Reuters: ByteDance would prefer TikTok shutdown in the US instead of divesting

The US government approved the landmark national security package which was signed into law by President Joe Biden yesterday. The new regulation effectively gives TikTok parent company ByteDance an ultimatum to sell TikTok’s US business to a local company in the next nine months or face an effective ban on the platform.

Reuters is now reporting that ByteDance is not willing to sell off TikTok to a US company and would rather have its platform shut down. TikTok’s algorithms are deemed core to ByteDance’s operation making a potential sale of the platform non-viable. ByteDabce will appeal…

​ The US government approved the landmark national security package which was signed into law by President Joe Biden yesterday. The new regulation effectively gives TikTok parent company ByteDance an ultimatum to sell TikTok’s US business to a local company in the next nine months or face an effective ban on the platform.

Reuters is now reporting that ByteDance is not willing to sell off TikTok to a US company and would rather have its platform shut down. TikTok’s algorithms are deemed core to ByteDance’s operation making a potential sale of the platform non-viable. ByteDabce will appeal…   Read More GSMArena.com – Latest articles