Saturday, May 31, 2025

Latest

Trump Orders 75-Day Pause on TikTok Sale Requirement

The battle over TikTok’s future in the United States took a new turn Monday as President Donald Trump signed an order delaying enforcement of mandatory sale requirements for 75 days, giving his administration time to explore alternative solutions.

The social media platform, which went offline briefly over the weekend, received temporary protection from a law that would force its Chinese parent company ByteDance to divest 80 percent of its ownership to continue operating in the US market.

“This pause will allow us to determine the appropriate course of action regarding TikTok,” the White House stated. The Justice Department has been instructed not to pursue penalties against the platform or companies involved in its recent service restoration.

The development follows a dramatic sequence of events, including Friday’s Supreme Court decision upholding the divestment law and TikTok’s brief voluntary shutdown on Sunday. The service resumed after Trump voiced support for maintaining its availability during inaugural events.

Related: Biden Defers TikTok Ban Enforcement to Trump Administration 

In a potentially significant shift, Chinese officials signaled new flexibility Monday regarding ByteDance’s options. Foreign Ministry spokesperson Mao Ning suggested Beijing might approve partial ownership changes, stating such decisions should follow “market principles.”

Trump has floated the idea of an equal ownership split between ByteDance and American interests, though this proposal falls short of the law’s requirements for US control. Several potential investors have expressed interest in acquiring the necessary stake, though no formal agreements have emerged.

The original legislation, signed by former President Biden last April, aimed to address national security concerns about potential Chinese government influence through ByteDance’s ownership of the popular video-sharing platform.

Related: Fresh Revelations Raise Doubts On TikTok’s “Independence” From Beijing

While the app remains unavailable on major US app stores, companies that assisted in restoring TikTok’s service will receive formal assurance from the attorney general confirming they face no legal consequences.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Donald Trump Won’t Be Fact-Checked On Facebook Anymore After Presidential Bid Announcement

Other than its obvious dangers, there’s another red flag attached to Donald Trump’s 2024 bid...

Thursday, November 17, 2022, 11:55:00 AM

Trump’s Debate Cheat Sheet on Climate: Now Available on Truth Social

In a move reminiscent of his previous tenure, former President Donald Trump took to social...

Thursday, June 27, 2024, 03:42:32 PM

Michigan Considers Historic Move To Remove Trump From 2024 Ballot

In a groundbreaking development that could have significant implications for the 2024 presidential race, election...

Wednesday, September 6, 2023, 07:35:00 AM

Chinese Communist Party Used TikTok As Backdoor Access To Track Hong Kong Protestors, Says Former Executive

A former executive at ByteDance, the parent company of popular video-sharing app TikTok, has made...

Thursday, June 8, 2023, 04:33:00 PM

Musk Admits Cutting Federal Spending By $2 Trillion May Be a Long Shot

In a live-streamed conversation with Stagwell CEO Mark Penn on Wednesday, Elon Musk conceded that...

Friday, January 10, 2025, 10:48:22 AM