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VisitTrump Signals Intervention to Prevent TikTok Ban Set for January 19, 2025
Dec 16, 2024, 04:52 PM
President-elect Donald Trump has indicated he might intervene to prevent the looming ban on TikTok, set to take effect on January 19, 2025, if the app's Chinese parent company ByteDance does not divest its stakes. Trump expressed a fondness for TikTok, citing its potential role in his significant gains among young voters during the 2024 election, where he won the youth vote by 34 points. He mentioned that his son Barron recommended influencers and podcasters that helped him connect with younger audiences. Trump's comments suggest a reversal from his previous hard-line stance against TikTok when he was president in 2020, where he attempted to block the app unless it was sold to a U.S. company.
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Markets
Yes • 50%
No • 50%
Official corporate announcements from ByteDance or regulatory filings
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Official government announcements or legal documentation confirming the ban
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Official statements from the Trump administration or legal documents indicating intervention
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ByteDance divests • 25%
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