TikTok ban would hit some users where it hurts — their pockets
CBSN
For Delyanne Barros a lot depends on the Senate's upcoming vote on a bill that would ban TikTok in the U.S. unless it splits from Beijing-based parent company ByteDance.
The 41-year-old personal finance and money coach, who built a financial consulting company from the ground up, said a ban of the popular social media app TikTok could potentially wipe out as much as 30% of her business overnight.
Barros, who goes by @delyannethemoneycoach on TikTok, isn't sure if she'd even be running her own business today were it not for the Chinese-owned app, which faces a potential ban if the proposed legislation, passed by the House on Wednesday, is enacted into law.
A new law aims to strengthen reporting requirements for technology companies to combat online predators seeking to exploit children. One dad told CBS News that he hopes the law will save children like his son, who died by suicide after becoming ensnared in a "sextortion" scheme when he was 17 years old.