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- Trump grants 75-day extension to TikTok to find non-Chinese buyer
Trump grants 75-day extension to TikTok to find non-Chinese buyer
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US President Donald Trump has extended the deadline for TikTok to find a non-Chinese buyer to 75 days, as per an executive order announced on Friday. This is the second time Trump has delayed the ban or sale of the social media app, first extending a January deadline set out in the law passed by the US Congress last year. Trump has insisted his administration is near a deal for a buyer for the app.
My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress.
We do not want TikTok to 'go dark.' We look forward to working with TikTok and China to close the deal.
A transaction requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.
We have a situation with TikTok where China will probably say we'll approve a deal, but will you do something on the tariffs. The tariffs give us great power to negotiate.
ByteDance has been in discussion with the US government regarding a potential solution for TikTok US. An agreement has not been executed. There are key matters to be resolved. Any agreement will be subject to approval under Chinese law.
The main reason for all this is the control of data and the control of the algorithm.
If the algorithm is still controlled by ByteDance, then it is still controlled by a company that is in a foreign, adversarial nation state.
TikTok without its algorithm is like Harry Potter without his wand – it's simply not as powerful.
TikTok Security Fears
- As US deadline looms, Amazon and OnlyFans founder make last-minute bids for TikTok
- US Tariffs on China May be Reduced in Exchange for TikTok Deal with Chinese Owners
- TikTok returns to US app stores following Trump's delayed ban implementation
sources
- 1.The Guardian
- 2.France 24
- 3.Al Jazeera
- 4.CNA News
- 5.Le Monde
- 6.The Times of India
- 7.ABC News
- 8.Agence France-Presse
- 9.New York Times
- 10.Reuters
perspectives
- 1.US under Donald Trump
- 2.2024 US Presidential Election
- 3.US-China Relations
- 4.Espionage
- 5.Tech industry
- 6.Regulation
- 7.Social Media
- 8.Freedom of Speech
- 9.Advertising Industry
- 10.Child Health
- 11.China-EU Relations
- 12.Privacy Rights
countries
organizations
- 1.TikTok
- 2.ByteDance Ltd
- 3.Oracle
- 4.Truth Social
- 5.Walmart
- 6.Blackstone Group
- 7.Apple
- 8.Forrester
- 9.Google
- 10.OnlyFans
- 11.Republican Party
- 12.YouTube
persons
- 1.Donald Trump
- 2.Larry Ellison
- 3.Chris Pierson
- 4.Kelsey Chickering
- 5.Alan Rozenshtein
- 6.Daniel Ryave
- 7.Frank McCourt