#Trump Sets Up Joint Venture to Keep TikTok Running#
Hot Topic Overview
Overview
Trump plans to set up a joint venture to keep TikTok operating in the United States, with the U.S. holding a 50% stake. Earlier, Trump had ordered TikTok to cease operating in the United States, citing concerns that user data could be accessed by the Chinese government. However, after Trump pledged to delay the ban, TikTok resumed service in the United States. Trump said he will issue an executive order extending the deadline for TikTok to "sell or be banned" in order to reach an agreement that protects national security.
Ace Hot Topic Analysis
Analysis
Trump plans to establish a joint venture to maintain TikTok's operations, with the US holding 50% of the shares, to ensure control of TikTok and its continued operation. This plan aims to address US concerns about TikTok's data security and national security and avoid TikTok being banned in the US. Trump said he will issue an executive order to extend the deadline for TikTok to sell or be banned, allowing time to reach an agreement. TikTok said it would work with Trump to develop a long-term solution to ensure its continued operation in the US. TikTok has now resumed service in the US and has thanked Trump for the “assurances”. However, ByteDance has repeatedly said it will not sell TikTok’s US assets, so the outcome of this plan remains uncertain.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump plans to set up a joint venture with a 50% stake for the US to ensure control of TikTok and its continued operation.
Trump's team is working with tech companies to bring TikTok back online in the US, and has said it does not rule out the possibility of China continuing to own TikTok and its firewall.
Trump has asked the company not to keep TikTok in the dark and has pledged to provide necessary clarifications and assurances to ensure that service providers are not penalized.
TikTok has said it will work with Trump to develop a long-term solution to ensure its continued operation in the United States.