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    Zhang Yiming ByteDance Rejects Tiktok Sale To The US

    Rayan

    By Rayan - Apr 29, 2024 | Updated On: 29 April, 2024 | 3 min read

    By Rayan , 3 min read - Apr 29, 2024

    Updated On: 29 April, 2024

    Zhang Yiming ByteDance Rejects Tiktok Sale. Image Credit: Flickr.




  • Senators Maria Cantwell and Mark Warner have taken to the floor to discuss the national security dangers of the entertainment app TikTok, a bill that could ban the app.

    Zhang Yiming ByteDance rejects Tiktok sale to the U.S. despite the threats from Congress. It seems Tiktok is not looking for potential buyers, as there will be no sale.

    Tiktok Getting Banned: What Do We Know?

    Tiktok’s parent company, ByteDance, has strongly announced its intention not to sell the mega-popular video hosting website. But what is the reason why TikTok is getting banned?




  • The company posted on its official account on Toutiao, “Foreign media reports about ByteDance exploring the sale of Tiktok is untrue.”

    Government officials and U.S. Congress have said that the Tiktok presents a national security threat if it is connected to or controlled by ByteDance. President Joe Biden signed a bill giving TikTok an ultimatum of 12 months to either be sold or face a U.S. ban.

    The allegations have been made that it could be used to spy and collect data on Americans and might serve as a high-powered channel for Chinese propaganda.

    However, Tiktok denied the allegations by saying it would never share U.S. users’ data with Beijing.




  • Zhang Yiming ByteDance Rejects Tiktok Sale To The US

    China-based TikTok owner ByteDance has denied plans to sell the social media service amid a new law requiring divestment within 12 months or face a U.S. ban. ByteDance’s founder, Zhang Yiming, is not convinced to sell his child company.

    The most critical and latest threat Tiktok is facing in the U.S. However, the company is not backing down.

    The move is a battle between technology companies and U.S. lawmakers over the future of the video app, known for its addictive scrolling.

    Zhang Yiming ByteDance rejects Tiktok sale to the U.S., but even if TikTok were acquired in the United States, it would most certainly differ from today’s app.




  • Zhang Yiming ByteDance Rejects Tiktok Sale

    Zhang Yiming ByteDance Rejects Tiktok Sale. Image Credit: Social Media.

    Since Chinese export restrictions would govern whether the algorithm could be transferred.

    Due to privacy and cybersecurity concerns, TikTok has already been banned in some countries and from government-issued devices.

    ALSO READ: Meet Figure CEO Brett Adcock: The AI Robot Billionaire

    What Might Be The Reason For The U.S. To Ban TikTok?

    The U.S. wants to ban the TikTok platform for several reasons, mainly security concerns. The lawmakers of the U.S. are concerned that ByteDance will leak U.S. user data to the Chinese government if they force them to.




  • The five-hour congressional testimonial hearing touched on different topics. However, some of the main focuses are:

    • Addictiveness
    • Misinformation
    • Children’s safety
    • Data security
    • Mental health
    • Selling data

    The U.S. has already banned the application on public sector and federal employees’ phones and 32 of 50 states on employees’ phones.

    Zhang Yiming ByteDance Rejects Tiktok Sale

    Zhang Yiming ByteDance Rejects Tiktok Sale. Image Credit: Pexels & Rawpixel.

    Similarly, several states have also sued Tiktok recently. The first state was Indiana, on claims that Tiktok servers users with inappropriate content.

    Arkansas filed another lawsuit over the claim that the company had violated the Deceptive Trade Practices Act.




  • Similarly, you might also be interested in learning more about Tokyo Eco Sustainability VPR.

    What Are The Challenges Of Banning Tiktok?

    Tiktok is challenging the legality of the bill. Many challenges might have to be faced by the Tiktok ban.

    Many users of TikTok are young teenagers. One of the main challenges might be alienating young users politically by banning Tiktok. It might negatively influence the users who enjoy using the app.

    Small and medium businesses rely on the platform for their business model and might need help.




  • The influencers and the creators face the most significant challenge as they earn from the platform. Many multinational corporations also rely on the platform for some portions of businesses.

    FAQs

    Q. Is ByteDance not selling TikTok?

    A. Zhang Yiming ByteDance rejects Tiktok sale to the United States.




  • Q. Why is TikTok being forced to sell?

    A. The Chinese government might have access to sensitive user data.




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