TikTok developer ByteDance has come under increased scrutiny from governments and regulators over fears that Beijing could gain access to the company's database — something that could be used to potentially harvest users' data to spy on Western nations to advance China's interests. This dramatic move by the Biden administration demanding divestment or a nationwide ban on TikTok is based on well-founded security concerns.
The US government has not presented any meaningful evidence that the TikTok app poses a threat to national security. Instead, it has attempted to spread misinformation and unreasonably suppress legitimate private firms. The US crackdown on TikTok is nothing less than xenophobic bullying. They should stop the harassment and start providing a fair, transparent, and non-discriminatory business environment for foreign companies.
There's a 25% chance that the US will ban Tiktok before 2024, according to the Metaculus prediction community.