ByteDance, the Chinese owner of TikTok, reportedly prefers shutting down the popular video-sharing app in the United States rather than selling it, according to sources familiar with the matter.
This decision comes after President Joe Biden signed a bill into law that could potentially ban TikTok in the US if ByteDance does not divest its ownership of the platform. The move reflects ByteDance’s stance amid increasing scrutiny over national security concerns related to the app’s data practices.
The Times of India highlights the potential retaliatory measures China might take in response to the TikTok ban in the US. Meanwhile, BBC.com reports that ByteDance has explicitly stated to US authorities that TikTok will not be sold.
In light of the bill signed by President Biden, CBS News discusses what could happen next, emphasizing the uncertainty surrounding the fate of TikTok in the US.
TechCrunch provides a detailed overview of how the situation has unfolded, from the initial threat of a ban to the recent legislative actions. The article underscores the complexities involved in the potential sale of TikTok and its implications for users and the broader social media landscape.
Concerns over TikTok’s data handling practices have been longstanding. The Guardian delves into why the US is considering banning TikTok and speculates whether other countries will follow suit.
Congressman Raja Krishnamoorthi, via Twitter, lauds the bill signing as a victory for American national security, while Brian Roemmele shares an article discussing the ban and its potential impact on ByteDance.
Jonathan Cheng of The Wall Street Journal highlights internal documents showing ByteDance’s organizational structure and the global implications of the US ban on TikTok.
Furthermore, Hindustan Times and The Guardian explore TikTok’s valuation and ByteDance’s potential decision to shut down the app rather than sell it.
Amid these developments, TikTok has vowed to fight the new US law in court, as reported by NDTV, emphasizing that it sees the legislation as a ban rather than a divestment requirement.
Reuters.com provides exclusive insights into ByteDance’s stance, suggesting that the company is exploring legal options but would opt for shutting down TikTok in the US if necessary.
The Information reports that ByteDance is exploring scenarios for selling TikTok without transferring its valuable algorithm, while Business Today outlines Biden’s bill and its implications.
As the situation unfolds, it remains uncertain who could potentially acquire TikTok and what the future holds for the platform and its users. CNN examines potential buyers, while Bloomberg discusses China’s limited options in fighting the US over TikTok.
The Economic Times, Deccan Herald, and others provide analyses and explanations of the US bill and its implications, drawing parallels with India’s previous ban on TikTok.
With the clock ticking, Forbes predicts that TikTok’s legal battle is just beginning, while Al Jazeera English discusses the uncertainties surrounding the app’s future.
In conclusion, as TikTok faces an uncertain future in the US, the global tech community watches closely, pondering the potential impact on social media and international relations
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