TikTok Faces Uncertain Future Amid U.S. Divestment Mandate

Biden's legislation forces ByteDance to sell TikTok or face a ban, sparking legal battles and potential acquisitions.

ByteDance must sell TikTok within a year or face a U.S. ban under new legislation.
Several investors, including Frank McCourt and Steven Mnuchin, are interested in acquiring TikTok.
Legal challenges argue the divestment mandate violates the First Amendment and is technologically unfeasible.
TikTok claims user data is already stored in the U.S., but concerns over data security persist.
The Chinese government is unlikely to allow the sale of TikTok's core algorithm, complicating acquisition efforts.