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Donald Trump, who is set for his inauguration on Monday, said that he will issue an executive order to delay the TikTok ban enforcement for 90 days.
Donald Trump Proposes ‘50% US Ownership’ Of TikTok (Reuters Image)
TikTok, which went dark across the US, began restoring its services on Sunday following incoming President Donald Trump’s assurance to revive the platform’s access in the country after his inauguration on Monday.
Earlier on Saturday, TikTok was forced to suspend its operations in the United States, which fell in line with the ban order by the outgoing Biden administration.
TikTok Thanks Trump
The Chinese company thanked Trump for the “necessary clarity and assurance” of its resumption.
“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 and allowing over 7 million small businesses to thrive. 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,” TikTok said in a statement.
It hailed the incoming President and said that TikTok is back in the US “as a result of President Trump’s efforts”.
The Chinese company’s praise for Trump followed Trump’s post on his social media platform Truth Social where he said that he will “issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect”.
Trump Proposes 50% US Ownership Deal To TikTok
However, Trump also proposed a 50% ownership deal to TikTok to stay alive in the US.
“I would like the United States to have a 50% ownership position in a joint venture. By doing this, we save TikTok, keep it in good hands and allow it to say up. Without U.S. approval, there is no Tik Tok. With our approval, it is worth hundreds of billions of dollars – maybe trillions,” Trump said.
TikTok went dark for its 170 million American users on late Saturday before a law to ban it on the grounds of national security came into enforcement on Sunday.
US authorities had warned that ByteDance, TikTok’s Chinese parent company, could pose a risk of Americans’ data being misused.
Notably, Trump’s recent remarks on TikTok are contrasting to what he said during his first term between 2017 and 2021. He earlier wanted to ban the Chinese app, raising concerns that the company was sharing the personal information of US citizens with the Chinese government.
However, recently, he credited the app with helping him get young voters’ votes in the November 2024 polls, and said that he has a “warm spot in my heart for TikTok”.
- Location :
Washington D.C., United States of America (USA)
