The US authorities is attempting to drive ByteDance to promote TikTok

The Biden Administration is considerably growing strain on ByteDance simply days earlier than TikTok’s CEO is about to testify in entrance of Congress. The US authorities is now “demanding” that ByteDance promote TikTok, in response to a in The Wall Road Journal.

The brand new demand, which TikTok Reuters, is a serious blow to the corporate, which has spent greater than two years with the Committee on International Funding in the US (CFIUS) over its future within the nation. These negotiations resulted in a sweeping partnership with Oracle and different measures meant to safeguard US customers’ information.

Now, CFIUS has reportedly advised TikTok that it desires ByteDance to promote its stake within the firm in any case. If it doesn’t, the app may face a nationwide ban. The and the have each not too long ago launched payments that may make it simpler for presidency officers to ban TikTok and different providers deemed to be a nationwide safety menace.

TikTok didn’t instantly reply to a request for remark. The corporate has beforehand said that divesting from ByteDance wouldn’t tackle the federal government’s underlying issues about information safety. Nevertheless, Bloomberg reported earlier within the week that TikTok executives have been “discussing the potential for separating from ByteDance” if the CFIUS talks have been to fall via.

After all, this isn’t the primary time the US authorities has tried to drive ByteDance’s hand. Former President Donald Trump additionally compel TikTok to promote itself, however was finally unsuccessful. The most recent threats of a complete ban on the app are, nonetheless, certain to amp up strain on TikTok CEO Shou Zi Chew, who is about to make his first Congressional look .

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