Axios - The Biden administration warned TikTok that it faces a ban in the U.S. if its Chinese parent company, ByteDance, doesn't sell its stake in the U.S. version of the app, a source confirmed to Axios' Sara Fischer and Ashley Gold. TikTok has become one of the most popular mobile apps in the country, amassing over 100 million U.S. users. A ban would have an immediate impact on millions of Americans, and would mark a significant escalation of tensions between China and the U.S. - CFIUS the Committee on Foreign Investment in the U.S.- a regulatory arm that reviews foreign investments — told TikTok that the government planned to ban the app in the U.S. if its owners didn't sell it, a TikTok source said, confirming a Wall Street Journal report.
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