The announcement came just ahead of the UK’s ban of the highly popular app from government phones, citing security concerns.
The Biden administration is threatening to ban TikTok in the United States if Chinese owners do not sell stakes. The announcement came just ahead of the UK’s ban of the highly popular app from government phones, citing security concerns.
The threat of TikTok being banned in the U.S. is not a new thing. The Trump administration tried to force a sale of the company in order for it to become U.S. majority-owned in 2020. That attempt was under the guise of national security as well, but it ultimately failed after TikTok and ByteDance fought to block a proposed federal ban. Now, the Biden administration seems to be following a similar path.
The news was reported by The Wall Street Journal, which it says came from people familiar with the matter. The demand for the sale comes from the Committee on Foreign Investment in the U.S. (CFIUS), a multi-agency federal task force that oversees national security risks in cross-border investments.
TikTok stated it was bolstering its compliance and security in the U.
