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Donald Trump to order China's ByteDance to sell TikTok in US

President Donald Trump plans to announce a decision by Friday ordering China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based music-video app TikTok. The U.S. has been investigating potential national security risks due to the company’s control of the app. Bytedance bought Musical.ly Inc. in 2017 and merged it with TikTok, creating a popular and fast-growing social media hit in the U.S -- the first Chinese app to make such inroads. As TikTok grew more popular, U.S. officials grew more concerned about the potential for the Chinese government to use the app to gain data on U.S. citizens.

Read More at The Economic Times News date : 1 Aug 2020, Saturday

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