Who owns TikTok? Chinese-owned ByteDance files lawsuit against US government ban
TikTok has filed a lawsuit to try and block the US government’s law that would either ban the video-sharing app or force its parent company ByteDance to sell it.
The Senate’s ruling on April 23 gives the Chinese-owned business one year to sell its stake or face deletion from American application stores.
Joe Biden signed off the law as part of a package that also included sending foreign aid to Ukraine and Israel.
The law states that ByteDance must sell off its US-based operations by January 19, with a three-month extension possible if a sale is in progress.
TikTok has 170 million users. This, they say, would compromise the First Amendment of the US constitution.
