Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Shortly after Monday’s inauguration, President Donald Trump signed an executive order extending the deadline for ByteDance to sell TikTok’s US operations, preventing the app from going dark. for an additional 75 days.
The executive order directs the US attorney general to refrain from enforcing the law that would ban the app and requires companies like Apple and Google to remove it from their app stores. TikTok did not immediately respond to a request for comment.
Days before the Jan. 19 deadline, Trump suggested he would “save” the app once he officially takes office. In an interview with Kristen Welker on NBC News SaturdayTrump said he would give ByteDance more time to find a buyer, but did not explain how he planned to do that. “We have to look at it carefully. It’s a very big situation,” he said.
Sunday in a true social postTrump confirmed that the extension would be done through an executive order that would allow his administration to negotiate a deal with ByteDance. In his post, Trump said he would pursue a 50 percent joint venture deal with ByteDance, preferably with a US company.
“By doing this, we save TikTok, put it in good hands and allow it to do that [stay] Up,” Trump wrote. “Without US approval, there is no TikTok. With our approval, it’s worth hundreds of billions of dollars — maybe trillions.”
ByteDance and TikTok have yet to publicly respond to Trump’s offer. At the signing ceremony on Monday, Trump said he thought TikTok CEO Shou Ji Chiu would “really like it.” Trump said private companies could be involved in financing the talks. “I think you have a lot of people who would be interested in TikTok as a partner in the United States,” he said.
The executive order itself does not mention sequestration, but rather says that the 75-day recovery is “an opportunity to determine the appropriate course of action in an orderly manner.”
The rush to get TikTok online came after the company suffered a devastating blow US Supreme Court. On Friday, the court upheld a law mandating the sale of TikTok to an American owner to prevent a nationwide ban. The decision comes just two days before the law comes into effect.
Shortly before midnight on Saturday, TikTok users received a notification warning them that the app was no longer available to US users as a result of sell-or-ban laws. Around the same time Apple and Google removed the app from their app stores, other ByteDance-owned apps were also removed, including CapCut, Lemon8 and Marvel Snap. TikTok was down for about 15 hours before the company issued a statement announcing that it would be back.
“In agreement with our service providers, TikTok is in the process of restoring service We thank President Trump for providing our service providers with the necessary clarity and assurance that they will not face any penalties for providing TikTok to more than 170 million Americans and allowing more than 7 million small businesses to thrive,” the company said. sunday the evening
The divestiture law has met with outrage from both sides of the aisle. “Meeting to overturn this TikTok ban in Washington DC,” wrote Soulja Boy Post on weekend x. The rap artist was in town to perform at a crypto industry launch party.
American financiers are diverse In-app purchases are consideredIncluding former Los Angeles Dodgers owner Frank McCourt and former Trump Treasury Secretary Steven Mnuchin. McCourt’s Project Liberty made a formal bid After the announcement of the Supreme Court verdict. Elon Musk’s name also came up in discussions about the deal with the Chinese government. According to Bloomberg.
On Monday, Trump suggested he may impose retaliatory tariffs against China if the Chinese government refuses to negotiate a deal with TikTok to address the US government’s national security concerns. “I’m not saying I will, but you certainly can,” he said.
