TECH - TikTok Would Rather Shutdown Than Opt For Sale | Benzinga
The future of TikTok in the United States hangs in the balance as its parent company and Meta Platforms Inc’s (NASDAQ:META) rival, ByteDance, considers shutting down the app rather than selling it amid legal battles.
According to a report from Reuters, four sources close to the matter revealed that if ByteDance exhausts all legal options against the impending ban, it may opt for a shutdown over a sale.
TikTok’s core algorithms, integral to ByteDance’s operations, make a sale unlikely. The app contributes a small share to ByteDance’s ...