TikTok deal remains elusive as Biden administration works to solve data concerns
The Biden administration and TikTok are working on an agreement that would let the video-sharing site keep operating in the US, but negotiations have stalled over concerns that the company’s Chinese ownership poses a national security threat, people with knowledge of the matter said.
Once reached, the agreement would allow the platform to continue operating in the US, though it would place additional restrictions on how data from US users is stored, said the people, who asked not to be named discussing a national security matter.
The app has been under scrutiny by US officials since 2019, when the Committee on Foreign Investment in the US — or Cfius — began reviewing a merger between the app’s parent company ByteDance Ltd. and Musical.ly.