Leaving ByteDance could result in the company being sold or going public through an initial public offering, but Bloomberg says the move is seen as a last resort, citing sources familiar with the talks.
The TikTok ban in the US may have come about because of US officials’ concerns that the Chinese government could use the app to spy on Americans. All of this started during the Trump administration, but the Biden administration took the issue more vigorously as soon as it became known last year that China had accessed the private information of American users.
Source: Ferra
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