https://techcrunch.com/2020/07/31/trump-order-tiktok-bytedance-china/

President Trump has plans to order China’s ByteDance, the owner of hit social video app TikTok, to divest from the company, according to new reporting from Bloomberg. The app is increasingly a target of U.S. security concerns over its Chinese ownership.

While little is known about what that could mean — or if it’s how a sale of TikTok would really take place — the event would send huge waves through the tech world. TikTok is one of the only meaningful outside competitors for U.S.-based social networks like YouTube and Facebook.