TikTok creator ByteDance has come under increased scrutiny from governments and regulators over fears that Beijing could gain access to the company's database, something it could use to harvest users' data to spy on Western nations to advance China's interests. The EU institutions' ban on TikTok is based on legitimate security concerns.
TikTok was caught completely off guard when the European Union’s executive arm told its staff to delete the video-sharing app from phones last week. The EU never reached out to the company prior to its decision, nor did it previously voice its concerns. Normally, EU institutions would inform a company of any case against it and what any relevant evidence had shown. They never gave TikTok a chance to defend itself.
There is a 20% chance the US will ban TikTok before 2024, according to the Metaculus prediction community.