Trump Executive Order Will Hand TikTok Over to US Investors
Trump Executive Order Will Hand TikTok Over to US Investors
In a surprising move, President Trump has signed an executive order that will require TikTok to be sold to a US-based company within 90 days.
This decision comes after concerns were raised about TikTok’s data privacy and national security implications due to its Chinese ownership.
The order also states that the US Treasury should receive a cut of the sale price, further complicating the potential deal.
Many US investors are now eyeing the popular social media platform as a potential acquisition target, eager to take over and revamp its operations.
TikTok has been under intense scrutiny in recent months, with accusations of sharing user data with the Chinese government and potential censorship issues.
By handing over control to US investors, the Trump administration hopes to address these concerns and protect American interests.
However, the move has sparked controversy and uncertainty among TikTok users and employees about the platform’s future.
It remains to be seen how this executive order will play out and what impact it will have on the global social media landscape.
For now, all eyes are on the upcoming negotiations between TikTok and potential US buyers as the deadline looms large.
One thing is for certain: the fate of TikTok hangs in the balance as it navigates this new chapter under US ownership.