ByteDance has been ordered by President Donald Trump to divest TikTok in the United States, amid security concerns over the personal data it handles. A sale would have to be greenlighted by both the United States and Chinese governments. Also read - TikTok CEO Kevin Mayer quitsByteDance told TikTok engineers in a memo this week to draw up plans for shutting down the app in the United States, the sources said. ByteDance is also making separate plans for TikTok US employees and vendors to be compensated in the event of a shutdown, one of the sources added. ByteDance views the shutdown preparations as a back-up plan, and is working toward a deal that would keep TikTok operating in the United States without interruption, the sources said.

Source: Dhaka Tribune August 27, 2020 20:15 UTC