US Gives TikTok an Ultimatum: Sell or Wave American Market Goodbye
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US Gives TikTok an Ultimatum: Sell or Wave American Market Goodbye
TikTok might be on its way out of America if it does not separate from its ties to the communist Chinese government. After House Speaker Mike Johnson (R-AL) maneuvered to include a TikTok ultimatum in a bipartisan foreign aid package, President Joe Biden signed H.R.815 Wednesday. The foreign aid spending bill forces TikTok’s Chinese-controlled parent company, ByteDance to divest itself from TikTok, or risk being banned from the U.S. The legislation also penalizes app stores and web hosting...
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ByteDance would rather shut down US TikTok than sell it
TikTok owner ByteDance reportedly will not sell to a US firm if it is unable to convince a court to overturn President Biden's day-old law forcing a sale or ban. TikTok may be cease to be available in the US According to the bill signed into law by President Biden on April 24, 2024, TikTok owner ByteDance must either sell the platform to a US firm, or face a ban. The company has nine months to comply, with a possible three-month extension if a deal is in progress. According to...
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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...