TikTok will not be sold, Chinese parent tells US

[BumRushDaShow]

Source: BBC

8 hours ago


TikTok's Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America.

"ByteDance doesn't have any plans to sell TikTok," the company posted on its official account on Toutiao, a social media platform it owns.

TikTok did not immediately respond to a request for comment from the BBC. Earlier this week, TikTok said it would challenge in court the "unconstitutional" law.

The statement from ByteDance came in response to an article by the technology industry website The Information that said it was exploring the potential sale of TikTok’s operation in the US without the algorithm that powers it. "Foreign media reports of ByteDance selling TikTok are not true," the company said in the post, which included a screen shot of the article with the Chinese characters meaning "false rumour" stamped on it.

Read more: https://www.bbc.com/news/articles/c289n8m4j19o

[Freethinker65]

1. China will see how this plays out politically.

A buyer meeting US demands will emerge after the U.S. election.

[womanofthehills]

14. TicToc says they have a US led safety team

https://www.tiktok.com/@user676512374/video/7359690672208727297?_t=8lrYOjmsQnr&_r=1

TicToc is worth 50 billion & contributes billions to US economy. A pretty
American woman , Suzie Loftus, is the head of Trust & Safety in US.

[walkingman]

2. Why should they follow the law? No one in America does except us peons.

[LonePirate]

3. The company could be sold for 10-11 figures easily. Maybe even 12 figures.

If it is not about the money, then what is it? Pride of ownership?

[mitch96]

11. Musk? Zuckerberg? Google?...I think china is betting on the rage of the youth...nt

[womanofthehills]

15. The company is valued at 50 billion

Each yr - it grows in the billions -

[PortTack]

4. Why would they...seriously! TikTok is huge. America only represents 2% of their business!

This was such a stupid move on our part. Of course, the gqp tied it to the Ukraine aid bill. The gqp will tie this around President.biden’s neck and the Dems.

[LuvLoogie]

5. Yep. This legislation is Steve Scalise's baby. Yeah THAT wing of the hill.

The Dems got duped.

[BumRushDaShow]

8. "The Dems got duped."

I doubt that.

The Senate originally passed their version of the bill back in February without that but also with border security measures and Johnson sat on it, eventually breaking it into pieces and amending the gist of it to what became the final bill that is now law.

Anything that is "done" can be "undone" and Dems have a year to "un-do".

[BradBo]

6. Buy Instagram stock.

[live love laugh]

13. Why buy to enrich a Trump supporter?

[IronLionZion]

7. List of websites blocked in mainland China

For folks who have never been to China, it's often necessary to use VPNs to access many popular American sites and apps that may be "corrupting the youth" or whatever excuse they have. They also block some popular news sites from Taiwan, India, Hong Kong, and other places they don't like.

https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

Young Americans will probably find a workaround for their personal phones if they want it badly enough. It's good to keep Tik Tok off government phones.

[Qutzupalotl]

9. A sale "without the algorithm that powers it" misses the point.

The algorithm is how China influences U.S. opinions.

[RainCaster]

10. So let's ban TikTok now, instead of waiting a year.

Let's do what we can to keep China from influencing our elections. After they take down the Great China Firewall, we'll talk.

[womanofthehills]

16. Millions of Americans make their income from TicToc

And TicToc puts billions into our economy.

[progressoid]

12. This is going swimmingly.

[OnDoutside]

17. Nature hates a vacuum, expect someone to come out with TokTik.... It'll be interesting to see if the EU follows suit.