TikTok says US threatens ban if Chinese owners don’t sell stakes

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By Echo Wang and David Shepardson WASHINGTON (Reuters) -The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move is the most dramatic in a series of recent steps by U.S. officials and legislators who have raised fears that TikTok’s U.S. user data could be passed on to China’s government. ByteDance-owned TikTok has more than 100 million U.S. users. It is also the first time under the administration of Democratic President Joe Biden that a potential ban on TikTok ha…

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