In a move marking the third extension of its kind, President Donald Trump is set to sign an Executive Order this week that will allow TikTok to continue operations in the United States.
Trump Extends TikTok Deadline in New Executive Order
Trump Extends TikTok Deadline in New Executive Order
The White House announces President Trump will prolong the U.S. TikTok sale or ban deadline for an additional three months.
TikTok will remain operational in the U.S. for at least another three months as President Donald Trump proclaims his intention to extend the deadline for a potential ban or sale of the popular video-sharing app. According to White House Press Secretary Karoline Leavitt, Trump will sign an Executive Order this week, allowing TikTok to stay active while discussions about its ownership continue. Initially, TikTok's parent company ByteDance faced a January deadline to sell its U.S. operations or face a ban, after concerns over user data security had prompted legislation.
"Ensuring this deal is closed allows the American people to continue using TikTok, knowing their information is secure," Leavitt stated on Tuesday. In a recent BBC interview, Trump indicated he would "probably" extend the deadline and expressed optimism regarding receiving approval from Chinese President Xi Jinping for a transaction.
Despite the complicated legal landscape established by Congress regarding TikTok's future, analysts believe that Trump's extensions demonstrate a diminishing likelihood of a full ban during his presidency. Kelsey Chickering, an analyst with Forrester, remarked, "What ban? There is nothing 'looming' about the potential TikTok ban anymore."
While discussions between the U.S. and China continue regarding potential ownership solutions, the deal remains elusive. Trump's previous comments hinted that Oracle, a cloud computing firm, could be a likely candidate for acquiring TikTok. Simultaneously, various high-profile business figures, including YouTube sensation MrBeast, have expressed interest in the app's future.
As the negotiations unfold, the social media landscape remains closely monitored, with implications for users and competitors alike.
"Ensuring this deal is closed allows the American people to continue using TikTok, knowing their information is secure," Leavitt stated on Tuesday. In a recent BBC interview, Trump indicated he would "probably" extend the deadline and expressed optimism regarding receiving approval from Chinese President Xi Jinping for a transaction.
Despite the complicated legal landscape established by Congress regarding TikTok's future, analysts believe that Trump's extensions demonstrate a diminishing likelihood of a full ban during his presidency. Kelsey Chickering, an analyst with Forrester, remarked, "What ban? There is nothing 'looming' about the potential TikTok ban anymore."
While discussions between the U.S. and China continue regarding potential ownership solutions, the deal remains elusive. Trump's previous comments hinted that Oracle, a cloud computing firm, could be a likely candidate for acquiring TikTok. Simultaneously, various high-profile business figures, including YouTube sensation MrBeast, have expressed interest in the app's future.
As the negotiations unfold, the social media landscape remains closely monitored, with implications for users and competitors alike.
