TikTok's parent company ByteDance said on Wednesday that recent reports about its plan to launch an independent version of TikTok for US users are false.ByteDance reportedly plans to develop a new TikTok application, internally codenamed M2, with new algorithms and data systems that will not be connected to the global application. Related NewsEIA Crude Oil Stocks Change for Jul/04 in United States is 7.070M, higher than the previous value of 3.845M. The forecast was -2M.The plan aims to facilitate a potential sale of TikTok organized by US President Donald Trump, report said.