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The Biden administration has significantly increased pressure on ByteDance just days before TikTok’s CEO testified before Congress. The US government is now “requiring” that ByteDance sell TikTok. of wall street journal.
New demand, TikTok Reuters, is a major blow to a company that has spent more than two years with the Committee on Foreign Investment (CFIUS) about its future in the United States. These negotiations resulted in a comprehensive partnership with Oracle and other measures to protect the data of US users.
Now, CFIUS has reportedly told TikTok that it eventually wants ByteDance to sell its stake in the company. If not, the app could face a nationwide ban. Governments and governments recently introduced legislation that would make it easier for government officials to ban TikTok and other services deemed a threat to national security.
TikTok did not immediately respond to a request for comment.The company previously said the sale from ByteDance would not address underlying government concerns about data security. but, bloomberg report Earlier in the week, TikTok executives were “discussing the possibility of separating from ByteDance” if CFIUS negotiations failed.
Of course, this isn’t the first time the US government has tried to force ByteDance’s hand. Former President Donald Trump also tried to force TikTok to sell, but ultimately failed. But the latest threat of a blanket ban on the app is sure to put pressure on TikTok CEO Shou Zi Chew.
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