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Axios
Axios
Technology

TikTok CEO to tell Congress app ban would "hurt" U.S. businesses and "damage" economy

TikTok United States Shou Zi Chew ByteDance China

TikTok CEO Shou Zi Chew will tell lawmakers Thursday that banning the app in the U.S. would hurt American businesses and the country's economy, according to newly released remarks prepared for his testimony before Congress.

Driving the news: The Biden administration has warned the firm that it faces a ban in the United States if its parents company, ByteDance, doesn't sell its stake in the U.S. version of the app amid national security concerns, per Axios' Sara Fischer and Ashley Gold.

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