We've not actually seen for sure that TikTok data is being passed to the Chinese government - supposedly the USA data is being kept separately. But we have certainly seen US data brokers gathering data from all over in the US and selling that on to any 3rd party (domestic government, as well as anyone else). Facebook has been caught more than once being in the business of leaking private data. I'm just surprised that the US gov did not leave this choice up to its citizens to choose on - the ideas of freedom of choice and speech seem to be rather dictated here now.
I'm just wondering if it is not more a case of the US gov has no control itself over TikTok (think US CLOUD Act) and this is what is irking them. I'm not in the US so one way or the other I don't really mind. What I do mind about though is that TikTok does not sell out to a US company. We really don't need one single country controlling all the mainstream social media platforms. US laws after all do not represent all of mankind, so some diversity is a good thing.
So I guess I'm rather for a "ban" than a "sell out".
You have guessed right. The US government had a massive hand in the creation of modern social media, such as a significant amount of funding for Facebook during its startup phase. The intelligence agencies are mad that they can't pull data from TikTok or influence its algorithms, on top of the American social media companies wanting to kill off their foreign competition as much as possible.
This bill has nothing to do with data privacy because if Congress cared about that they would've banned other platforms too. It's about control and unfair competition.