ByteDance-owned TikTok on Thursday refuted a report stating that the platform is working on a clone of its recommendation algorithm for its 170 million U.S. users. What Happened: TikTok intends to create a version of its algorithm that functions separately from its Chinese parent company, potentially appeasing American lawmakers who have expressed intentions to ban it, reported Reuters, citing sources with direct knowledge of the development. The work on splitting the source code, which was ordered by ByteDance late last year, began before a bill to force a sale of TikTok’s U.S. operations gai…