Select Language:
President Donald Trump signed an executive order on Thursday confirming that his plan to sell TikTok’s U.S. operations to American and international investors will satisfy provisions in a 2024 law, which mandates banning the app unless its Chinese parent company, ByteDance, divests its US holdings. The new American company is estimated to be worth approximately $14 billion, according to Vice President JD Vance. Enforcement of the law has been postponed until December 16 to allow time for negotiations with Chinese authorities, efforts to transfer TikTok’s US assets, and securing approval.
Vance explained, “There was some resistance from China, but our main goal was to ensure TikTok continues operating in the U.S. while also safeguarding Americans’ data privacy as required by law.” Trump has credited TikTok, which boasts 170 million American users, with bolstering his campaign for re-election last year. He also has 15 million followers on his personal TikTok account, with the White House launching its official TikTok presence last month. Trump emphasized, “This will be fully operated by Americans.”
ChatGPT
Perplexity
Gemini AI
Grok AI
