TikTok says US threatens ban if Chinese owners don’t sell stakes
ECHO WANG and DAVID SHEPARDSON THE Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters. The move is the most dramatic in a series of recent steps by U.S. officials and legislators who have raised fears that TikTok's U.S. user data could be passed on to China's government. ByteDance-owned TikTok has more than 100 million U.S. users. It is also the first time under the administration of Democratic President Joe Biden that a potential ban on TikTok has been threatened. Biden's predecessor, Republican…