TikTok resumes services in the US after Trump extends deadline for U.S. buyer search

From Investing.com: 2025-01-19 22:08:18

TikTok restores U.S. services after Supreme Court-backed ban, as Trump gives more time to find U.S. buyer. App remained inaccessible on Apple and Google stores. Trump to issue executive order allowing TikTok more time to find buyer, wants at least 50% ownership in U.S. hands. Congress voted to ban TikTok over national security concerns.

Reports suggest potential suitors for TikTok include Elon Musk, Amazon, and entrepreneur group led by Jesse Tinsley. TikTok ban likely to benefit U.S. competitors like Snap Inc, META, Google, and Reddit. TikTok’s short video format disrupted social media space, prompting competitors to offer similar formats. Public opinion and Biden’s stance may prevent TikTok ban.



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