Trump says he's asking companies not to let TikTok go dark, will sign an EO tomorrow and argues for 50% US ownership.
— Kaitlan Collins (@kaitlancollins) January 19, 2025
"My initial thought is a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership in a joint venture set up between the… pic.twitter.com/Sfo3mUUvug
AP
President-elect Donald Trump said Sunday that he plans to issue an executive order that would give TikTok’s China-based parent company more time to find an approved buyer before the popular video-sharing platform is subject to a permanent U.S.ban.
Trump announced the decision in a post on his Truth Social account as millions of TikTok users in the U.S. awoke to discover they could no longer access the TikTok app or platform. Google and Apple removed the app from their digital stores to comply with a federal law that required them to do so if TikTok parent company ByteDance didn’t sell its U.S. operation to an approved buyer by Sunday
He said his order would “extend the period of time before the law’s prohibitions take effect” and “confirm that there will be no liability for any company that helped keep TikTok from going dark before my order.
“Americans deserve to see our exciting Inauguration on Monday, as well as other events and conversations,” Trump wrote.
The law gives the sitting president authority to grant a 90-day extension if a viable sale is underway. Although investors made a few offers, ByteDance previously said it would not sell…
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