ByteDance Denies Plans to Sell TikTok Amid Congressional Pressure

ByteDance, the parent company of TikTok, has issued a statement denying recent reports suggesting plans to sell the popular social media platform. The company's denial comes in response to growing pressure from the U.S. government regarding TikTok's ownership.

A report from The Information had claimed that ByteDance was exploring options for a potential sale of TikTok. However, ByteDance refuted these claims, stating that it has no intention of selling TikTok. This announcement comes shortly after President Biden signed a bill into law that requires ByteDance to sell. . .