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Why does the ban on TikTok matter to so many people?
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Monopolization of social media is a bad thing. The two remaining largest social media companies have both publicly begun supporting far right narratives. (Meta and X)
So what it comes down to is really the possibility that the TikTok algorithm gets controlled. But that's a distraction. SCOTUS already decided that corporations have first amendment rights. So even if TikTok is controlling it's algorithm in that way, it has the right to do so. Either that or Hobby Lobby has to pay for birth control for it's employees.
If you're worried about national security then these billionaires publicly turning their platforms into international political machines would be a problem too. But they clearly aren't a priority.
So what's left other than racism and protectionism? The law is also absolutely unconstitutional because it mentions TikTok by name and that's a big nono. The Constitution bans that and requires that all laws are enforced equally specifically because the ability to single out one entity with legislation is breathtakingly corrupt.
If you don't like TikTok that's fine. But you need to realize what this law is capable of. After banning TikTok by name they can also point the finger at any other social media company (and a couple other sectors) and simply declare them to be controlled by a foreign adversary. Even if it's wholly owned by US Citizens.
They gave themselves the power to force a fire sale and you all cheered because they said TikTok.