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.

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

An executive order signed by Trump gave the social media's Chinese parent company, ByteDance, 75 days to sell its interests. That deadline is April 5.

At least five class actions claiming that TikTok illegally siphons children's data without parental consent have been filed in California district courts since January, joining a mounting wave of federal and state litigation related to the platform's impact on children's mental health and privacy.

President Trump on Thursday suggested he would consider extending the deadline for a ban on TikTok for a second time if a deal isn’t reached, stating there is “a lot of interest”

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

An investor has an offer for TikTok and says if successful, it will create a Silicon Valley in Wyoming. Reid Rasner says TikTok and the technology will add to the state's economy.

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,