The government is taking action to address the specific national security risks related to ByteDance Ltd.'s operations in Canada through the establishment of TikTok Technology Canada, Inc, according to Canada's Minister of Innovation, Science and Industry.
The decision was based on the information and evidence collected over the course of the review and on the advice of Canada's security and intelligence community and other government partners.
Shutting down TikTok's Canadian offices and destroying hundreds of well-paying local jobs is not in anyone's best interest, and today's shutdown order will do just that, a TikTok spokesperson stated.
Canada's crackdown on TikTok follows a multi-step national security review process by its intelligence agencies, indicating growing concerns over foreign tech impacts.
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