Federal regulators are ramping up the pressure on TikTok, amid national security concerns.
Topline
Federal regulators recently threatened to ban TikTok in the United States if its China-based owners don’t sell their stake in the company, the social media platform told multiple news outlets Wednesday, a dramatic escalation as U.S. officials scrutinize the fast-growing social network for national security and data privacy concerns.Key Facts
The ultimatum was made by the Committee on Foreign Investment in the U.S. (CFIUS), a government agency with the power to review some investments on national security grounds, the Wall Street Journal and reported, citing unnamed sources.
