As I understand the bill is solely focused with the national security implications of ByteDance being China-based, and not the social impacts of short form video platforms on mental health, attention span, etc. Good news for Instagram Reels.
I also wonder if this goes through, does this set a precedent for enforcing similar divestment expectations for any companies operating in China. Is this isolated to social media platform, or could this also eventually extend in to other industries like manufacturing?