U.S. TikTok Ban Delayed By Another 90 Days
President Donald Trump has announced a 90-day delay to the proposed U.S. TikTok ban. This means the popular social media platform will remain available to
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President Donald Trump has announced a 90-day delay to the proposed U.S. TikTok ban. This means the popular social media platform will remain available to
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President Donald Trump has announced a 90-day delay to the proposed U.S. TikTok ban. This means the popular social media platform will remain available to its over 170 million American users for the next three months. The President remains optimistic that a deal can be finalized between ByteDance, the parent company of TikTok, and a U.S.-based firm before the extension expires.
About ByteDance
ByteDance is a Chinese multinational internet technology company headquartered in Beijing. Founded in 2012, ByteDance is best known for creating TikTok (known as Douyin in China) and also owns several other platforms, such as Toutiao, a news and content aggregator. With a global user base and cutting-edge AI-driven products, ByteDance has quickly become one of the world’s most valuable tech startups.
Official Statement
According to White House Press Secretary Karoline Leavitt, “President Trump will sign an additional executive order this week to keep TikTok up and running. As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, during which the administration will work to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure.”
Which U.S. Companies Are Interested in Buying TikTok?
In the past, companies like Amazon and even content creator MrBeast reportedly showed interest in acquiring TikTok. However, no deal has been finalized. In April, Reuters reported that a near-complete agreement was halted due to tensions arising from the U.S.-China tariff war.
Since then, no U.S. company has had sufficient time to successfully negotiate and close a new acquisition deal. This delay gives more time for such a possibility.
It’s also important to note that any sale of TikTok to a U.S.-based entity would result in a company where American investors hold a majority stake estimated at 80%, while ByteDance would retain a minority stake of less than 20%.