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TikTok officially ‘under review’ by US foreign investment watchdog – NEWS.com.au

TikTok officially ‘under review’ by US foreign investment watchdog

Published

5 years ago

July 30, 2020

US President Donald Trump will receive a recommendation this week on whether to ban the viral video app TikTok following a review by the countrys foreign investment scrutineer. Treasury Secretary Steven Mnuchin confirmed on Wednesday that the app was under a national security review by the Committee on Foreign Investment in the United States (CFIUS).
The Committee has been investigating TikTok’s Beijing-based parent company ByteDance and its acquisition of former rival platform Musical.ly.
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