The Biden administration is considering a proposal that would give the US government more power over apps that it considers a risk to national security. TikTok may have avoided being banned in the US during the Trump administration, but apparently, the Chinese app owned by
TikTok came close to being banned in the US in the final stages of Donald Trump presidency, but apparently, the app owned by Chinese company ByteDance still cannot find peace. Business Insider reports that Republican Senator Marco Rubio has appealed to President Joe Biden to
Financial Times has reported that the Chinese company ByteDance, owner of the microvideos application TikTok, has regained interest in debuting on the Hong Kong Stock Exchange, something that could occur early next year, despite pressure from regulators of the Asian giant on listed technology companies.
Last year, ByteDance, the world’s most valuable startup, was under pressure from all sides. Donald Trump’s government wanted the Chinese company, which owns the video sharing platform TikTok, to sell assets. The Chinese government increased vigilance over technology companies, and India has blocked some of