Biden Administration Tells TikTok’s Chinese Owners to Sell Their Stakes in the App
Biden Administration Tells TikTok’s Chinese Owners to Sell Their Stakes in the App or Face a Possible U.S. Ban
The Biden administration is threatening a potential ban on TikTok in the United States if the video sharing app’s Chinese owners refuse to sell their stakes in it, a source close to the company told NBC News on Thursday (March 16).
The source, however, cautioned that the company did not see the administration’s move as a final order.
Talks between TikTok and U.S. government officials have been going on for years.
The administration’s demand, first reported by The Wall Street Journal, signals a significant shift in the U.S. stance toward Beijing-based ByteDance Ltd., which owns the popular app.
The White House and the Treasury Department declined to comment.
Sources:NBC News
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