TikTok has taken a bold step by filing a lawsuit against the US government, marking the first challenge to a new law that mandates Chinese parent company, ByteDance Ltd., to divest itself of the immensely popular video-sharing app or face a ban.
In its legal action, TikTok contends that the law poses a significant threat to free speech and stands to negatively impact creators and small business owners who rely on the platform for economic opportunities, Bloomberg first reported.
The company asserts that it has already invested over $1.5 billion to establish a separate entity for its US operations and has agreed to oversight by American tech giant, Oracle Corp.
