The fight between the U.S. and China over TikTok get through an inflexion period on Wednesday when the Biden administration demand that ByteDance , the social media app ’s Chinese owners , sell off its stakes in the app or get quick for a potential ban .
The Committee on Foreign Investment in the U.S. , or CFIUS , told TikTok that ByteDance must divest its possession of the company , theWall Street Journal reported . U.S. officials have been concerned about Americans ’ datum on TikTok for years , particularly in relation to China ’s national security laws , which forces company to turn over data if the authorities request it . It ’s the first time the Biden administration has threaten to ban TikTok , echoing the position of former President Donald Trump .
TikTok , meanwhile , told the Wall Street Journal that force Chinese owners to sell their stakes in the company would n’t eliminate national security department concerns and maintained that its $ 1.5 billion architectural plan to safeguard U.S. data point via an understanding with Oracle was the good solution . Under TikTok ’s plan , called “ Project Texas , ” all information on American users would be stored in the U.S. TikTok ’s traffic is currently routed through Oracle ’s servers , the social media app state , and in the future , Oracle engineers will be able to visit TikTok ’s generator code .
Photo: Ascannio (Shutterstock)
The party said it was disappointed in CFIUS ’ decision .
“ If protecting home security is the objective , divestment does n’t solve the problem : a modification in ownership would not impose any new confinement on datum flow rate or access code , ” TikTok spokeswoman Brooke Oberwetter told the Journal in a assertion . “ The best way to address concerns about national security is with the transparent , U.S.-based trade protection of U.S. user information and systems , with robust third - company monitoring , vetting , and verification , which we are already implementing . ”
The Journal submit that 60 % of ByteDance is owned by global investor , 20 % by employee , and 20 % by its founders .
Gizmodo reach out out to TikTok for comment on Thursday good morning but did not receive a reply by the time of publication .
BidenByteDanceDonald TrumpJoe BidenOraclesoftwareTikTok
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