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. Trump said that he wants the United States to have a 50% ownership of the platform in a joint venture, but it is unclear exactly what that would entail and whether ByteDance, TikTok’s parent company, would agree to such conditions. “We’re not putting up any money,” Trump said. “All we’re doing is given them the approval without which they don’t have anything.
It sounds like that works, what do you think, good?” TikTok went offline starting late Saturday as a new law took effect that restricted app stores in the U.S.
from downloading the popular platform. But TikTok went back up this afternoon, as the company credited Trump for giving assurances that, once in office, he would not move to sanction service providers for carrying the app.
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