It is true that the ban, running under the legislation titled "Protecting Americans from Foreign Adversary Controlled Applications Act," has run on the grounds that the app poses "a national-security threat of immense depth and scale," according to the U.S. Justice Department .

Beijing-based ByteDance was given the ultimatum in April when US President Joe Biden signed into law the Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA). As the ban draws closer,

If not sold, the app would be banned on9.

If ByteDance decides to sell, TikTok's U.S. operations could be worth as much as $50 billion. The Chinese government has considered a plan in which Elon Musk could acquire TikTok's operations as part of several potential scenarios.