Focus on the BIG picture.
Wednesday, Feb 05, 2025
Outside the box.
Trump Might Offer TikTok a 90-Day Extension from Ban
President-elect Donald Trump proposes a 90-day postponement for TikTok's U.S. ban due to security concerns and legal uncertainties.
President-elect Donald Trump stated he is 'most likely' to give TikTok a 90-day extension to avoid a potential U.S. ban.
The Chinese-owned app, used by 170 million Americans, is facing a Sunday deadline to either cut ties with its parent company ByteDance or cease operations in the U.S. due to national security issues.
Trump could decide on the extension on Monday, his first day in office.
TikTok had previously cautioned that it would shut down on Sunday unless the Biden administration assured its business partners, such as Apple and Google, that they wouldn't face enforcement actions.
The White House dismissed TikTok's claim as a ploy, asserting that it was the responsibility of the incoming Trump administration to take action.
TikTok's fate remains uncertain, with users already exploring alternatives and benefiting competitors like Meta and Snap.
The Supreme Court recently upheld the ban, further complicating TikTok's situation.
TikTok CEO Shou Zi Chew is expected to attend Trump's inauguration on Monday, and there has been ongoing speculation about possible deals for TikTok's U.S. operations, including discussions with Elon Musk.
ByteDance, TikTok's parent company, is approximately 60% owned by institutional investors such as BlackRock and General Atlantic, with the rest held by its founders and employees.
The Chinese-owned app, used by 170 million Americans, is facing a Sunday deadline to either cut ties with its parent company ByteDance or cease operations in the U.S. due to national security issues.
Trump could decide on the extension on Monday, his first day in office.
TikTok had previously cautioned that it would shut down on Sunday unless the Biden administration assured its business partners, such as Apple and Google, that they wouldn't face enforcement actions.
The White House dismissed TikTok's claim as a ploy, asserting that it was the responsibility of the incoming Trump administration to take action.
TikTok's fate remains uncertain, with users already exploring alternatives and benefiting competitors like Meta and Snap.
The Supreme Court recently upheld the ban, further complicating TikTok's situation.
TikTok CEO Shou Zi Chew is expected to attend Trump's inauguration on Monday, and there has been ongoing speculation about possible deals for TikTok's U.S. operations, including discussions with Elon Musk.
ByteDance, TikTok's parent company, is approximately 60% owned by institutional investors such as BlackRock and General Atlantic, with the rest held by its founders and employees.
