Trump announces 50% joint venture plan to revive TikTok

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Trump announces 50% joint venture plan to revive TikTok
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on Truth Social, Trump asked companies “not to let TikTok stay dark,” saying he would issue an executive order right after taking office to extend the deadline, which was Sunday. The plan to keep TikTok operational after he takes power, presented for the first time, would involve a joint venture, with the United States having a 50% ownership position.“By doing this, we save TikTok, keep it in good hands and allow it to say up. Without U.S. approval, there is no TikTok.

TikTok ceased operations on Saturday night ahead of the ban, along with other apps owned by ByteDance, such as the video editing software CapCut. Users of TikTok were greeted with a message of optimism, thanking Trump for his efforts. “Sorry, TikTok isn’t available right now,” the message read. “A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now. We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned!”options Trump could have taken to overturn the TikTok ban, with his joint venture plan being a new development.

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