ByteDance CEO and founderZhang Yiming is struggling to maintain control of his company as investors push him to choose one of several drastic options intended to circumvent a ban in the US, $4.- The wildly popular social app $4 is owned and operated by ByteDance, prompting critics to accuse it of being a tool for the Chinese government to collect data.
President Trump recently $4, and other federal officials have echoed that sentiment. Both political parties have $4 on their work phones.
The billionaire founder of
Zhang Yiming is reportedly weighing several drastic options proposed by investors, ranging from an outright sale to US-based investors to transferring ByteDance's home base to the US.
Since ByteDance is a Chinese company,the company has repeatedly faced scrutiny from the Trump administration, including unfounded accusations of feeding user information to the Chinese government.
Officials have warned that the app could be outright banned in the US. Secretary of State Mike Pompeo $4" And both the Democratic and Republican Parties have $4, on their work devices.
Given the potential of a US ban, ByteDance investors are reportedly pushing Yiming on a variety of actions intended to circumvent a potential ban. Some US investors have even reportedly $4 in the company in order to quell concerns of Chinese influence.
Yiming has pushed back on these ideas, according to Bloomberg, as the founder wants to retain control of the wildly popular app — TikTok has an estimated $4.
ByteDance has taken steps to assuage American politicians: The company $4 in Washington, DC, among other things.
In a statement to Bloomberg, the company echoed previous denials that it feeds user data to the Chinese government: "We have never provided user data to the Chinese government, nor would we do so if asked."