TikTok reassures advertisers over U.S. ban threat, WSJ reports

TikTok has sought to reassure advertisers in recent days that the app is unlikely to be banned in the U.S. as some companies begin to make contingency plans for their ad spending, The Wall Street Journal’s Patience Haggin and Suzanne Vranica report, citing people familiar with the situation. The Biden administration has raised national security concerns about TikTok and is demanding that its Chinese owners sell their stakes in the popular video-sharing app or face a possible ban, The Wall Street Journal reported. TikTok is owned by Beijing-based ByteDance.Reference Link