No, they all collect the same level of blackmailable stuff. They shouldn't ban TikTok, they should ban all data collection and get rid of the third party doctrine altogether. But China is sort of an active adversary to the US right now so banning it is a heavy handed method that will probably mostly work to prevent mass indoctrination from a rival and also prop up ailing US social media companies. The US govt wants mass indoctrination and blackmail material on people, it just doesn't want China to have it.