TikTok officials say they are 'disappointed in the outcome,' but will remain focused on implementing a plan to keep the data of Americans safe.
An American company acquiring TikTok would require the blessing of Chinese officials, who for years have been hostile to the idea of selling off its first global social media success.
CFIUS appeared at first to be satisfied with the safety measures TikTok was enacting, though the deal had not been formally approved. TikTok's CEO, Shou Zi Chew, is scheduled to testify before the House Energy and Commerce Committee next Thursday. This comesthat would provide President Biden with the authority to ban TikTok.
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