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ByteDance would shut down TikTok in US rather than sell it, sources say
ByteDance would shut down TikTok in US rather than sell it, sources say (Reuters via the Guardian)ByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US, four sources said.
The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent.
The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent.
https://www.theguardian.com/technology/2024/apr/25/bytedance-shut-down-tiktok-than-sell
Original Reuters link (paywall): https://www.reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/
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