Trump Proposes 50% US Ownership in TikTok Joint Venture, Plans Executive Order for National Security

Jan 19, 2025, 09:26 PM

President-elect Donald Trump has proposed that the United States should have a 50% ownership stake in a joint venture with TikTok. This proposal comes as a response to a law that led to a brief shutdown of the app in the U.S. over national security concerns. Trump stated that this move would save TikTok, keep it in good hands, and allow it to continue operating. He plans to issue an executive order on Monday to extend the period before the law's prohibitions take effect, aiming to protect national security while keeping TikTok accessible to its 170 million American users.