TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
President Donald Trump issued an executive order aiming to temporarily halt a law requiring TikTok to sell U.S. assets or be banned in the U.S.
Here’s another bright idea from President Donald Trump. He just expressed openness to the idea of either Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok, a move that could have significant implications for the app’s future in the United States.
President Donald Trump signed an executive order to further delay the TikTok ban in the U.S. In a statement shared hours after he was sworn in on Monday, Jan. 20, Trump announced he was giving TikTok 75 more days before a law banning the social media platform in the U.S. would take effect.
US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.
Donald Trump told a pre-inaugural, MAGA-heavy rally that “TikTok is back,” as he has pledged to sign an executive order that will give the social media platform more time amid a new U.S. law requiring a divestiture from its Chinese parent ByteDance.
TikTok has confirmed it is "restoring service" after Donald Trump confirmed he will enact an executive order to extend the app's ban deadline.
The president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure partnership between the Trump administration and OpenAI, Softbank and Oracle. Oracle, a software company, houses most of TikTok's servers
TikTok is restoring service to users of the app on Sunday after it said incoming president Donald Trump provided “necessary clarity” that it would not face penalties. A law upheld by the Supreme court Friday called for a ban or sale of TikTok by today.
TikTok restored service to U.S. users after Trump said he would issue an executive order after he's sworn in to delay a ban of the platform.