Investing.com — President-elect Donald Trump announced his intention to issue an executive order on Monday that would extend the period before the law’s bans on TikTok take effect. The move is intended to provide more time to reach an agreement that would ensure national security.
In addition to extending the period, the executive order also confirms that no company will be held responsible for helping keep TikTok up and running before the order. Trump urged companies not to allow TikTok to go dark, emphasizing the importance of the platform for presenting events such as his upcoming inauguration on Monday.
Trump also expressed his desire for the United States to hold a 50% stake in a joint venture. The goal is to keep TikTok running, keep it under responsible ownership, and ensure its survival. According to Trump, without the approval of the United States, there is no TikTok, but with it, the platform could be worth hundreds of billions or even trillions of dollars.
The president-elect is considering a joint venture between the current owner and/or new owners, where the United States would have 50% ownership. This business would be established between the United States and whichever purchasing party is chosen.
Who could own a part of TikTok, Elon Musk – a close friend of Trump – has been rumored as a possible suitor. In addition, an analyst at Morgan Stanley (NYSE: ) recently speculated that Amazon (NASDAQ: ) could be a buyer.
Another buyer that could emerge is entrepreneur Jesse Tinsley. On Saturday, Tinsley said that he leads a group that submitted an all-cash offer to acquire TikTok and hinted that Mr. Beast is involved with his group.
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2025-01-19 19:56:00
