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The sale of TikTok would be made mandatory within six months to a buyer approved by the U.S. government. If ByteDance refuses to sell TikTok. it would be illegal for app stores and web hosting companies to distribute or update the app in the United States . Those that do not comply would face penalties. A total ban would therefore be difficult to implement. but access could be drastically limited. The reason? Lawmakers fear a risk to U.

national security and user data. ByteDance's response For its part. Bytedance claims that "60% of the company is owned by global institutional investors." The company also indicates that it has invested kuwait telegram more than $1 billion in a plan to store sensitive data of American users on servers operated by Oracle. an American cloud computing company. During the recent hearing of the tech giants in Congress . Shou Zi Chew. the CEO of TikTok. had insisted on its Singaporean origins.


For Wang Wenbin . spokesman for the Chinese Ministry of Foreign Affairs. the vote of the House would follow a "logic of the thief." He emphasizes: "When you see the good things of others. you try to appropriate them." Is a buyout really possible? With 170 million users in the United States. TikTok is an out-of-reach acquisition for most companies . Microsoft. Google and Meta are subject to antitrust law. which limits their purchasing options. Steven Mnuchin. a controversial former Treasury Secretary under Donald Trump. has expressed interest . however : “It’s a great company and I’m going to put together a group of investors to buy TikTok.