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US spending on TikTok Shop gains as TikTok faces threat of ban (www.reuters.com)

submitted 2 weeks ago by geneva_convenience@lemmy.ml to c/technology@lemmy.ml

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NEW YORK, Dec 7 (Reuters) - U.S. TikTok users spent heavily to buy merchandise from a range of vendors on the e-commerce platform TikTok Shop so far this holiday shopping season, according to TikTok estimates and a Reuters analysis of spending patterns measured by data from Facteus.

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[–] scrubbles@poptalk.scrubbles.tech 0 points 2 weeks ago

"~~threat~~ confirmation of ~~ban~~ forced sale"

I'm really tired of the media and the sensationalized headlines that it's being "banned". It's not. It's a forced sale or a spinoff. It's just that byte dance can't operate it in the US anymore, they are free to sell it or spin it off as its own non-Chinese backed company and continue standard operations.