TikTok is owned by who? What you should know about parent company ByteDance in light of the app sell-or-ban bill

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TikTok is used by over 170 million Americans. Some people use it as a playful social media app. Some see it as a business. TikTok has had a profound influence on American culture

TikTok is used by over 170 million Americans. Some people use it as a playful social media app. Some see it as a business. TikTok has had a profound influence on American culture since its use surged during the pandemic, serving as a career launcher, community center, and search engine.

But it's unclear what will happen to the well-liked app now that Biden has signed a sell-or-ban bill into law in late April. Supporters of the proposal argue that it is necessary for national security, while opponents claim it threatens free expression.

TikTok is owned by who?
ByteDance, a private international business established by Chinese entrepreneurs, is the owner of TikTok. TikTok claims that the founders of the company own 20%, workers own 20%, and international institutional investors hold around 60% of the parent company.

When did TikTok launch?

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