TikTok, the popular video-sharing app, is facing a potential ban in the U.S. due to national security concerns about the Chinese government’s ability to access U.S. user data through the app. Despite this threat, ByteDance, the Chinese parent company of TikTok, has declared that it will not sell the app in order to continue its operations in the U.S. This decision comes despite a law signed by President Biden that gives ByteDance one year to sell TikTok or risk being banned from the U.S.
ByteDance has released a statement on Toutiao, a news aggregation app it owns, refuting reports that it was exploring options to sell TikTok in the U.S. without its algorithm. The company clarified that these reports were false and stated that it has no plans to sell TikTok. ByteDance’s decision signals its intention to fight the ban rather than backing down.
If TikTok were to be sold in the U.S., it would likely be a different app from what users are familiar with today, as Chinese export rules would govern the transfer of the app’s algorithm. The TikTok algorithm has been a crucial element in the app’s popularity among users, and its loss would significantly impact its user base and revenue streams in the U.S. Meanwhile, TikTok has announced its intention to challenge the new law in court