TikTok's Parent Company Says "No Plans To Sell" After US Ban Law
NDTV
US Congress members and government officials have said TikTok presents a national security threat as long as it is controlled by or connected to ByteDance.
TikTok parent ByteDance has said it has no intention of selling it, after the US Congress passed a law forcing it to sell the hugely popular video platform or get banned in the United States.
ByteDance's comment came after the tech business-focused news site The Information reported that the Chinese tech giant was looking at potential scenarios for selling TikTok without the coveted recommendation algorithm that powers it.
"Foreign media reports about ByteDance exploring the sale of TikTok are untrue," the company posted late Thursday on its official account on Toutiao, a social media platform it owns.
