ByteDance, the parent company of TikTok, faced a significant operational loss as the app was banned in the United States. This resulted in the app's removal from major app stores and impeded its ability to function or receive updates, effectively disabling access for millions of users. The ban, driven by the Protecting Americans From Foreign Adversary Controlled Applications Act (PAFACA), while not making the app illegal, has created a substantial barrier for ByteDance's TikTok in the US market. With users flocking to alternate platforms and seeking workarounds such as VPNs, the app's future in the US remains uncertain, with the impact yet to be fully quantified.
Source: https://www.wired.com/story/how-to-get-around-the-us-tiktok-ban/
"id": "byt000012225",
"linkid": "bytedance",
"type": "Cyber Attack",
"date": "1/2025",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"