In the statement made by ByteDance late at night on April 25, it was announced that there were no plans to sell TikTok.
US President Joe Biden signed the bill on April 24 to ban TikTok if it is not transferred. With the bill, the Chinese company ByteDance, which is the main partner of the company, will be required to transfer the platform. Otherwise, the TikTok app will be removed from internet app stores in the USA for 5 months or completely.
TikTok CEO Shou Zi Chew stated in his statement on April 24 that they would file a lawsuit regarding the unconstitutional ban of the US administration and that TikTok would not leave the US.