TikTok faces data security concerns and potential shutdown in the U.S. due to Chinese ownership.ByteDance is negotiating with Microsoft and Google to store user data in U.S.-based data centers to address data privacy concerns.Microsoft is not only exploring ways to support TikTok's operations but also in talks to acquire the platform's American business entirely.The next few weeks will be critical in determining the future of TikTok in the U.S.