Trump delays TikTok ban for another 75 days

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President Trump has pushed back TikTok's ban date again, saying that his administration has made "tremendous progress" on a deal to "save TikTok."

Hands reaching toward a TikTok logo in a blue sky, one wrist is handcuffed with open cuffs.
Image Credit: lechenie-narkomanii on Pixabay



When Trump took office on January 20, he gave TikTok two and a half months to sell to an American company or face a nationwide ban. The ban was initially set to go into effect on April 5, but once again, Trump has pushed it back with an executive order, setting the new deadline to June 18.

"My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," President Trump posted to Truth Social on Friday. "The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days."

While it's unclear what progress has been made and what approvals need to be signed, Trump likely intends to unveil his solution, "TikTok America," in the coming days. The yet-to-be-announced plan involves establishing a new company, TikTok America, and distributing ownership designed to prioritize US investors.

TikTok America would be 50% owned by new US investors, 30% by existing investors, and 19.9% by ByteDance, the company that created TikTok. There is no word on who the investors would be, and ByteDance has not offered its input on the matter.

TikTok's fate has been murky since mid-2020, when the Trump administration had planned to ban the app unless the company divested to a US buyer.

For nearly all of the Biden administration, it seemed as though the ban was off the table. Then, in April 2024, Biden signed a law requiring ByteDance to divest TikTok ownership to a US buyer within nine months.

Days before the ban was set to take effect, then President-Elect Trump promised Americans TikTok would continue operating in the US.

While the ban did take effect on January 19, Trump kept his promise. He officially delayed the ban on January 20, the day he took office.



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Comments

  • Reply 1 of 5
    anonymouseanonymouse Posts: 7,053member
    Since ByteDance has indicated they aren't selling, it would seem that the so-called "TikTok America" deal has no more relevance than my offer to buy TikTok for $1, and Trump not only hasn't made "tremendous" progress, he hasn't made any progress, but he's probably lining his pockets with cash.
    igorsky
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  • Reply 2 of 5
    Xedxed Posts: 3,070member
    anonymouse said:
    Since ByteDance has indicated they aren't selling, it would seem that the so-called "TikTok America" deal has no more relevance than my offer to buy TikTok for $1, and Trump not only hasn't made "tremendous" progress, he hasn't made any progress, but he's probably lining his pockets with cash.
    Just another grift.
     0Likes 0Dislikes 0Informatives
  • Reply 3 of 5
    igorskyigorsky Posts: 780member
    anonymouse said:
    Since ByteDance has indicated they aren't selling, it would seem that the so-called "TikTok America" deal has no more relevance than my offer to buy TikTok for $1, and Trump not only hasn't made "tremendous" progress, he hasn't made any progress, but he's probably lining his pockets with cash.
    Not only that, there is zero indication as what the administration will do to address the underlying problem: manipulation of Tik Tok’s algorithm by the CCP. Right now it just seems that they’re extorting ByteDance for a financial stake in exchange for their survival. 
     0Likes 0Dislikes 0Informatives
  • Reply 4 of 5
    tmaytmay Posts: 6,463member
    From my readings a couple of days ago, it also looks like China will not allow the sale of its facilities at the Panama Canal; another potential "art of the deal" failure for Trump.
     0Likes 0Dislikes 0Informatives
  • Reply 5 of 5
    sphericspheric Posts: 2,732member
    Who would have thought 😂😂😂
     0Likes 0Dislikes 0Informatives
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