TikTok to operate as a US company, White House adviser says

White House economic adviser Larry Kudlow told reporters such a move would be a better option than a ban on the app, which was threatened by State Department Secretary Mike Pompeo against the company earlier this month.

"We haven't made final decisions but...I think TikTok is going to pull out of the holding company which is China-run and operate as an independent American company," Kudlow said.Kudlow did not specify whether TikTok's ownership would change under the proposed structure. He declined to comment when asked if U.S. companies could acquire TikTok.

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TikTok to operate as a US company, says White House adviser Larry KudlowWASHINGTON (REUTERS) - A top White House adviser said on Thursday (July 16) that he expects TikTok to separate organisationally from its Chinese owner Beijing ByteDance Technology, amid growing US concerns about the security of the data handled by the short video app.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »