TikTok might be sold to US investors to ward off security concerns

Chinese short video platform TikTok is currently facing close scrutiny and risks being booted out of the US — which is home to some of its most popular content creators — but the app may find a lifeline there. The Information reports that a number of US-based investors who already have a stake in TikTok‘s parent company, ByteDance, are considering purchasing the subsidiary company to gain control of the platform. The move could ease some concerns among governments and users about TikTok handing user data over to Chinese authorities. There isn’t yet a timeline in place for this, but Bytedance…

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Source:: The Next Web – Technology

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