ByteDance Declares No Plans to Sell TikTok Despite New U.S. Law

ByteDance Would Rather Shut Down TikTok Than Sell, Sources Say.

May 30, 2024

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TikTok CEO Chew Shou Zi testifies before the House Energy and Commerce Committee on Mar 23, 2023, in Washington, DC. (Photo: AFP/Chip Somodevilla/Getty Images)

Section I: The New Law and ByteDance's Response

After President Biden signed a bill into law that could potentially ban TikTok in the U.S., ByteDance, the platform's Beijing-based parent company, p…

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