Canada Orders TikTok to Dissolve Local Business

• Canada won't block TikTok but orders dissolution of its Canadian business.
• Decision made after national security review of ByteDance, TikTok's parent company.
• Dissolution order made under Investment Canada Act, addressing potential harm to national security.
• TikTok spokesperson says shutdown will result in loss of local jobs.
• TikTok faces increasing scrutiny over security and data privacy in Europe and America.

Source: Fast Company