A bipartisan bill was introduced earlier this month that could ban TikTok across the United States.
TikTok’s American leadership is exploring a potential split with Chinese parent company ByteDance as it comes under increasing scrutiny from lawmakers and regulators about the company’s links to the Chinese government, according toThe TikTok logo is displayed outside a TikTok office on August 27, 2020 in Culver City, California.TikTok is in legal limbo with the U.S.
A separation from ByteDance could lead to a sale or the company going public via an initial public offering, but Bloomberg reported the move is still seen as a last resort, citing sources with knowledge of talks.Key Background Talks of a TikTok ban over concerns the Chinese government might abuse the app to surveil Americans dates back to the Trump Administration, but they picked up steam last year after
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