The U.S. House of Representatives passed a bill requiring TikTok's parent company, ByteDance, to divest its holdings or face a U.S. ban. This could benefit rival social media platforms like Meta Platforms, Alphabet's YouTube, and Snap Inc, as TikTok users may migrate to these platforms. The bill now moves to the Senate, and if passed, ByteDance has five months to comply. The potential ban could remove TikTok from Apple and Alphabet's app stores, affecting future downloads and updates. Several members of Congress, who own stock in these social media companies, voted in favor of the bill, raising conflict of interest concerns.