Donald Trump pledged on Sunday to give TikTok a reprieve on its US ban, indicating intentions to sign an executive order granting the company 90 more days to secure a buyer.
Trump emphasized that the app's value could rise significantly with US approval, suggesting it was worth hundreds of billions, potentially trillions, under American ownership.
Despite initially supporting the ban, Trump reversed his stance after recognizing TikTok's influence on his 2024 presidential campaign and the vast user base it commands.
TikTok's CEO thanked Trump for his assistance in negotiating the app's fate in the US, reflecting a changing relationship between the app and the incoming administration.
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