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And I mean, it’s an interesting thing that ByteDance and TikTok have to grapple with. And then there is the chance that the Chinese government blocks this sale and says, you cannot do this, ByteDance. You can enter your zip code, and there’s a button that appears. And you can press it, and the call goes straight to your representative. — and lobby on the steps of the Capitol and meet with lawmakers. This morning, House lawmakers have agreed unanimously to move a bill to a full floor vote.
U.S. lawmakers have long worried that the Chinese government could use the app to spread propaganda.
But isn’t that just a function of the fact that TikTok, at this point, is the public square in the United States for young people? I mean, this is what young people were talking about, and this is where they’re doing the talking. That was actually written by Osama bin Laden, defending the 9/11 attacks and criticizing the United States’ support of Israel. TikTok users start trying to tie it to the modern day conflict. So within weeks of this hearing, this small group of lawmakers gets together.
Figure 3: The average rent annual inflation for England rises above the rate for Wales
It was unclear exactly how many students had been suspended. Hundreds of students, standing for or five people deep, encircled the encampment in a show of solidarity. And hundreds of students and others from around the campus have come out to support them.
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They go into vote, and they come out, and it’s 50 to 0 in support of the bill. So days after this bill is announced, a ton of TikTok users get a message when they open the TikTok app that basically says, call Congress and tell them not to ban TikTok. And so they’re trying to make it as rock solid as possible so that they can win in court when TikTok challenges this law.
Administrative data
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Each subsequent month, updated Northern Ireland data are used to revise estimates for the UK. This means that there is a two-month revision period for the UK series in PIPR. By chain-linking the IPHRP (pre-2015) and PIPR (2015 onward) indices together, we have published a full historical series for the UK, Great Britain, its countries and English regions.
And the court fight to follow will determine the fate of TikTok’s future in the US. And he said that this law infringes on the First Amendment free speech rights of Americans who love it and who use it every day. So bottom line here — selling TikTok is quite complicated, and perhaps not even possible for these reasons that you’re giving, right? I mean, not least of which because the Chinese government might not allow the algorithm to leave the country. And that’s not something that the US Congress has a lot of control over.
But analysts estimate that it will cost tens of billions of dollars. Regulators would say, you already own these big apps. So the bottom line here is that the clock has started on this potential sale, right? Yeah, no one’s coming to pick up your phone and to forcibly delete this thing. What the law says is that app stores and web hosting services wouldn’t be allowed to carry TikTok anymore.
So basically, it would kind of die a slow death over time, where it wouldn’t be updated and just kind of peter out. I mean, people would still have the app on their phones, right? TikTok has pushed back really forcefully against these accusations. They said that Gallup polls show that young people view Israel differently than older generations.
They are currently walking around in a picket around the encampment. 00 PM deadline for protesters to clear out of the encampment at the center of Columbia University has come and gone, and there’s still quite a large contingent inside the encampment. And the legal experts that I’ve spoken with say this is a really big and sticky area of the law, and it’s a huge case. And they really think that this will go to the Supreme Court, regardless of who wins in the first round of this. So it’s very clear that TikTok plans to challenge this law in court.
Since UK rents have been rising at a record-high pace for more than a year, this has led to a sharp increase in the estimated rent price for Brent recently. The PIPR and the IPHRP use the same administrative rent price data. The PIPR also uses administrative property attributes data. More detail is available in our Quality assurance of administrative data used in the PIPR methodology. In March 2024, the average private rent was highest in Kensington and Chelsea, London (£3,305), and lowest in Dumfries and Galloway, Scotland (£475).
UK monthly rent estimates for the latest two months and UK HPI estimates for the latest 12 months are provisional and subject to revision. All statistics are non-seasonally adjusted estimates, unless explicitly stated otherwise. I mean, the company is really approaching this with the idea that the First Amendment rights of Americans are being infringed on.
Because of this imbalance, their respondents continue to expect rents to rise over the coming months. What this law really does is it puts the future of this hugely popular app with 170 million American users into question. TikTok has reshaped the way many people listen to music. Zumper is an excellent rental website and has an average of 7 million monthly users.
To produce provisional UK statistics, Great Britain's inflation rate for the latest two months has been used to estimate Northern Ireland's inflation rate in this period. For more information, see our Measuring the UK housing market blog post. Average UK private rent increased by 9.2% in the 12 months to March 2024 (provisional estimate). This was up from 9.0% in the 12 months to February 2024 (revised estimate) and represents the highest annual percentage change since this UK data series began in January 2015. Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. Average private rent for Wales was £727 in March 2024, up 9.0% (£60) from a year earlier.
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