TikTok mulls split from ByteDance amid US ban threats.
The Biden administration is pressuring TikTok's Chinese owners to sell their stakes in the app or face a potential U.S. ban due to concerns over national security. This marks a significant change in policy and comes after criticism from some Republicans who believe the administration has not done enough to address the perceived threat posed by the app, which is owned by Beijing-based ByteDance Ltd. TikTok has said it is willing to isolate its U.S. operations and store all data in the U.S.