TikTok’s ownership, security risks spark bans across nations FMTNews FMTBuiness
The US has demanded that ByteDance, the Chinese company that owns TikTok, sell its stake or risk a ban.
The move follows the introduction of a new US legislation that would allow the White House to ban TikTok or other foreign-based technologies if they pose a national security risk.TikTok is owned by China-based ByteDance, the world’s most valuable start-up. Numerous countries have raised concerns over its proximity to the Chinese government and its hold over user data across the world.India
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