TikTok's roller coaster in the United States continues.
What you need to know
- TikTok's talks with the United States government have increased recently.
- The Chinese government's actions to prevent the sale to a U.S. company served as a catalyst.
- ByteDance is looking for a way to avoid having to sell all of its U.S. operations.
Reported by , ByteDance, the company that owns TikTok, is in talks with the United States to potentially avoid having to sell its operations in the country.
According to the report, talks with the United States accelerated after the Chinese government made a sale to a United States company more difficult.
As noted by , CNBC has also posted a short video with more details about the update on the potential sale.
All of these talks are overshadowed by the upcoming ban of the app. Back in August, the , but time continues to pass by without a solid foothold in the United States for the app.