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Bytedance prefers independant spin-off over Microsoft sale – What is new?

News you want to use week 32

US President Donald Trump said he wanted to ban the app, which has faced growing concerns internationally over privacy and data security. According to sources could TikTok become totally independent from its Chinese owner ByteDance to continue operating overseas. Vanessa Pappas, the US general manager of TikTok, said the app is “not planning on going anywhere” and “we are here for the long run” in a video address after Trump threatened to ban it on Friday. But if it is able to continue operating in the US, the board of ByteDance will agree to a complete spin-off for the overseas version of the app, which operates under the name Douyin in China. The new entity would keep the TikTok name, but will have different management and will no longer answer to ByteDance.

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