TikTok Threatened With U.S. Ban if Chinese Owners Don’t Sell Stakes
The Biden administration has reportedly threatened to ban the use of TikTok in the US unless the popular video sharing app’s China-based owners sell their stakes.
Officials from the Committee on Foreign Investment — an interagency task force that assesses potential national security risks in business deals — recently made the demand to executives at TikTok owner ByteDance, the Wall Street Journal reported late Wednesday.
The ultimatum marks a major escalation in ongoing scrutiny of TikTok on Capitol Hill, where the app has faced bipartisan criticism over concerns that the Chinese government could improperly access the data of American users.
The maneuver also brings the Biden administration closer in line with the stance of former President Donald Trump, who pursued a TikTok ban in 2020. The ban was eventually blocked in federal court.
TikTok — one of the most popular social media apps, with more than 100 million users in the US alone — fired back at the report of a potential ban, arguing a sale would not address Congress’ concerns about national security risks. (Read more from “TikTok Threatened With U.S. Ban if Chinese Owners Don’t Sell Stakes” HERE)
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