Trump says he wants the U.S. to have a '50% ownership position' in TikTok.
TikTok became available for users in the U.S again on Sunday after president-elect Donald Trump promised to sign an executive order that will delay a ban on the platform. TikTok’s app became unavailable for American users late Saturday in preparation for a law that took effect Jan. 19, the day before Trump will be inaugurated as president at noon E.T.
“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,” the ByteDance-owned company wrote. Bizarrely, Trump signaled that his primary concern about having TikTok available on Monday was that he wanted people to be able to see him become president again.
“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 wrote. Trump’s relationship with everyone has long been known to be transactional, but it’s not entirely clear yet whether the incoming president will personally profit from the TikTok deal, as he has in so many other areas of life.
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