TikTok needs to sell while ByteDance can get top dollar

A Chinese-owned TikTok cannot exist in the US. (Image: AP)

Thu, 14 Mar 2024

By Dave LeeIt’s panic stations at TikTok. Last week’s lightning-fast creation of a bill that would force the platform’s divestiture or bar it in the US, and the legislation’s almost instantaneous passage by the US House Energy and Commerce Committee, has the Chinese-owned app scrambling to avoid a ban that could be only months away.The full House will vote on the bill on Wednesday (US time). With President Joe Biden indicating he would sign the legislation should it reach his desk, TikTok’s dwindling hope is that i...

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