ByteDance Denies Report of Suggesting US Govt Control Over TikTok
$ByteDance (FT0001)$ $ByteDance Ecosystem (LIST1266.HK)$ ByteDance refuted claims that TikTok suggested handing over control to the US government by 2022, calling the reports false and urging against spreading misinformation.
This denial followed a Washington Post report stating TikTok proposed giving the US more control to alleviate national security concerns, a proposal allegedly rejected by the White House.
Proposed measures included the US selecting TikTok's US board of directors, having veto power over new hires, and allowing US companies to monitor TikTok's source code.
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