Trump to Decide TikTok's Future in 30 Days as Congress Sets 90-Day Deadline

Jan 27, 2025, 01:00 AM

President Donald Trump announced that a decision regarding the future of TikTok in the United States will be made within 30 days, though Congress has provided a 90-day deadline. The app, owned by the Chinese company ByteDance, has been under scrutiny due to concerns over data security and its ties to the Chinese government. Trump stated that discussions are ongoing with various parties about potential ownership changes, including a joint venture where U.S. entities could hold a majority stake. While ByteDance may retain a minority share, Oracle has been suggested as a potential partner to oversee data collection and software updates to address national security concerns. Other potential buyers include Elon Musk and MrBeast. Trump denied having specific discussions with Larry Ellison of Oracle. He emphasized that any decision would prioritize economic benefits for the United States, including a proposal for the U.S. to hold 50% ownership. The app, which has over 170 million U.S. users, was temporarily banned before Trump extended its operations by 75 days through an executive order. The outcome of these negotiations could have broader implications for U.S.-China relations in the tech sector.