ByteDance stated it has no intention to sell TikTok in response to a bill mandating the sale. If forced, the company would prefer shutting down TikTok in the U.S. rather than selling it.
ByteDance refuted reports about exploring TikTok's sale, emphasizing that the company does not plan to sell its 'secret source' algorithms integral to its business.
Disentangling TikTok's algorithms from U.S. assets for a sale is deemed impractical. ByteDance's annual revenue reportedly surged from $80 billion in 2022 to $120 billion in the previous year.
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