President Trump has extended the deadline by 75 days for ByteDance to divest from TikTok, following a law aimed at addressing data harvesting concerns. Despite bipartisan support for the law, ByteDance has shown no intention of selling TikTok. Trump announced progress towards a possible deal and postponed enforcement of the ban. The administration has received offers from US businesses and is exploring a plan involving increased stakes from non-Chinese investors. This extension aims to protect national security without abruptly cutting off a platform used widely by Americans.
President Trump has paused the enforcement of a law requiring ByteDance to divest from TikTok, extending the deadline by 75 days to negotiate a deal.
The Trump administration has received various offers from US companies to buy TikTok, although ByteDance has maintained it does not intend to sell the app.
Collection
[
|
...
]