What’s happening: The TikTok divestment / sale push 1. The law forcing a sale (or ban) In 2024, the U.S. passed a law (the Protecting Americans from Foreign Adversary Controlled Applications Act ) that requires apps whose parent companies are controlled by a “foreign adversary” to divest or be banned. ByteDance, the Chinese company that owns TikTok, is thus under pressure to sell off or restructure TikTok’s U.S. operations or risk being banned in the U.S. altogether. The app

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