United States not extending TikTok divestiture deadline, but talks will continue

The Trump administration contends TikTok poses national security concerns as the personal data of US users could be obtained by China’s government. TikTok, which has over 100 million US users, denies the allegation. — Reuters

WASHINGTON DC/NEW YORK: The Trump administration on Dec 4 opted not to grant ByteDance a new extension of an order requiring the Chinese company to divest TikTok's US assets, but talks will continue over the short video-sharing app's fate, two sources briefed on the matter said.

A US Treasury Department representative said late on Dec 4 that the Committee on Foreign Investment in the United States (CFIUS) "is engaging with ByteDance to complete the divestment and other steps necessary to resolve the national security risks."