TikTok's parent company, ByteDance, would rather face a full shutdown in the U.S. than divest itself of the app and sell its algorithm once all reasonable legal options are exhausted, Reuters reports. The report comes after U.S. President Joe Biden signed omnibus foreign aid package containing provisions requiring ByteDance to divest itself from TikTok within nine months, as well as a ban on data brokers sending U.S. citizens' sensitive data to foreign adversaries.
26 April 2024
ByteDance prefers US TikTok ban over divesture
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