ByteDance is preparing to shut down TikTok in America, sale is rejected

TikTok, a Chinese short video app, and the US government are about to end their long-running legal battle. In America, there has long been a call for TikTok to be banned. An American company was frequently approached to purchase TikTok by its parent company, ByteDance, but the company declined the offer.

As of late, the business has reaffirmed its previous choice. In contrast to selling the TikTok app to an American company, ByteDance has stated that it would prefer to shut it down. In order to maintain TikTok's operations in the US, the company has employed every legal strategy.

It is being said that selling the app will cause a huge loss to the company. Therefore, the company wants to stop its service, although no final decision has been approved yet. ByteDance has not yet given any official statement.

A statement has been shared by the company on social media app Toutiao in which it has been said that if TikTok is banned in America, then the company will stop its service, but TikTok will not be sold to any American company.

TikTok CEO Shaw Ji Chew said on Wednesday that the social media company is expected to win a legal challenge to block legislation signed by President Joe Biden that he said would ban its popular short video app, used by 170 million Americans.

The bill, which was overwhelmingly passed by the US Senate on Tuesday, is driven by widespread concerns among US lawmakers that China could access Americans' data or use the app for surveillance. For your information, let us tell you that many countries including India have banned TikTok due to national security.