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Trump expected to order China's Bytedance to sell TikTok's US operations

July 31, 2020. Summarized by summa-bot.

People working on the issue within the Trump administration expect the President will sign an order to force Chinese company ByteDance to sell the US operations of TikTok, its popular short-form video app, according to a person familiar with the matter.

(CNN Business)People working on the issue within the Trump administration expect the President will sign an order to force Chinese company ByteDance to sell the US operations of TikTok, its popular short-form video app, according to a person familiar with the matter.

The US government is conducting a national security review of TikTok and is preparing to make a policy recommendation to Trump, Treasury Secretary Steven Mnuchin told reporters this week at the White House.

ByteDance has been considering changes to its corporate structure and had reportedly already been looking into the possibility of selling a majority stake in TikTok. Microsoft (MSFT) is in talks to acquire TikTok, according to the New York Times, citing a person with knowledge of the discussions.

Cybersecurity experts have said TikTok's potential risk to national security is largely theoretical and that there is no evidence to suggest that TikTok's user data has been compromised by Chinese intelligence.

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