, is the most dramatic in a series of recent steps by US officials and legislators who have raised fears that TikTok’s US user data could be passed on to China’s government. ByteDance-owned TikTok has more than 100 million US users.
TikTok spokesperson Brooke Oberwetter told Reuters that the company had recently heard from the US Treasury-led Committee on Foreign Investment in the United States , which demanded that the Chinese owners of the app sell their shares, and said otherwise they would face a possible US ban of the video app.said 60 per cent of ByteDance shares are owned by global investors, 20 per cent by employees and 20 per cent by its founders.
TikTok said on Wednesday that “the best way to address concerns about national security is with the transparent, US-based protection of US user data and systems, with robust third-party monitoring, vetting, and verification.”
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