendment. "This legislative move to ban a company just because of it happens to be owned by a company in China. It just seems like we've kind of forgotten the Constitutional rights here," Ahern told Yahoo Finance,
Watch the full interview with Seana Smith and Dave Briggs here.
Key video moments:
00:00:02 On issues in U.S. outside of TikTok
00:00:30 On the fate of TikTok legislation
00:00:58 "ByteDance on their board sits a major U.S. private equity firm"
00:01:05 On TikTok ban hurting investors