ByteDance, the Chinese company that owns TikTok, is in talks to avoid being forced by President Donald Trump to sell the wildly popular social media app AFP/Olivier DOULIERYSAN FRANCISCO: Chinese Internet giant ByteDance is in talks with the US about ways it might avoid having to sell its TikTok operations here, the Wall Street Journal reported Wednesday .
The suit contends that Trump's order was a misuse of the International Emergency Economic Powers Act because the platform is not"an unusual and extraordinary threat." At least one of TikTok's major investors was part of a group that met recently with representatives from the Central Intelligence Agency to discuss data security, the Journal reported, citing someone familiar with the matter.
"And I said that the United States has to be compensated -- well compensated -- because we are the ones that are making it possible, and so we should be compensated."
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