"Bytdance" does not plan to sell Tick tock", they stated on the company's official online account Tautiao, which he also owns. The sell-or-ban law was passed by the US Congress on Wednesday, and President Joe Biden ratified it yesterday, according to reports RTS.
Iz Tick tock have said that they will oppose the "unconstitutional" law through the courts.
"Bytdens" announcement that they will not sell tik tok came in response to an article by tech site The Information that said the company was considering a potential sale Tick tock in the US without the algorithm that drives it.
"Reports by foreign media that 'Bytdance' intends to sell." tik tok are not true," the Chinese company said.
In recent years, Beijing has increased control and pressure on private companies, which is why the US fears how much control China's central authorities have over "ByteDance" and the data it stores.
The leaders of the social network have repeatedly denied claims that the Chinese authorities have control over "Bytedance".
Tik-Tok has more than 170 million users in the US, and according to the new law, the Chinese company "Bytedance" will have to sell its share in the social network.
The majority of senators supported the law
If it doesn't, TikTok will be denied access from all online app stores, and users across the US will be unable to access the social network.
President Joe Biden will be able to extend the deadline for another three months if more time is needed for the sale, which means that the Tik-Tok ban could come in a year at the latest.
The measure against Tik-Tok was supported by an overwhelming majority of senators from both parties, who claim that the Chinese authorities could, in accordance with domestic laws, force "ByteDance" to hand over all the data it has on 170 million users in the US.
Tik-Tok has repeatedly repeated that it has not and would not hand over the data of users from abroad to the Chinese authorities.
Good move for America?
US President Joseph Biden signed legislation yesterday forcing Chinese TikTok company Byte Dance to sell the social media platform or face a national ban.
Despite Biden's official support for the law on tik tok-, his re-election campaign will continue to use the platform to reach as many voters as possible. The nine-month period allows the Chinese company to retain ownership of tik tokduring the November elections.
The measure was passed as part of a package of four laws that also include military aid to Ukraine, Israel, Taiwan and other US partners in the Indo-Pacific region.
79 senators voted for the laws while 18 were against.
"For years we have allowed the Chinese Communist Party to control one of the most popular apps in America." The new law will require the Chinese owner to sell the app. This is a good move for America," said Republican Senator Mark Rubio.
The most popular site in 2021
TikTok and its Chinese counterpart Douyin are video hosting services owned by the Chinese company Bytdance. They contain videos posted by users, from 3 seconds to 10 minutes in length.
Since their launch, TikTok and Douyin have gained global popularity. In October 2020, they surpassed two billion mobile downloads worldwide. Morning Konsult named TikTok the third fastest growing brand in 2020, after Zoom and Peacock platforms. Platform Cloudflare ranked it as the most popular website in 2021, surpassing Google.
