US President Trump has granted ByteDance, TikTok's owner, a 75-day extension to avoid a ban on the app in the United States. The Biden administration had previously extended the deadline but stated it wouldn't enforce the law requiring ByteDance to sell most of its stake in TikTok. Trump's order allows TikTok to continue operating while his administration determines the next course of action. The law itself remains in place, and TikTok still faces a potential ban unless it finds a US company to take at least an 80% stake.
a 75-day extension during which the United States will not enforce the law meant to force the app's owner to sell the company., the Chinese company ByteDance, to sell most of its stake for TikTok to continue to operate in the United States. It went into effect Sunday, but the Biden administration said it wouldn't enforce the law. Now, Trump is continuing that approach.
Apple and Google didn’t immediately respond to requests for comment. TikTok is not currently available in either company's app store. The extension does not overturn the law — the president has no such authority. TikTok still must either find a U.S. company to take an 80% stake in it or it will be banned under the law.
When questioned about his view on TikTok, President Trump said that the app is not a threat since it is mostly used by “young people." that he wanted to find a deal for TikTok that involved ownership split 50-50 between ByteDance and the United States, though it is unclear whether Trump meant a U.S. company and whether that deal would survive court challenges based on the law’s requirements.
TIKTOK USA BYTEDANCE BAN TRUMP CHINA INVESTIGATION
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