Trump to Decide TikTok's Fate in 30 Days Amid Potential Buyers, 75-Day Extension

Jan 27, 2025, 02:00 AM

President Donald Trump has announced that a decision on the future of TikTok will be made within the next 30 days. Trump has denied being in talks with Oracle about acquiring the app, despite reports suggesting otherwise. He has, however, confirmed discussions with various interested parties about purchasing TikTok, emphasizing that any deal must benefit the United States. The app, which has 170 million users in the U.S., faces a potential ban if its Chinese parent company, ByteDance, does not divest its ownership. Trump has extended the deadline for ByteDance to find a buyer by 75 days, following a Supreme Court ruling upholding a ban on TikTok unless it is sold to a non-Chinese entity. Potential buyers include Oracle, Microsoft, and other investors, with Trump expressing a preference for U.S. ownership to minimize Chinese control over the platform.