Donald Trump has extended the deadline on the TikTok ban by 75 days but is now pushing for 50 percent U.S. ownership—an unlikely scenario.
TikTok restored US services after Donald Trump pledged to delay enforcement of a ban. Yet it’s not clear whether the app’s Chinese parent is able — or willing — to secure a US backer in time to avoid a permanent shutdown.
Trump warned he could hit China with 100% tariffs if it intervened and blocked a deal to allow 50% U.S. ownership of TikTok.
A change to China’s export rules could give Beijing sign off on any deal that would force the internet giant ByteDance to give up TikTok.
"Shark Tank" investor Kevin O'Leary discussed TikTok's future, particularly the role of a "secret golden share" as his offer for the platform remains on the table.
In a historic development, Chinese-owned social media platform TikTok has become the center of a bipartisan bill to ban the app nationwide in the name of national security. Xiao Qiang, a research scientist at the UC Berkeley School of Information and a prominent scholar in the study of state censorship,
The aim is to place oversight control in the hands of American software company Oracle and other investors. Under federal law, TikTok must split apart from China, or face a nationwide ban.
It’s only fitting that TikTok’s fate turn into a wild dance. As the U.S. Supreme Court weighs up the constitutionality of a proposed ban on the popular video app, Beijing has pirouetted into the possibility of letting ByteDance sell it to Elon Musk,
The TikTok ban won't be enforced until April, but there will be plenty of contentious negotiations between China, the U.S., and prospective buyers in the meantime.
Chinese authorities appear to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ByteDance to begin talks with American investors, according to people familiar with the matter.
TikTok is up for grabs in the United States after President Donald Trump stepped in as its savior and delayed a law that could have forced it to cease operations on January 19. He now wants a US investor to take a major stake in the renowned platform for short videos and end its misery once and for all.