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TikTok owner ByteDance reportedly will not sell to a US firm if it is unable to convince a court to overturn President *****’s day-old law forcing a sale or ban.
TikTok may be cease to be available in the US
TikTok may be cease to be available in the US
According to the bill signed into law by President ***** 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 Reuters, four unspecified sources say that ByteDance will not either sell TikTok or divest itself from the platform. The sources say that key to the issue is that selling the platform would require ByteDance to also sell the algorithms that power both TikTok and the company’s other businesses.
Go Here to Read this Fast! ByteDance would rather shut down US TikTok than sell it
Originally appeared here:
ByteDance would rather shut down US TikTok than sell it
