Key takeaways:
- The Committee on Foreign Investment in the United States (CFIUS) has issued an ultimatum to the popular social media company TikTok.
- The Biden administration is demanding that TikTok be sold by its Chinese owners or face a ban across the US.
- The ultimatum is the latest development in the ongoing saga between the US government and TikTok.
The Committee on Foreign Investment in the United States (CFIUS), a multiagency panel of the US government, has issued an ultimatum to the popular social media company TikTok. The Biden administration has threatened to ban the app from the United States unless its Chinese owners agree to spin off their share of the platform.
TikTok, a short-form video app, has more than 100 million users in the US, raising concerns about its links to China and its handling of user data. The Wall Street Journal first reported the divestiture request on Wednesday, and TikTok later confirmed the news to CNN.
The Biden administration is demanding that TikTok be sold by its Chinese owners or face a ban across the US. A spokesperson for TikTok expressed disappointment with the ultimatum.
The move marks a possible turning point in the long-running negotiations between federal officials and the social media company. The US government has been increasingly concerned about the security risks posed by the app’s Chinese ownership.
The ultimatum is the latest development in the ongoing saga between the US government and TikTok. It remains to be seen how the company will respond to the apparent ultimatum, and what the outcome of the negotiations will be.
Be First to Comment