• Under Pressure, TikTok Reportedly Considers Splitting From ByteDance

    16 days ago - By Observer

    TikTok's leadership is considering splitting from its Chinese parent company ByteDance to address U.S. national security concerns, Bloomberg reported. If TikTok splits from ByteDance, the video sharing business could either sell itself or launch on the public market. Separating the companies would be a last resort if TikTok's existing proposal to appease regulators, which has been underway for two years, isn't approved, according to Bloomberg.
    The proposal, called Project Texas , gives the U.S. government and other third parties some control over TikTok's algorithm and data usage. The...
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