The US President has recently announced that the deadline for ByteDance is set – to sell its widely held short-video app, TikTok’s US assets. The US officials have concerns that user data and information are being passed on to the Chinese government. As mentioned by Trump in a statement, “It’ll either be closed up, or they’ll sell it. There will be no extension of the TikTok deadline.”
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However, TikTok did not respond to the comment as of now. ByteDance has been looking to decide on a buyer in order to finalize an agreement by mid-September. It would also help the company to comply with the Trump administration’s demand to liquidate TikTok assets.
Source: In.reuters
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