TikTok, managed by ByteDance, has been embroiled in controversy in the U.S. concerning data privacy and potential access by the Chinese government. Recent events included a temporary outage and a renewed legislative push leading to a requirement for the app to be sold or banned, following a significant vote in Congress. With a projected valuation of $60 billion, interest from multiple investors is rising. Despite ongoing legal challenges and TikTok's claims of upholding user rights, the platform's future in the U.S. remains precarious.
TikTok has faced ongoing scrutiny over potential data access by the Chinese government, leading to legal challenges and a dramatic valuation of its U.S. operations.
Despite a temporary outage and recent controversies, TikTok continues to thrive, showing a U.S. valuation potential of over $60 billion as investors vie for control.
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