Business Habit

Bytedance said that TikTok will not be sold

Business Habit ⋅ @businesshabit ⋅ Apr 27, 2024

The United States Senate has passed a bill on the video sharing app TikTok. They stipulated that the app should be sold to a US company. Or the US will ban the app in its country. Given all this, ByteDance, the company owned by TikTok, said that they would not sell this app. News BBC.

The company said through its official account on its owned media platform Toyoshiao, "ByteDance has no plans to sell TikTok." However, TikTok has not yet commented on the matter.

Earlier this week, TikTok said it would go to court to challenge the US decision. According to a report by technology website The Information, ByteDance is considering selling the TikTok app in the United States. In response to this report, ByteDance said that foreign media reports about TikTok being sold are not true. Recently, US President Joe Biden signed the sell or embargo law.

Category and Tags

Technology Tiktok, Bytedance

More stories by Business Habit

Top 10 Bangladeshi Scientists Shaping the Nation's Future

Bangladesh, a nation rich in history and culture, is also leading the way in scientific innovation and research. Notwithstanding obstacles, the country is home to a number of bright ...

Mobile Network Operators in Bangladesh

Over the past twenty years, mobile technology has had a tremendous increase in Bangladesh, a South Asian nation. The demand for mobile services has skyrocketed due to the country's population of over 160 million and its increasing need for connectivi

Top 50 Online Businesses You Can Do in Bangladesh

In Bangladesh, launching an internet business offers a plethora of chances inside the quickly expanding digital economy. There are many different business options available to entrepreneurs, ranging from digital serv...

By fiscal 2030, the parent company of Uniqlo hopes to have 80% non-Japanese managers

The operator of Uniqlo, Fast Retailing, is increasing its recruitment efforts outside of Japan with the goal of having 40% of its executive officers and 80% of management be foreign nationals by the end of the company's fiscal 2030 year.The company i

KFC closes more than 100 locations in Malaysia as part of a boycott supporting Palestine

This image shows an empty KFC outlet in Jalan Sultan, Kuala Lumpur, Malaysia. (File photo)Due to the current conflict in Gaza, KFC has scaled back its operations in Malaysia and temporarily closed roughly 20% of its restaurants. This move follows mon