Washington is demanding that the app’s Chinese owners sell their stake, company representatives have said Washington has urged TikTok’s Chinese owners to divest their stakes in the popular video app or face a potential US-wide ban, representatives of ByteDance – the company behind the platform – told various media outlets on Wednesday. TikTok spokesperson Brooke Oberwetter told the Wall Street Journal, which first broke the story, that the Beijing-based company had received the ultimatum from the Committee on Foreign Investment in the US (CFIUS). It’s part of the US Treasury Department and is officially tasked wit
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