If forced to choose between a forced sale of the TikTok network or banning it in the United States, Chinese authorities will opt to block it for American users. He writes about this with reference to sources Wall StreetJournal.
The issue arose after the US Congressional House of Representatives on March 13 approved a bill stipulating that TikTok must divest from parent Chinese company ByteDance within six months or the popular short video viewing service would be banned in the US. States.
The bill is currently pending in the Senate. US President Joe Biden has already spoken on this issue and promised to sign it if approved by both houses of the US parliament. American officials believe the collection of data on TikTok users in the United States poses a threat to national security.
Former US Treasury Secretary Steven Mnuchin announced that he is ready to form an investor consortium to acquire TikTok. If the deal actually goes through, it could be worth $100 billion. The Wall Street Journal reminds that TikTok’s revenue in the US in 2023 is approximately $20 billion.
However, according to the WSJ, authorities in China have vowed to prevent TikTok from being forced to sell in the United States. The PRC considers TikTok a sensitive technology and does not allow the sale of the social network along with its source code, and without it there is no point in the deal.
9 March Biden stated About the readiness to ban TikTok in the US.
March 12 Trump named TikTok is a threat to US national security.
March 14, former US Treasury Secretary wanted Buy TikTok.
Previously TikTok developers stated about preparing for the launch of a social network for photo sharing.