Regulators Tell TikTok Owner to Sell or Be Banned 

The company says it wants to resolve the issue. 

The Committee on Foreign Investment in the United States (CFIUS), a regulatory arm of the federal government that oversees foreign investments, told TikTok that the U.S. plans to ban the app unless its owners sell it. TikTok is one of the most popular mobile apps in the country, particularly among young people. The Chinese-owned company has said that banning it could impact millions of everyday Americans. 

The Chinese parent company ByteDance has been told to sell its stake in the U.S. version of the app or face a nationwide ban. 

Critics of Tik Tok maintain that laws in China require Chinese-owned companies to share data with the Chinese government, and maintain that, as long as Chinese owners control the company, American users’ data is not safe. 

TikTok stated, “If protecting national security is the objective, divestment doesn’t solve the problem: a change in ownership would not impose any new restrictions or data flows or success. The best way to address concerns about national security is with the transparent, U.S.-based protection of U.S. user data and systems, with robust third-party monitoring, vetting, and verification, which we are already implementing.” 

As the Lord Leads, Pray with Us…

  • For the U.S. officials who are determining the approach of the Committee on Foreign Investment in the United States toward TikTok.
  • For Treasury Secretary Janet Yellen as she chairs CFIUS.
  • For the president and his administration as they respond to issues concerning China.

Sources: Axios, NY Times, NBC News 


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