U.S. President Donald Trump's threat to ban TikTok unless it finds a U.S. buyer and gives American taxpayers a cut of the sale "feels a little bit like extortion," says tech reporter Charlotte Jee. TikTok, a hugely popular video-based social media app, is owned by the Chinese company ByteDance. The U.S. government has repeatedly cited concerns that ByteDance could hand over American TikTok users' data to the Chinese government. President Trump says TikTok should pay the U.S. Treasury a "substantial portion" of its sale to an American firm. It's owned by a Chinese company, but it's separately owned in the rest of the world.

Source: CBC News August 04, 2020 21:45 UTC