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ByteDance won't sell TikTok, would rather pull it from the US
(www.androidauthority.com)
This is a most excellent place for technology news and articles.
They would say that at this stage. They are still working on getting the law overturned by courts and threat of shutdown mobilizes people against the law in a way that selling it wouldn't.
When the time comes to shut down they will probably do some paper work fuckery that technically makes it an Irish company but doesn't change the people in the company.