According to former head engineer for US locations of TikTok, their services are centralized in China to the extent that it probably cannot even run off the US locations alone, and the Chinese owners ByteDance had complete access to everything on the platform including user data and if you believe security experts: your photo library, text message history, contacts list, and information of nearby wireless devices that you’ve so much as passed by. Also, they’re a military partner in China.
That’s not a US Corporation in any way, shape, or form. That is espionage. The fact that they announced they won’t sell shows that they were never a business operating for profit, it was always about control.