Trump says he will delay TikTok ban, suggests a joint venture with US ownership [View all]
Source: TechCrunch
TikTok went dark for users in the US on Saturday night, but it may not be gone for long.
President-elect Donald Trump posted on Truth Social Sunday morning that he will issue an executive order Monday that will “extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security.”
Even before TikTok went down, Trump had said he would “most likely” give the company a 90-day extension.
In his post Sunday, Trump also presented his “initial thought” on what a deal might look like, describing it as “a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership.”
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Read more: https://techcrunch.com/2025/01/19/trump-says-he-will-delay-tiktok-ban-suggests-a-joint-venture-with-us-ownership/
Tbh, I'm not sure if Trump is suggesting that the US government own half of TikTok, but some people including Judd Legum think he is:
Trump's proposal is to save TikTok is to give the federal government, run by him, direct control over TikTok. What could go wrong?
— Judd Legum (@juddlegum.bsky.social) 2025-01-19T17:33:22.495Z
@juddlegum.bsky.social
Trump's proposal is to save TikTok is to give the federal government, run by him, direct control over TikTok. What could go wrong?
Trump's Truth Social post:
= new reply since forum marked as read