ByteDance's TikTok TO OPERATE AS A U.S. COMPANY, TO AVOID BAN

Highlights

• ByteDance has decided to place TikTok's headquarters in the U.S. as this move will help TikTok escape President Donald Trump's ban

• Reports state that independent third parties will take the roles of directors of the new company, while ByteDance will continue to run TikTok and its core algorithms

• Treasury Secretary Steven Mnuchin on Monday had said that there is also a commit....