Back in November, we reported that TikTok’s ban in the US had been delayed. This was due to several factors, one of which is an impending lawsuit where TikTok creators are suing to keep the company from being banned. However, there was still a deadline in effect that was supposed to end on the 4th of December.
Given that we’re now already on the 7th of December, it seems that TikTok’s fate in the US remains undecided, but for now they seem to be safe. According to a report from Reuters, a US Treasury Department representative said that the US government is currently in talks with ByteDance over a potential divestment of TikTok to a US company, along with “other steps necessary to resolve the national security risks.”
There are complications to selling off TikTok and it seems rather messy at the moment. For starters, there are TikTok creators who are trying to defend the company as their livelihoods depend on it. Then there is also China who isn’t going to easily let ByteDance sell off TikTok, where the country has rules that would prevent the sale of China technology to foreign companies or governments.
In any case, while the fate of TikTok has yet to be decided, it seems that other companies like Instagram and Snapchat are wading in with their own alternatives to take advantage of the current situation.
Filed in . Read more about China, Legal and Tiktok. Source: reuters