ByteDance Refuses to Sell TikTok Despite Biden’s Ban

ByteDance, the Chinese owner of TikTok, plans to not sell the social media app despite a new law requiring divestment within 12 months or face a ban in the U.S. This decision was shared on Toutiao, a platform owned by ByteDance. President Biden signed the law and TikTok is prepared to fight it. U.S. lawmakers have concerns about data sharing with China. The Information published a rumor about ByteDance exploring a sale without the app’s algorithm, which ByteDance refuted. TikTok is banned in some countries and has ceased operations in Hong Kong due to Chinese laws.

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