According to a report, ByteDance would prefer to close down TikTok than sell in the US.
Instead of selling TikTok to a US corporation, ByteDance is thinking about shutting it down to stop politicians from outlawing the app. Since ByteDance's operations depend heavily on the algorithms TikTok uses, a sale is doubtful. ByteDance's operations would be minimally affected by the stoppage, and its algorithm would remain intact.
President Joe Biden signed the US bill into law on Wednesday, April 24, and ByteDance has pledged to fight back.
Michael Beckerman, vice-president of TikTok and head of public policy for the Americas, allegedly informed staff members, "At the stage that the bill is signed, we will move to the courts for a legal challenge," according to a leaked internal letter obtained by the Information.
“We will continue to fight, as this legislation is a clear violation of the First Amendment rights of the 170 million Americans on TikTok.”
A representative for TikTok claimed on Sunday, April 22, that prohibiting the app nationwide would "trample" on free expression.
“It is unfortunate that the House of Representatives is using the cover of important foreign and humanitarian assistance to once again jam through a ban bill that would trample the free speech rights of 170 million Americans,” TikTok spokesperson Alex Haurek said.