In an interview with NBC News on January 18, President-elect Donald Trump said he would "most likely" give TikTok another 90 days to sever ties with its Chinese shareholders, allowing the company to temporarily avoid a ban on its operations in the US starting January 19.
Previously, the US Congress passed a law requiring TikTok to sever ties with its Chinese shareholder, specifically its parent company ByteDance, or face a ban from operating starting January 19. The US Supreme Court upheld this law on January 17.
President-elect Donald Trump said he is likely to extend TikTok's operating license.
"A 90-day extension is the most likely thing to happen, because it fits the bill. If I decide to do that, I'll probably announce it on January 20," Trump said, referring to his inauguration date.
TikTok announced on January 17th that it would cease operations in the US on January 19th unless President Joe Biden assured TikTok's main service providers, such as Apple and Google, that they would not face legal action once the ban takes effect.
President Biden's campaign has stated that the decision rests with the next administration, which is scheduled to take office on January 20th. The law allows the incumbent president to extend their term by 90 days if there is progress in acquiring the stake from ByteDance.
American influencer hopes Little Red Book will maintain the wave of "migration" from TikTok.
Perplexity AI is in talks to buy TikTok.
According to AP, artificial intelligence (AI) startup Perplexity AI submitted a proposal to ByteDance on January 18th to form a new company merging Perplexity with TikTok US. If successful, the new structure would include other investors and allow existing ByteDance shareholders to retain their TikTok stake. The proposal did not include a price, but sources estimate the deal is worth at least $50 billion.
Canadian investor Kevin O'Leary (a participant in the popular Shark Tank show) and billionaire Frank McCourt have also offered to buy TikTok US. O'Leary stated that he offered $20 billion but also acknowledged the legal issues involved, including whether President Trump's executive order would legally halt the ban, according to AFP.
The TikTok logo at the company's headquarters in Culver City, California.
TikTok faces significant losses.
It is unclear whether TikTok will completely cease operations from January 19th. Experts believe that, given the law, TikTok users will still be able to access the app but will not receive updates, ultimately rendering the platform unusable.
TikTok has approximately 170 million users in the US, the majority of whom are young people. A number of content creators and small businesses rely on TikTok to generate income.
If banned, TikTok would suffer significant financial losses. The company's lawyers say that if the ban lasts for a month, TikTok would lose 29% of its total targeted advertising revenue globally, as well as lose talented and promising employees.
If TikTok is banned, rival platforms like Instagram's Reels or YouTube's Shorts will benefit. Thousands of TikTok users have already switched to China's Xiaohongshu app, a social media platform similar to Instagram.
Source: https://thanhnien.vn/ong-trump-co-the-gia-han-cho-tiktok-nhieu-ben-dang-dam-phan-mua-lai-185250119074030749.htm
Comment (0)