Trump plans to extend TikTok's U.S. stay, seeks 50% U.S. ownership
Investing.com -- President-elect Donald Trump has announced his intention to issue an executive order on Monday that will extend the period before the law's prohibitions on TikTok take effect. The move is aimed at providing more time to strike a deal that would ensure national security.
Trump further expressed his desire for the United States to hold a 50% ownership stake in a joint venture. The goal is to keep TikTok running, maintain it under responsible ownership, and ensure its survival. As per Trump, without U.S. approval, there's no TikTok, but with it, the platform could be worth hundreds of billions or even trillions of dollars.
On who could potentially own part of TikTok, Elon Musk - a close friend of Trump - has been rumored as a possible suitor. In addition, an analyst at
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