I can’t give up on the video recommendation algorithm.
“There are no plans to sell the US business rights.”
Zoom in Chu Shouz TikTok CEO photo <사진=AP 연합뉴스>
It has been reported that ByteDance is in a position to stop services in the US rather than sell its TikTok subsidiary.
On the 26th (local time), Reuters reported, citing multiple officials, that ByteDance plans to terminate TikTok’s services in the United States if its lawsuit against the recently passed ‘TikTok Forced Sales Act’ does not work.
The biggest reason ByteDance isn’t considering selling TikTok is because of its own algorithm-related patents. ByteDance holds patents related to TikTok’s video recommendation algorithm.
A ByteDance official said, “The algorithm used to operate TikTok plays a key role in the overall operation of ByteDance,” and added, “We believe that there is little possibility of selling the TikTok app with such an algorithm built into it .”
On the 24th, US President Joe Biden signed a bill banning the video sharing platform TikTok from serving in the US if it is not separated from its Chinese parent company, ByteDance, within 270 days (the president can extend 90 days).
With President Biden’s signature, ByteDance faces the fate of having to sell TikTok’s business rights in the United States or suspend services in the United States by January 19 next year.
ByteDance immediately released a statement on this day and said it had no plans to sell TikTok.
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