TikTok warns ban in Australia will destroy businesses and damage economy

TikTok is warning Australia a ban similar to what is being considered in the US will destroy many businesses and damage the economy. President Joe Biden has signed a bill that will lead to a nationwide ban on the social media platform unless its Chinese-owned parent company sells it. There are concerns a ban would harm businesses as many use the app for marketing purposes. TikTok is currently banned from Australian government devices. The company claims extending it to public devices could cost the economy billions.