US lawmakers set the nine-month deadline on national security grounds, alleging that TikTok can be used by the Chinese government for espionage and propaganda as long as it is owned by ByteDance.The Information, a tech-focused US news site, reported that ByteDance was looking at scenarios for selling TikTok without the powerful secret algorithm that recommends videos to its more than one billion users around the world.ByteDance denied it was considering a sale.
TikTok CEO Shou Zi Chew has said the company will take the fight against the new law to the courts, but some experts believe that for the US Supreme Court, national security considerations could outweigh free speech protection.Bullish investors The estimated valuations of TikTok are in the tens of billions of dollars, and any forced sale would present major complications.
Says 'No Plans' To Sell Tiktok After US Ban Law
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