ByteDance would forfeit stake in US operations of TikTok to preserve deal: report

ByteDance, the Chinese company that owns the popular social media platform TikTok, said it would forfeit its stake in the U.S. operations of the app as a way to reach a deal with the Trump administration.Two people familiar with the discussions told Reuters Saturday of the foreign tech company’s alleged offer after President Trump told reporters onboard Air Force One Friday he would order TikTok to be banned in the U.S. this weekend over…