ByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US.
Though TikTok is ultra-popular with over a billion users, it still operates at a loss and accounts for a small share of ByteDance's total revenues and daily active users.
ByteDance had no plan to sell TikTok amid talks of exploring scenarios for selling TikTok's US business without the core algorithm.
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