president-elect donald trump is changing his tone tik tok.
Almost five years later signing an executive order that would effectively ban the use of TikTok during his first term, the US president, 78, has said he will issue a pardon with an executive order after his inauguration on Monday (January 20), pushing for the application look for a joint venture with a US partner.
in a publish on your Truth Social platform on Sunday (January 19) he wrote: “I am asking companies to not let TikTok remain in the dark. “I would like the United States to have a 50% stake in a joint venture.”
There is still no indication from TikTok’s parent company, ByteDance, that it will agree to a deal.
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Triumph He said he intends to “reach a settlement to protect our national security” and “there will be no liability for any company that helped prevent TikTok from disappearing before my order.” He also speculated that TikTok, with full access to the US market, “is worth hundreds of billions of dollars, maybe trillions.”
In August 2020, Triumph imposed sanctions against TikTok to pressure the Chinese-owned app to sell its US assets to an American company.
Any transaction between ByteDance and US citizens had to be prohibited for national security reasons. See executive order.
TikTok announced plans to file legal action challenging the order later that month. In September, TikTok filed a request for a preliminary injunction to prevent the app from being banned by Triumphwhich was approved.
After Triumph left office, president joe biden It went on to ban TikTok on national security grounds.
Another social media app suspended its services along with TikTok over the weekend.
