From Financial Modeling Prep: 2025-01-21 02:35:01

President Trump signed an executive order delaying a TikTok ban by 75 days, allowing time for a U.S. buyer. TikTok responded by restoring services and expressed gratitude. Ownership requirements mandate at least 50% U.S. ownership. National security concerns led to the initial ban due to ByteDance’s Chinese ownership.

The delay impacts TikTok’s competitors like Snap Inc and Meta Platforms. Investor sentiment is calmed temporarily, but uncertainty remains. Financial Modeling Prep offers APIs to track the financial impact on related industries. The future of TikTok in the U.S. depends on securing a buyer within 75 days, reshaping the social media landscape.



Read more at Financial Modeling Prep:: Trump Grants TikTok a 75-Day Reprieve to Find a U….