TikTok: Chinese parent firm ByteDance says no plans to sell app
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ByteDance says ‘no plans’ to sell TikTok after new US law threatens ban
Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States. US lawmakers set the nine-month deadline on national security grounds, alleging that TikTok can be used […]
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ByteDance would shut down TikTok in US rather than sell it, sources say
App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikelyByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US, four sources said.The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would make a sale of the app with algorithms highly unlikely, said...
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Biden will ban TikTok unless Chinese owner ByteDance sells it
After a vote in the Senate tied to foreign aid late on Tuesday, President Biden will sign into law a requirement for ByteDance to sell or divest its TikTok platform within a year. TikTok could be banned in the US The combination bill including a potential TikTok ban was approved first by the House of Representatives, and now also by the Senate. President Biden says he will sign it into law on Wednesday, April 24, 2024. According to Reuters, the legislation mandates that TikTok will be...