TikTok faces ban if Chinese parent company doesn't sell stake, US demands sale.

1 min read
Source: CNBC
TikTok faces ban if Chinese parent company doesn't sell stake, US demands sale.
Photo: CNBC
TL;DR Summary

The US has asked TikTok's Chinese parent company ByteDance to sell its stake in the short video app or face a possible ban in the US due to national security concerns. TikTok has repeatedly stated that US user data is not stored in China where those laws apply. The company has sought to assure US lawmakers that American user data is safe by moving all of its US user traffic to Oracle's cloud and giving Oracle the ability to inspect some of the app's code.

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