TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
President Donald Trump issued an executive order aiming to temporarily halt a law requiring TikTok to sell U.S. assets or be banned in the U.S.
President Donald Trump signed an executive order to further delay the TikTok ban in the U.S. In a statement shared hours after he was sworn in on Monday, Jan. 20, Trump announced he was giving TikTok 75 more days before a law banning the social media platform in the U.S. would take effect.
Donald Trump told a pre-inaugural, MAGA-heavy rally that “TikTok is back,” as he has pledged to sign an executive order that will give the social media platform more time amid a new U.S. law requiring a divestiture from its Chinese parent ByteDance.
Reports have identified potential buyers for TikTok, including Steven Mnuchin, Frank McCourt, and Kevin O'Leary of Shark Tank fame. In a Fox News interview, O'Leary clarified that Trump is acting as an advisor on the matter, not a potential buyer.
The president-elect Sunday pledged an executive order, hours into his second term, returning access for American users, at least temporarily.
"There's no legal basis for any kind of 'extension'" to keep the popular social media app running, warned GOP Sens. Tom Cotton and Pete Ricketts on Sunday.
President Donald Trump has taken the first steps toward enacting his sweeping agenda with a series of executive actions that are expected to kickstart his promised transformation of the federal government.
Report TRUMP FIRST 100 DAYS © AP PhotoTrump takes ‘America First’ to the world stage PRESIDENT TRUMP TOOK HIS “AMERICA FIRST” DOCTRINE to the world
Adam Cohen is among the more than 170 million U.S. users awaiting TikTok's fate. The Tamalpais Valley resident, known on the popular social media platform as "Marin Dad," produces satirical videos about life in Marin County and promotes local businesses on social channels.