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ByteDance may shut down TikTok over US ban

The Guardian — April 26, 2024, 01:00 AM UTC

Summary: ByteDance may shut down TikTok instead of selling it if US legislation bans the app. TikTok operates at a loss, with a billion users but a small share of ByteDance's revenue. ByteDance's 2023 revenue was nearly $120bn. TikTok's US daily active users are 5% of ByteDance's total. ByteDance values its algorithms and may not sell TikTok without them. China opposes forced divestment of TikTok.

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Article metrics
Significance5.6
Scale8.0
Magnitude7.0
Potential8.5
Novelty6.0
Actionability4.0
Immediacy9.0
Positivity3.0
Credibility9.0

Timeline:

  1. [5.6]
    TikTok faces legal challenges over US ban law (The Verge)
    7d

    ScoresSource
  2. [3.4]
    Billionaires compete to buy TikTok after Biden's ban (Daily Mail)
    8d
    Summary:Source
  3. [4.5]
    ByteDance denies TikTok sale amid US national security concerns (RTE.ie)
    10d
    Summary:Source
  4. [5.7]
    Legislation requires TikTok's parent company to sell or face ban (The Associated Press)
    11d

    ScoresSource
  5. [5.0]
    Biden signs bill requiring ByteDance to sell TikTok (The Conversation)
    11d

    ScoresSource
  6. [4.3]
    American tycoons eye TikTok purchase amid regulatory challenges (New York Post )
    11d
    Summary:Source
  7. [4.6]
    Biden signs bill banning TikTok unless sold by Jan (ABC News)
    11d
    Summary:Source
  8. [4.3]
    Biden's TikTok use criticized amid potential ban backlash (The Associated Press)
    12d
    Summary:Source
  9. [4.2]
    Senate passes bill banning TikTok, ByteDance must sell app (IGN)
    12d
    Summary:Source
  10. [4.0]
    Biden to sign bill requiring TikTok sale over security concerns (The Guardian)
    12d
    Summary:Source
  11. [5.6]
    US Senate approves TikTok divestment, part of foreign aid package (The Straits Times)
    12d

    ScoresSource
  12. [4.0]
    House advances bill to potentially ban TikTok, prompting concerns (The Washington Post)
    12d
    Summary:Source
  13. [3.8]
    US Senate approves Bill for TikTok sale by ByteDance (Mint)
    13d
    Summary:Source
  14. [4.6]
    Senate and House pass bill to ban TikTok sale (The Guardian)
    13d
    Summary:Source
  15. [4.5]
    US app stores may ban TikTok in 270 days (Financial Times)
    13d
    Summary:Source
  16. [5.8]
    Senate passes bill mandating TikTok sale over security concerns (The New York Times)
    13d

    ScoresSource
  17. [5.7]
    Legislation passed to ban or sell TikTok for security (The Washington Post)
    13d

    ScoresSource
  18. [4.9]
    FBI chief raises security concerns over TikTok's Chinese ownership (The Straits Times)
    13d
    Summary:Source
  19. [3.8]
    Potential TikTok ban in U.S. could benefit Meta Platforms (CNBC)
    14d
    Summary:Source
  20. [4.3]
    US House votes to divest or ban TikTok, Senate next (Mint)
    15d
    Summary:Source
  21. [4.9]
    US House passes bill targeting TikTok ownership, faces Senate (ABC News)
    16d
    Summary:Source
  22. [4.5]
    House advances bill to force TikTok sale or ban (The Washington Post)
    16d
    Summary:Source
  23. [4.0]
    US House approves bill for potential TikTok ban (Business Insider)
    16d
    Summary:Source
  24. [4.0]
    House votes to extend ByteDance divestment period for TikTok (The Guardian)
    16d
    Summary:Source
  25. [3.6]
    US bill to force TikTok divestment from ByteDance advances (The Verge)
    18d
    Summary:Source
  26. [4.8]
    House bill pushes TikTok sale or US ban, aids allies (The New York Times)
    19d
    Summary:Source