The Biden Administration has reportedly told TikTok executives that the service could be banned completely in the US if China does not sell its stake in the firm.
The Biden Administration has reportedly told TikTok executives that the service could be banned completely in the US if China does not sell its stake in the firm.
The long-running tensions between the US and social media platform TikTok have already seen President Trump signing an executive order requiring the firm to be sold. That was beaten in the courts, but pressure toward a ban hasn’t ceased.
According to the Wall Street Journal, unnamed sources say that the Committee on Foreign Investment in the US (CFIUS) made the demand that Chinese owners sell their shares in TikTok. TikTok is owned by the Beijing-based firm of ByteDance, but TikTok says 60% of the shares of that firm are owned by global investors.
