TikTok says forcing Beijing-based ByteDance to sell shares in company would not help protect U.S. national security
TikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn’t help protect national security.
The Journal report cited anonymous “people familiar with the matter.” The Treasury Department and the White House’s National Security Council declined to comment. Congress passed the “No TikTok on Government Devices Act” in December as part of a sweeping government funding package. The legislation does allow for TikTok use in certain cases, including for national security, law enforcement and research purposes.
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TikTok dismisses calls for Chinese owners to sell stakesTikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn't help protect national security.
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TikTok says U.S. threatens ban if Chinese owners don't sell stakesThe Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday.
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TikTok says Chinese divestment wouldn’t solve national security concerns - National | Globalnews.caThe company was responding to a report that said the Biden administration was threatening a U.S. ban on the app unless its Beijing-based owners sell their stakes.
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