The parent company would rather shut down TikTok than put it in American hands

April 26, 2024 Tóth Balázs
Back
ByteDance expects to take legal action to prevent TikTok from being banned in the US, but even if that fails, it would not sell it.
The owner ByteDance would rather shut down TikTok than sell it, several sources told Reuters. The parent company wants to use legal means to prevent the otherwise loss-making video-sharing company from being banned in the US, but even if that fails, it would not sell it to the US.
Market Shorts - Newsfeed