TikTok, which had been facing a Saturday deadline for a deal, now has another 75 days to find a new owner to comply with a federal law that requires it to change its structure to resolve national security concerns. That puts the new deadline for a deal in mid-June.
President Donald Trump announced on Friday that he will again delay enforcement of the TikTok sale-or-ban law for 75 days, as his staff continues to work on a deal to preserve access to the app in the United States.
Trump said his order will give TikTok's Chinese parent company another 75 days to sell its stake in the social media app or else be banned in the U.S.
The White House has examined a menu of options to avert a TikTok ban deadline set for Saturday. One proposal — letting TikTok’s Chinese owner lease the algorithm to a TikTok spinoff in the U.S. — would probably face resistance from China hawks in Trump’s party.
TikTok, one of the most popular social media platforms in the United States, has four days to reach a deal divesting it of Chinese ownership before it goes dark. The app, which is owned by China’s ByteDance,
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DMR News on MSNSupport for TikTok Ban Declines Among AmericansA new poll indicates that Americans disapprove of the government’s planned ban on TikTok. Opposition to the ban is growing and with it, U.S. corporate interest in buying the app has been rekindled. According to a new Pew Research Center survey,
Substack is now joining in on the vertical video feed trend as TikTok is in hot water and risking a ban once again.
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President Donald Trump has hinted that a deal for TikTok’s US operations could be finalised before the looming April 5 deadline. Trump said there are a lot of potential buyers for TikTok and they are also dealing with China.