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Chinese owner denies it’s willing to sell TikTok as US ban looms
By Laura He, CNN Hong Kong (CNN) — TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social media platform, its first official response on the fraught issue since President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. “Foreign media
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X owner Elon Musk says opposed to US ban of competitor TikTok
Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress.The US House of Representatives is set to vote on Saturday on a bill that would force TikTok to divest from Chinese parent company ByteDance or face a nationwide ban.The measure, which has the vocal backing by many Democrats and Republicans, has also been written into a...
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TikTok owner ByteDance reportedly would rather shut down app than sell it as it faces US ban
TikTok owner ByteDance reportedly would rather shut down the popular video-sharing app than sell it if the Chinese-based company exhausts all legal options to fight a US ban – despite growing interest from American buyers for the platform. The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would