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ByteDance prefers TikTok shutdown in US if legal options fail, sources say

A shutdown would have limited impact on ByteDance’s business while the company would not have to give up its core algorithm, said the sources, who declined to be named as they were not authorised to speak to the media.

Ann Asianews Network

Ann Asianews Network

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TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to an American buyer, sources said. PHOTO: UNSPLASH

April 26, 2024

HONG KONG – A shutdown would have limited impact on ByteDance’s business while the company would not have to give up its core algorithm, said the sources, who declined to be named as they were not authorised to speak to the media.

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