President-elect Donald Trump has made an announcement that could potentially save TikTok from a permanent US ban. With millions of users waking up to find the app no longer accessible, Trump revealed his plan to issue an executive order that would provide TikTok’s parent company, based in China, more time to find an approved buyer. Here’s a breakdown of the situation:
- Trump plans to extend the time before the law’s prohibitions take effect, giving TikTok a chance to stay in operation.
- He emphasized the importance of allowing Americans to witness events like the Inauguration on Monday.
- The law allows for a 90-day extension to facilitate a viable sale, although ByteDance had previously stated they would not sell.
- Trump expressed interest in the US having a significant ownership stake in a joint venture with TikTok.
- TikTok faced a ban due to national security concerns related to its Chinese ownership. The law was passed with bipartisan support and quickly signed by US President Joe Biden.
The situation resulted in TikTok being removed from app stores and users facing service interruptions. While investors have made offers, finding an approved buyer remains a challenge. The law allows the sitting president to extend the deadline by 90 days in such circumstances.
In the midst of this uncertainty, TikTok CEO Shou Chew expressed gratitude toward Trump for working to keep the app available in the US. The possibility of a partnership with Perplexity AI has also emerged as a potential solution.
The ban on TikTok in the US has raised national security concerns regarding Chinese ownership and data collection. The law was upheld by the US Supreme Court, citing risks to national security over concerns about limiting free speech.
As the situation continues to unfold, it remains to be seen what the future holds for TikTok in the United States. The collaboration between stakeholders and government entities will play a crucial role in determining the fate of the popular video-sharing platform.
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