Trump reveals plan to save TikTok
US President-elect Trump plans to issue an executive order to reinstate TikTok, proposing a 50% stake for state ownership. Read Full Article at RT.com
TroibNews 
The president-elect of the United States has outlined an intention to issue an executive order aimed at reversing the shutdown of TikTok, which affects 170 million American users. This announcement came shortly after the app went offline.
According to a post on his social media platform, Trump plans to pursue a U.S. acquisition of a 50% share in TikTok through a joint venture.
“I’m asking companies not to let TikTok stay dark!” Trump wrote on Truth Social. “I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security. The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order.”
He added, “Without US approval, there is no TikTok. With our approval, it is worth hundreds of billions of dollars - maybe trillions.”
The shutdown of the Chinese-owned app occurred late Saturday following ByteDance's failure to meet a January 19 deadline to sell its American operations, as mandated by a federal law enacted last year.
On Friday, the Supreme Court affirmed the legality of the Protecting Americans from Foreign Adversary Controlled Applications Act, which called for the sale or cessation of the app, citing concerns related to national security.
In addition to TikTok, other ByteDance applications, such as the video editor CapCut and social platform Lemon8, were also removed from U.S. app stores.
As TikTok went offline, the rival Chinese app RedNote quickly became the most downloaded free app on the Apple App Store, with many users adopting the “#tiktokrefugee” hashtag as they transitioned to the new platform.
Trump's proposed executive order would allow ByteDance an additional 90 days to secure an approved buyer. Sources indicate that TikTok CEO Shou Zi Chew is expected to attend Trump's inauguration on Monday.
Neither the White House nor TikTok has provided immediate responses to requests for comment.
Camille Lefevre for TROIB News
According to a post on his social media platform, Trump plans to pursue a U.S. acquisition of a 50% share in TikTok through a joint venture.
“I’m asking companies not to let TikTok stay dark!” Trump wrote on Truth Social. “I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security. The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order.”
He added, “Without US approval, there is no TikTok. With our approval, it is worth hundreds of billions of dollars - maybe trillions.”
The shutdown of the Chinese-owned app occurred late Saturday following ByteDance's failure to meet a January 19 deadline to sell its American operations, as mandated by a federal law enacted last year.
On Friday, the Supreme Court affirmed the legality of the Protecting Americans from Foreign Adversary Controlled Applications Act, which called for the sale or cessation of the app, citing concerns related to national security.
In addition to TikTok, other ByteDance applications, such as the video editor CapCut and social platform Lemon8, were also removed from U.S. app stores.
As TikTok went offline, the rival Chinese app RedNote quickly became the most downloaded free app on the Apple App Store, with many users adopting the “#tiktokrefugee” hashtag as they transitioned to the new platform.
Trump's proposed executive order would allow ByteDance an additional 90 days to secure an approved buyer. Sources indicate that TikTok CEO Shou Zi Chew is expected to attend Trump's inauguration on Monday.
Neither the White House nor TikTok has provided immediate responses to requests for comment.
Camille Lefevre for TROIB News
