TikTok Prefers Shutdown Over US Sales

According to the New Source, ByteDance Company, A Chinese company and the owner of TikTok, would reportedly choose to shut down the application and website in the US mainland rather than sell it.

if all legal avenues to fight a potential US ban fail according to a new report. If the bill requiring that TikTok be sold or shuttered holds up in court, the social media company is likely to choose the latter option, Reuters reports, citing anonymous sources

The Information reported that ByteDance company, owner of the TikTok app is exploring selling a majority stake in TikTok US, preferably to a non-tech company, and ideally without TikTok’s recommendation algorithms.

Sources indicate that ByteDance views TikTok’s algorithms, essential to its operations, as core assets, making a sale of the app along with its algorithms highly improbable. ByteDance responded, saying that the Chinese company has no plans to sell TikTok.

TikTok’s algorithms are core to ByteDance’s overall operations. the company said.

Writer: Admin