TikTok, which has an office in Culver City, Calif., says its $1.5 billion security plan would essentially wall off its U.S. operations, with all data being stored in the U.S.WASHINGTON—The Biden administration is demanding that TikTok’s Chinese owners sell their stakes in the video-sharing app or face a possible U.S. ban of the app, according to people familiar with the matter.
The move represents a major shift in policy on the part of the administration, which has been under fire from some Republicans who say it hasn’t taken a tough enough stance to address the perceived security threat from TikTok, owned by Beijing-based ByteDance Ltd.