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Don’t think China will allow it to happen. Someone on here once explained why that’s the case but I can’t remember the details
There are a couple of points to consider the biggest one being that Americans as a user base are but a fraction of the global base,less than 10% iirc, and one of the hardest to monetize. Outside of financial considerations it's worth more to keep tiktok just for the global soft power it exerts on the other parts of the world and to send a message as well.