Any company that hosts, distributes, services, or otherwise facilitates communist-controlled TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs.
Without US approval, there is no TikTok. With our approval, it is worth hundreds of billions of dollars – maybe trillions.
I think that would be, certainly, an option that we look at. The 90-day extension is something that will be most likely done, because it's appropriate.
I would like the United States to have a 50 per cent ownership position in a joint venture.
By doing this, we save TikTok, keep it in good hands.
In agreement with our service providers, TikTok is in the process of restoring service. We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties for providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive.
We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office.
We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans.
It's a strong stand for the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps TikTok in the United States.
I'm asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law's prohibitions take effect, so that we can make a deal to protect our national security.
In the short term, that's not likely to happen, but it is conceivable it could if things unravel, or if a deal can't be assembled, and it's important not to underestimate how difficult that may be.
For TikTok to come back online in the future, ByteDance must agree to a sale that satisfies the law's qualified-divestiture requirements by severing all ties between TikTok and Communist China. Only then will Americans be protected from the grave threat posed to their privacy and security by a communist-controlled TikTok.
The firm didn't actually need to shut down, but is doing so to allow Trump to 'rescue' TikTok when he takes office and make some kind of lousy deal and declare victory.
