US President Donald Trump has once again spoken about future of TikTok suggesting that a change in ownership may be possible.
His recent remarks have sparked discussions about whether the popular video-sharing platform will be sold or face a ban. Trump administration has also expressed interest in mediating a potential sale.
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For years, TikTok has been at the center of controversy in US due to national security concerns. On January 19 app temporarily banned but later reinstated after Trump took office.
Now Chinese-owned ByteDance may be forced to sell TikTok or face restrictions as US government evaluates its options. Talks regarding a sale are already underway.
Trump recently shared his views on Truth Social stating his strong interest in TikTok. He acknowledged the app’s significance not only for China but for all stakeholders. His remarks have added a new dimension to the ongoing ownership debate.
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Trump administration has officially stepped in as a mediator for the potential sale. An executive order has postponed TikTok’s ban for 75 days allowing time to reach a deal.
US investors and major tech companies have already shown keen interest in acquiring the platform leading to competition among top firms.
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Government aims to find a solution that addresses national security risks while keeping TikTok accessible to users. Experts believe the app’s future will depend on investor interest and administration’s final decision in coming weeks.
