The Biden administration has warned TikTok it may be banned in the United States if its Chinese parent company doesn’t sell its stake in the popular video app, according to a TikTok spokesperson.
The U.S. regulator for foreign investments in America, the Committee on Foreign Investment in the United States (CFIUS), issued the warning to TikTok, the company told Reuters on Wednesday.
The ban would be a significant development in a recent series of moves by U.S. officials and lawmakers, with some who’ve been concerned the app may effectively be a Chinese “spy balloon in your phone.”…