That’s a thoroughly disingenuous spin on the reasoning.
There is no movement to prevent foreign companies from having popular apps in general. The law is narrowly targeted. TikTok could continue to be foreign-held as long as they separated from the government of a specific foreign country.
I’m amazed at how many commenters are twisting themselves into pretzels to try to make this some generic imperialist move or use whataboutism to downplay the reasoning behind this move.
A decade ago it was common knowledge on the internet that China heavily controlled and shaped internet discourse within their reach, to push government agendas in an extreme way. There is no parallel to their cultural control in the US. Did everyone suddenly forget this, or are they just ignoring it for the sake of argument?