ByteDance Ltd. has asked a San Francisco federal court to impose $6.2 million in sanctions against a pair to attorneys representing a whistleblower whose legal case against the Chinese tech conglomerate fell apart last year.

The parent company of TikTok has offered US employees the chance to sell shares they might hold in ByteDance, a privately owned company, which could have a knock-on effect on any eventual sale of the social media app.

WASHINGTON (TNND) — Reid Rasner, a Wyoming businessman, said Thursday the Trump administration is taking his offer to buy TikTok “very seriously.” Rasner discussed the bid, for $47.45 billion, during an interview with NBC News anchor Savannah Sellers, who asked him whether the administration has reviewed the offer.

President Donald Trump said Thursday if it was needed, "I'd probably get an extension" on the deadline his administration has given ByteDance to sell social media site TikTok.

Under his proposed plan, the platform would offer payment tiers for users to buy into the platform as “founding members.”

Social-media giant ByteDance is seeking to leverage the popularity of its domestic short video app, Douyin, to widen the usage of the company's artificial intelligence (AI) chatbot Doubao. TikTok sibling Douyin - which had 880 million monthly active users in January,

The Albanian Cabinet has decided to shut down TikTok for 12 months, blaming the video-sharing platform for inciting violence and bullying, especially among children