ByteDance, the parent company of TikTok, has announced that it will not sell the popular video sharing app in order to continue its operations in the US. This decision comes despite a potential ban that the company faces under a law signed by President Biden on Wednesday.
Included in a foreign aid package signed by Biden, the law gives ByteDance up to a year to sell TikTok or face a ban on operating in the US. This move was prompted by national security concerns that the Chinese government could force TikTok to share user data from the US.
However, ByteDance is standing firm in its decision not to sell the app. The company released a statement on its news aggregation app Toutiao refuting reports that it was exploring options to sell TikTok in the US without its algorithm.
ByteDance made it clear that there are no plans to sell TikTok, even if it were to be acquired by another company in the US. This is due to Chinese export regulations that would likely restrict the transfer of the app’s algorithm, which has been a key factor in its popularity.
TikTok announced that it would take legal action against President Biden’s order and challenge it in court. Previous attempts to ban TikTok, both during the Trump administration and at state level, have been blocked by courts.
Given this uncertainty surrounding TikTok’s future in the US, ByteDance is prepared to defend its position and keep running its popular app for users.
ByteDance has always been aware of national security concerns regarding China’s access to sensitive data through apps like TikTok and Douyin (the Chinese version of TikTok). However, ByteDance has repeatedly stated that they do not collect such data from their users outside China.
Despite this reassurance from ByteDance, there are still concerns about national security issues with apps like TikTok and Douyin operating within American borders.
The ongoing legal battle between ByteDance and American authorities highlights how these issues can create tension between countries looking for greater economic cooperation while also seeking protection for their national security interests.
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