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ByteDance Would Rather Shutter TikTok in the US than Sell It
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ByteDance Would Rather Shutter TikTok in the US than Sell It

Just after a bill that could potentially ban TikTok in the U.S. became law, the platform’s Beijing-based parent company, ByteDance, publicly stated that it has no plans to sell. The law, which President Biden signed on Wednesday, gives ByteDance nine months to sell TikTok to an American buyer, with a possible three-month extension in the...

TikTok Ban Bill Becomes Law, Gives TikTok 9 Months To Sell
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TikTok Ban Bill Becomes Law, Gives TikTok 9 Months To Sell

The U.S. Senate passed a multi-billion dollar package on Tuesday that included foreign aid alongside legislation that forces TikTok to separate from its Beijing-based parent company within a year — or face a national ban. President Biden made the law official, signing it on Wednesday. Prompted by national security concerns, the bill gives TikTok’s owner...