Share this @internewscast.com
TikTok has received another extension from the White House, as President Donald Trump is expected to delay the enforcement of the law concerning its sale or ban for an additional 90 days.
“President Trump will sign an extra Executive Order this week to ensure TikTok continues operating,” stated Karoline Leavitt, the White House press secretary, in a release.
“As he has said many times, President Trump does not want TikTok to go dark.
TikTok’s China-based owner, ByteDance, would have retained a 20 per cent stake in the spinoff company — a key stipulation of the law.
There have been several prominent bidders expressing interest in acquiring the platform, among them a group led by billionaire Frank McCourt and Shark Tank investor Kevin O’Leary, along with Amazon, AI firm Perplexity, and a separate consortium of investors including YouTube and TikTok personality Jimmy Donaldson, popularly known as MrBeast.
It was Trump who first tried to ban TikTok during his previous administration, but he has said he changed his mind after he “got to use it”.
TikTok CEO Shou Chew attended Trump’s inauguration, seated on stage alongside Cabinet secretaries and other tech CEOs.
