President Donald Trump was preparing an order requiring the fast-growing social media app TikTok to be divested from its Chinese parent firm on ...
TikTok could be ordered divested from its Chinese parent firm under an order reportedly being prepared by US President Donald Trump. WASHINGTON: President Donald Trump was preparing an order requiring the fast-growing social media app TikTok to be divested from its Chinese parent firm on national security grounds, media reports said on Friday .
The Wall Street Journal and Bloomberg reported Trump was set to order the sale of TikTok's US operations by China-based Bytedance amid concerns the service could be used for Chinese intelligence.Other reports including one from Fox News said Microsoft was in talks to acquire TikTok, which could be valued in the tens of billions of dollars.
The move comes following a review by the Committee on Foreign Investment in the United States, which investigates deals affecting US national security.TikTok, which has become wildly popular, especially with young audiences viewing its short-form videos, has an estimated billion users worldwide."We're looking at Tiktok. We may be banning TikTok. We may be doing some other things," he said.
TikTok this week pledged a high level of transparency, including allowing reviews of its algorithms, to assure users and regulators. "We are not political, we do not accept political advertising and have no agenda - our only objective is to remain a vibrant, dynamic platform for everyone to enjoy," TikTok CEO Kevin Mayer said in post this week.
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