Wednesday, March 15, 2023

U.S. orders ByteDance to divest TikTok or face potential ban

As if we did not have already kind of a World War III going on in the Ukraine!

These are very dangerous times! Any sable rattling could escalate further military confrontations! What will be the next tit-for-tat!

With a senile and demented 46th President and his largely incompetent administration makes the situation even worse!

"The U.S. government has told ByteDance to sell its stake in TikTok after more than two years of negotiations failed to convince Washington that the popular short-video app is not a national security risk, according to people familiar with the matter.

The Committee on Foreign Investment in the United States (CFIUS), an agency led by the Treasury Department that evaluates cross-border deals, told the Chinese tech giant to divest its stake, the people said. Failure to do so would leave TikTok facing a possible ban in the country. ..."

U.S. orders ByteDance to divest TikTok or face potential ban - Nikkei Asia Chinese tech giant has been in talks with Washington for 2 years to avoid a sale

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