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Exclusive: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
(www.reuters.com)
This is a most excellent place for technology news and articles.
Regarding freedom of speech, banning TikTok is not the government oppressing your rights to say things.
The courts have repeatedly ruled that freedom of speech comes with freedom of association.
Montana tried banning TikTok and a judge blocked it for that reason - it infringes upon free speech. I think Bytedance will likely sue federal government under similar grounds. The government cannot arbritarily control what you want to say, who you want to say it to, or where you want to say it.