That is misleading. What some in Congress want to do is require the company that owns Tiktok to create a US subsidiary, then the company gets to sell shares in the subsidiary and keep the money it gets from that sale. It could also keep the shares. As long as it owns the shares, it gets to collect all the profits made by the new US subsidiary.
Tiktok would get to continue operating in the US, which is more than fair IMHO given how harmful (addictive) Tiktok is: I'd be sorely tempted to shut it down, which would be a lot like stealing or confiscation (of revenue potential), but that is not the bill actually before Congress.
That is misleading. What some in Congress want to do is require the company that owns Tiktok to create a US subsidiary, then the company gets to sell shares in the subsidiary and keep the money it gets from that sale. It could also keep the shares. As long as it owns the shares, it gets to collect all the profits made by the new US subsidiary.
Tiktok would get to continue operating in the US, which is more than fair IMHO given how harmful (addictive) Tiktok is: I'd be sorely tempted to shut it down, which would be a lot like stealing or confiscation (of revenue potential), but that is not the bill actually before Congress.