ByteDance gets seven-day extension to divest TikTok
The Trump administration on Wednesday granted TikTok owner ByteDance a seven-day extension on an order directing it to sell the video sharing platform.
The Trump administration on Wednesday granted TikTok owner ByteDance a seven-day extension on an order directing it to sell the video sharing platform.
The impending ban on TikTok in the United States would be highly "devastating" to the company and its users, the video sharing service claimed in a Sunday morning hearing over the legalities of President Donald Trump's executive order.
ByteDance is insisting that it will retain majority ownership of TikTok Global, contradicting President Donald Trump's claims that the app would have "nothing to do with any outside land."
A deal between Bytedance and Oracle to keep TikTok alike in the United States has been given the approval of US President Donald Trump, Just over a day before access to the app would have been curtailed in the United States.
ByteDance may not hand over the code used to build TikTok's algorithm as part of its sale to a US buyer, a report claims, with the Chinese tech company apparently informing bidders and authorities in the US about the change in stance.
While a sale of TikTok's US operations may be imminent, the Chinese restrictions on artificial intelligence technology exports may be a stumbling block for negotiations.
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