Trump Executive Order Will Hand TikTok Over to US Investors

President Donald Trump has signed an executive order that would require Chinese company ByteDance to divest its ownership of social media app TikTok in the United States. The move comes amid concerns about national security and data privacy.

The executive order gives TikTok 90 days to find a US buyer, effectively handing control of the popular app over to American investors. This decision follows weeks of speculation and tensions between the US and China over the app’s data collection practices.

By transferring ownership to US investors, the Trump administration hopes to address these concerns and ensure that the app’s data is not being exploited by the Chinese government. However, this move could also have economic implications for both companies involved.

TikTok has been a major player in the social media landscape, with over 100 million active users in the US alone. The app has faced scrutiny for its ties to China and allegations of censorship and data mining.

On the other hand, ByteDance could lose a significant portion of its market share and revenue if it is forced to sell TikTok to American investors. The company has been exploring options to keep its US operations running while still complying with US regulations.

Overall, Trump’s executive order is a bold move that could have wide-reaching consequences for both TikTok and ByteDance. It remains to be seen how this ownership transfer will play out and what impact it will have on the future of the app.