Trump's TikTok Triumph: Navigating a Global Tech Tangle
President Donald Trump signed an executive order requiring TikTok's U.S. operations to be sold to American and global investors by December 16, 2024, to comply with a new law. With 170 million U.S. users, TikTok has been credited by Trump for aiding his reelection. Efforts are ongoing to secure the necessary approvals.
- Country:
- United States
In a significant move, President Donald Trump issued an executive order on Thursday, mandating the sale of TikTok's U.S. operations to American and global investors to align with a forthcoming 2024 legislation. This law will otherwise ban the popular short video app unless its Chinese owners divest.
The deadline for compliance with this legislative requirement has been extended to December 16, as efforts are underway to extract TikTok's U.S. assets from its global platform, secure American investors, and obtain necessary approvals from the Chinese government.
With TikTok boasting 170 million U.S. users, President Trump has acknowledged its influence in aiding his successful reelection last year. The White House has even initiated an official TikTok account, underscoring the platform's pivotal role in contemporary politics.
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- Trump
- TikTok
- executive order
- sell
- US operations
- China
- investors
- White House
- followers
- reelection
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Trump says China's Xi has approved of proposed deal putting TikTok under US ownership, reports AP.
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