TikTok is reportedly planning a total shutdown of the Chinese-owned video-sharing app when the law requiring a ban or sale of the app takes effect on Sunday.

The roughly 170 million US users who try to access the app will be greeted with a pop-up message directing them to a website with details about the ban, according to the Information.

Users will also be given the option of downloading their data from the app, sources familiar with the plan told the outlet.

  • rob200@endlesstalk.orgEnglish
    22·
    9 hours ago

    If they sell the platform to an American company, it wouldn’t be Chinese owned. and CHina is (currently) a socialist leaning country, once sold to an American company, it’s gonna be more capitalist focused then it already was. idk why people miss that.

    • Tangentism@lemmy.ml
      31·
      5 hours ago

      ByteDance is a privately-held global company, roughly 60 percent owned by global institutional investors (such as Blackrock, General Atlantic, and Susquehanna International Group), 20 percent owned by the company’s founders, and 20 percent owned by its employees—including over 7,000 U.S.-based employees.

      Sauce

      • davel [he/him]@lemmy.mlEnglish
        1·
        2 hours ago

        This is the funniest thing about it all. ByteDance is mostly an American company with American & Singaporean executives, and the service is run on Oracle cloud services within the United States.