President Trump Warns U.S. “May Be Banning TikTok” As Microsoft Reportedly In Talks To Buy It

In comment to a congressional committee this week, Facebook founder and CEO Mark Zuckerberg called his company uniquely American. TikTok is hugely popular. Facebook recently offered cash incentives to lure creators from the platform to a competing service called Reels. Mayer blaster the Facebook chief for cloaking his business in a patriotic mantle in order to defang a much larger bigger rival.
TikTok was recently banned in India on security concerns.
A rep for Microsoft wasn’t immediately available to comment on the reports of its interest. But a move like that by the software giant would dramatically shake up the social media landscape.
So, we'll see what happens, but we are looking at a lot of alternatives with respect to TikTok," Tump told reporters today on the South Lawn of the White House on the way to his helicopter. There are a couple of options, but a lot of things are happening. We may be banning TikTok. We may be doing some other things. "We're looking at TikTok.
Several large U.S. investment funds were also said to be discussing the possibility of taking TikTok off ByteDance’s hands in a transaction that would value it at about $50 billion.
social media start-up Musical.ly and merged it with the Chinese version of the app, which is still called Douyin in China. TikTok's U.S. business was launched in 2018 when ByteDance acquired U.S.
Heat around video sharing app Tiktok racheted up Friday as President Donald Trump said he’s considering taking steps to ban the service, which is owned by Chinese company ByteDance, amid reports that Microsoft — yes Microsoft — is interested in buying it.
Tiktok doesn't releases user data. In late April, tracking firm Sensor Tower said the app had 165 million installs in the U.S.” />
Treasury Secretary Steve Mnuchin said earlier this week he would have a recommendation soon. The Committee on Foreign Investment in the United States has been weighing whether the Trump Administration should force Beijing-based ByteDance to sell TikTok’s U.S. It hired former Disney exec Kevin Mayer as CEO, and COO of ByteDance, and was said to be looking at setting up new headquarters outside of China. On Tuesday Mayer publicly defended TikTok, saying in a blog post it would do what it had to do to remain “available” and “successful.” As tensions with China grow, TikTok has been under pressure for months. operations.
A TikTok spokesperson said: "While we do not comment on rumors or speculation, we are confident in the long-term success of TikTok. We’re motivated by their passion and creativity, and committed to protecting their privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform." Hundreds of millions of people come to TikTok for entertainment and connection, including our community of creators and artists who are building livelihoods from the platform.

Leave a Reply

Your email address will not be published. Required fields are marked *