ByteDance Stands Firm on TikTok Ownership
Chinese tech giant ByteDance has declared that it will not sell TikTok despite facing pressure from a new US law.
US Lawmakers Set Nine-Month Deadline
US lawmakers have imposed a nine-month deadline on ByteDance to divest from TikTok due to national security concerns. The lawmakers claim that TikTok, under ByteDance’s ownership, could potentially be exploited by the Chinese government for espionage and propaganda purposes.
ByteDance’s Stance on the Issue
Despite the deadline and the allegations, ByteDance has made it clear that they have no intentions of selling TikTok.