The president has said he is in constant talks to have domestic investors take over the popular app to reduce its Chinese ownership
US President Donald Trump announced on Saturday that he is working on a plan to save TikTok and may decide on its future within the next 30 days. Speaking to reporters aboard Air Force One en route to Florida, Trump said there is great interest in the app among US investors.
The announcement follows TikTok’s brief shutdown in the US last weekend after ByteDance, its parent company, missed a January 19 deadline to divest its American operations. The shutdown came after the US Supreme Court upheld a federal law mandating that ByteDance sell the app to a US company, citing national security concerns. The platform was restored hours later after Trump announced plans to issue an executive order extending the compliance deadline by 90 days and pitched a plan to seek US acquisition of a majority stake in TikTok.
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