Trump wants 50% United States of America ownership of TikTok
The United States of America (USA) President Donald Trump on the eve of his swearing ceremony has told his supporters that he wants Chinese-owned short-form video app TikTok to be at least 50 per cent owned by American investors.
Penpushing reports that Trump told a rally in Washington that he would allow the app to continue operating in the United States of America (USA), declaring that Tiktok is worth nothing, zero without an approval
“But let the United States of America own 50 per cent of TikTok. TikTok is worth nothing, zero without an approval,” to operate. If you do approve, they’re worth like a trillion dollars, they’re worth some crazy number’, he said.
“I’m approving on behalf of the United States, so they’ll have a partner, the United States, and they’ll have a lot of bidders and the United States will do what we call a joint venture’, Trump emphasised.
Penpushing further reports that Tiktok, the popular app blocked access for United States of America (USA) -based users for about 12 hours on Sunday, and this was due to a new American law mandating TikTok either be sold by its current Chinese owners, ByteDance, or else be banned in the country, was set to come into force.
Meanwhile, ahead of the swearing in on Monday, it was recalled that the app came back online after Trump, said that he would issue an executive order reinstating the platform in the United States of America (USA).
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