Trump to Determine TikTok’s Fate in the US Within 30 Days
Donald Trump indicates that he anticipates making a decision regarding TikTok's ownership in the United States within the next month. Read Full Article at RT.com.
TroibNews 
The president has stated that he is in ongoing discussions to have domestic investors take control of the popular app to minimize its Chinese ownership.
US President Donald Trump announced on Saturday that he is devising a plan to preserve TikTok and may arrive at a decision regarding its future within the next 30 days. Speaking to reporters aboard Air Force One while heading to Florida, Trump noted significant interest in the app among US investors.
This announcement comes on the heels of TikTok's temporary suspension in the US last weekend after its parent company, ByteDance, failed to meet a January 19 deadline to divest its American operations. The shutdown occurred following the US Supreme Court's endorsement of a federal law requiring ByteDance to sell the app to a US company, citing national security concerns. TikTok was restored just hours later after Trump revealed plans to issue an executive order extending the compliance deadline by 90 days and proposed a plan for a US acquisition of a majority stake in TikTok.
“I have spoken to many people about TikTok, and there is great interest in TikTok... If we can save TikTok, I think it would be a good thing,” Trump expressed.
According to Reuters, the Trump administration is negotiating a deal that would permit ByteDance to maintain a minority stake while US investors and software companies take charge of TikTok's data management and software updates. It has been reported that Oracle, which has managed TikTok's US user data since 2022, is among the companies considered for this role; however, Trump refuted Oracle’s involvement.
“No, not with Oracle. Numerous people are talking to me, very substantial people, about buying [TikTok] and I will make that decision probably over the next 30 days,” he stated during the flight.
Among the potential investors is Microsoft, as reported by NPR, which indicated that meetings to discuss the app’s future in the US are planned for the following week. Neither Microsoft nor Oracle has responded to media inquiries for comment.
Initially, Trump proposed the concept of a joint venture for TikTok, suggesting a 50/50 ownership split between ByteDance and US investors. He remarked earlier this week that TikTok would be “worthless” without a permit to operate in the US but could attain a valuation of $1 trillion with one. Trump alluded to Elon Musk, CEO of SpaceX and owner of social media platform X, as a potential buyer, with other interested parties reportedly including YouTube creator MrBeast and billionaire Frank McCourt, founder of the internet advocacy group Project Liberty.
ByteDance has yet to confirm if it will agree to sell TikTok. However, media reports indicate that the Chinese government is considering the proposal as a means to avert the app from being effectively banned in the US.
Aarav Patel contributed to this report for TROIB News
US President Donald Trump announced on Saturday that he is devising a plan to preserve TikTok and may arrive at a decision regarding its future within the next 30 days. Speaking to reporters aboard Air Force One while heading to Florida, Trump noted significant interest in the app among US investors.
This announcement comes on the heels of TikTok's temporary suspension in the US last weekend after its parent company, ByteDance, failed to meet a January 19 deadline to divest its American operations. The shutdown occurred following the US Supreme Court's endorsement of a federal law requiring ByteDance to sell the app to a US company, citing national security concerns. TikTok was restored just hours later after Trump revealed plans to issue an executive order extending the compliance deadline by 90 days and proposed a plan for a US acquisition of a majority stake in TikTok.
“I have spoken to many people about TikTok, and there is great interest in TikTok... If we can save TikTok, I think it would be a good thing,” Trump expressed.
According to Reuters, the Trump administration is negotiating a deal that would permit ByteDance to maintain a minority stake while US investors and software companies take charge of TikTok's data management and software updates. It has been reported that Oracle, which has managed TikTok's US user data since 2022, is among the companies considered for this role; however, Trump refuted Oracle’s involvement.
“No, not with Oracle. Numerous people are talking to me, very substantial people, about buying [TikTok] and I will make that decision probably over the next 30 days,” he stated during the flight.
Among the potential investors is Microsoft, as reported by NPR, which indicated that meetings to discuss the app’s future in the US are planned for the following week. Neither Microsoft nor Oracle has responded to media inquiries for comment.
Initially, Trump proposed the concept of a joint venture for TikTok, suggesting a 50/50 ownership split between ByteDance and US investors. He remarked earlier this week that TikTok would be “worthless” without a permit to operate in the US but could attain a valuation of $1 trillion with one. Trump alluded to Elon Musk, CEO of SpaceX and owner of social media platform X, as a potential buyer, with other interested parties reportedly including YouTube creator MrBeast and billionaire Frank McCourt, founder of the internet advocacy group Project Liberty.
ByteDance has yet to confirm if it will agree to sell TikTok. However, media reports indicate that the Chinese government is considering the proposal as a means to avert the app from being effectively banned in the US.
Aarav Patel contributed to this report for TROIB News
