Market
Outcome of U.S. national security review of TikTok by April 20, 2025?
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Story
Trump to Delay TikTok Ban 90 Days with Executive Order on Monday, Proposes U.S. to Own 50% via Joint Venture
Jan 19, 2025, 03:45 PM
President-elect Donald Trump announced he will issue an executive order on Monday, his first day in office, to delay the enforcement of the TikTok ban in the United States. The ban took effect at midnight Sunday, causing the app to be removed from app stores and rendering it inaccessible to U.S. users. Trump proposes that the United States acquire a 50% ownership stake in TikTok through a joint venture involving current and new owners. He is urging American tech firms to assist in saving TikTok and is offering a 90-day grace period to reach an agreement that would protect national security. Trump's plan aims to save TikTok, keep it operational in the U.S., and ensure it is in "good hands" while addressing security concerns. He stated, "By doing this, we save TikTok, keep it in good hands and allow it to stay up. Without U.S. involvement, TikTok cannot exist in the United States."
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