New Delhi: After being banned in India, there is a demand for ban on TikTok in America. As such, TikTok’s parent company ByteDance is considering changing the company’s corporate structure. According to a Wall Street Journal report, ByteDance Management is considering creating a separate management board for TikTok and moving its headquarters out of China.
Recently, when the Indian government decided to ban 59 Chinese apps including TikTok, the government said that this has been done keeping in mind the privacy of users. Meaning these apps were accused of data sharing. However, TikTok has consistently argued that data storage is being done in Singapore. Also, the Chinese government never talked about data sharing nor will the company ever do so.
ByteDance Management here says that we do not tamper with users’ data and data privacy and security is our first priority.
The company has lost hundreds of crores due to the ban in India. According to a report, TikTok will incur a loss of at least $ 6 billion due to the ban. In the name of data security and data privacy, it is possible that in the coming days, the company will have to face a similar phenomenon in other countries. In such a situation, the company has started working on the option of a new hideout for itself in time.
