U.S. demands Chinese owners of TikTok sell stake to avoid ban of service: report

Canada News News

U.S. demands Chinese owners of TikTok sell stake to avoid ban of service: report
Canada Latest News,Canada Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

President Joe Biden’s administration has reportedly told Chinese owners of the popular video-clip sharing site TikTok that they must sell their stakes or...

President Joe Biden’s administration has reportedly told Chinese owners of the popular video-clip sharing site TikTok that they must sell their stakes or else face a ban in the U.S. TikTok is owned by Beijing-based ByteDance Ltd. Late Wednesday, The Wall Street Journal reported the Biden administration and the Committee on Foreign Investment in the U.S. have recently demanded the sale. Last week, Biden and a dozen senators from both sides of the aisle backed a bill that would allow the U.S.

... President Joe Biden’s administration has reportedly told Chinese owners of the popular video-clip sharing site TikTok that they must sell their stakes or else face a ban in the U.S. TikTok is owned by Beijing-based ByteDance Ltd. Late Wednesday, The Wall Street Journal reported the Biden administration and the Committee on Foreign Investment in the U.S. have recently demanded the sale. Last week, Biden and a dozen senators from both sides of the aisle backed a bill that would allow the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | U.S. Threatens to Ban TikTok if Chinese Founder Doesn’t Sell Ownership StakeWSJ News Exclusive | U.S. Threatens to Ban TikTok if Chinese Founder Doesn’t Sell Ownership StakeBreaking: The U.S. demanded that TikTok's Chinese owners sell their stakes in the company or face a possible ban of the app in the U.S.
Read more »

US TikTok May Split From Chinese Owner ByteDance to Avoid BanUS TikTok May Split From Chinese Owner ByteDance to Avoid BanTikTok may split from its Chinese parent company ByteDance, to help address U.S. concerns about national security risks.
Read more »

TikTok considering a divorce from Chinese owner, ByteDance: ReportTikTok considering a divorce from Chinese owner, ByteDance: ReportTikTok may split from its Chinese-owned parent company, ByteDance, to deal with privacy concerns in the U.S. about the video-sharing app.
Read more »

TikTok considering a divorce from Chinese owner, ByteDanceTikTok considering a divorce from Chinese owner, ByteDanceTikTok may split from its Chinese-owned parent company, ByteDance, to deal with privacy concerns in the U.S. about the video-sharing app.
Read more »

TikTok hires firm with close Biden ties as Chinese company ramps up lobbyingTikTok hires firm with close Biden ties as Chinese company ramps up lobbyingTikTok has hired a consulting firm with close ties to President Joe Biden’s White House as the Chinese government-linked company has ramped up its lobbying efforts amid largely Republican-led efforts to ban the social media app.
Read more »

Why Spotify wants to look like TikTok, with co-president Gustav SöderströmWhy Spotify wants to look like TikTok, with co-president Gustav SöderströmWhy Spotify wants to look like TikTok, with co-president Gustav Söderström, on this week’s DecoderPod
Read more »



Render Time: 2025-02-26 14:07:32