Entity: ByteDance
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ByteDance

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A law passed by the U.S. Congress in April 2024 required TikTok's China-based parent company, ByteDance, to divest its U.S. operations or face a ban.
April 01, 2024 high legal
U.S. congressional legislation from April 2024 imposed divestiture-or-ban requirements on ByteDance regarding TikTok's U.S. operations.
U.S. legislation passed with bipartisan support requires that any divestment of TikTok must sever the platform's ties with its Chinese parent company, ByteDance.
high policy
Statutory condition attached to allowed divestment of TikTok.
ByteDance is a China-based company that owns the social media app TikTok.
high corporate
Ownership and nationality of the company behind TikTok.