TikTok is drawing up contingency plans to prepare for a ban in the U.S.TikTok is mentally preparing itself to shut down in the United States.
What you need to know
ByteDance is asking TikTok engineers to prepare for a ban in the United States.
The company is also preparing compensation for United States employees.
Such a plan will only be necessary if a sale of U.S. operations falls through.
ByteDance, the company behind TikTok, is making contingency plans in case it needs to shut down operations in the United States.
Reported by Reuters, the company has told engineers of the app to prepare for a shutdown of U.S. operations, even as the app is rumored to be close to a sale to companies like Microsoft, Walmart, and Oracle. Bytedance may be choosing to sell the U.S. operations of its app to one of the companies as early as Friday.
ByteDance has been ordered by President Donald Trump to divest TikTok in the United States, amid security concerns over the personal data it handles. Microsoft Corp and Oracle Corp are among U.S. companies vying to acq...
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TikTok is drawing up contingency plans to prepare for a ban in the U.S.
