ByteDance, the parent company of TikTok, is facing a tough decision amidst legal battles in the US. The recent bill signed by President Biden requires TikTok to be sold to a US-based company or face a ban. But ByteDance seems reluctant to let go of its popular app and may choose to shut it down instead.

Here are some key points to consider:

– ByteDance would prefer to shut down TikTok rather than sell it, according to exclusive reports.
– The crucial algorithms that power TikTok are essential to ByteDance’s overall operations, making a sale unlikely.
– Despite representing only a small portion of ByteDance’s revenues and daily active users, TikTok’s fate hangs in the balance.
– TikTok CEO Shou Zi Chew remains confident in overcoming legal challenges against the legislation.
– ByteDance’s revenue mainly comes from China, with apps like Douyin playing a significant role.
– Divesting TikTok along with its algorithms is deemed unfeasible due to intellectual property licensing issues registered under ByteDance in China.

In conclusion, the future of TikTok in the US remains uncertain as ByteDance weighs its options. Stay tuned for further developments as this story unfolds.