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ByteDance would shut down TikTok in US rather than sell it, sources say

App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikely

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NYC's Rent-Controlled Apartments Partly Behind NYCB Issues, Analysts Question If $1 Billion Lifeline Enough To Avoid SVB-Like Collapse

With the average one-bedroom, 600-square-foot New York City apartment renting for about $3,760 per month, rent prices have stretched affordability for the city's residents. It's no wonder politicians have sought to make housing more affordable in the city, but a policy aimed at doing so has been blamed, in part, for the struggles of New York Community Bancorp Inc. (NYSE:NYCB), which has seen its stock drop over 72% year to date. NYCB has been hit with a double whammy. In 2019, a change in New Yo

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ByteDance would rather shut TikTok in the US than sell it – all thanks to its 'secret sauce'

US President Joe Biden signed a bill banning the TikTok in the country unless it is sold to any company in the US within a year.

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Buyer's Market: Experts Ponder What Company Could Buy China's TikTok Preventing Ban

While President Joe Biden signed legislation on Wednesday that would force Chinese tech giant ByteDance to sell TikTok in nine months or else be banned in the United States, the question of who could actually swoop in and buy the social media platform remains.

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ByteDance prefers TikTok shutdown in US instead of selling it: Report

TikTok accounts for a small share of ByteDance's total revenues, so the parent would rather have the app shut down in the US in a worst case scenario.

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ByteDance won't sell TikTok to US businesses, would rather shut down app – Firstpost

ByteDance won't sell TikTok to US businesses, would rather shut down app – Firstpost
firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.

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tiktok ban: ByteDance prefers TikTok shutdown in US if legal options fail: report

ByteDance considers shutting down TikTok over U.S. ban legislation, unlikely to sell due to crucial algorithms. China opposes forced sale. Mnuchin shows interest. ByteDance's secret: the TikTok algorithm.

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ByteDance prefers TikTok shutdown in US if legal options fail

TikTok accounts for a small share of ByteDance's total revenues and daily active users

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Bill to ban TikTok in US clears Congress

Bill to ban TikTok in US clears Congress
iraqinews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iraqinews.com Daily Mail and Mail on Sunday newspapers.

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What next for TikTok in the US?

TikTok on April 24 said it will fight a new US law that orders the popular video sharing app to break away from its Chinese owners or face an outright ban in the United States.

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