It was the fourth time that President Trump has extended the deadline for Tiktok to find a new owner or face the ban on the US market
The president of United States, Donald Trumpextended for the fourth time the deadline for the Tiktok be separated from its Chinese owner, the Bytedanceor he faced a ban on the US market.
The extension could be Trump’s latest for the video app. He and other government officials have declared this week that they had reached an agreement with China to resolve national security problems regarding Bytedance and his bonds with Beijing.
“We reached an agreement on Tiktok,” Trump said to journalists on Tuesday. “We have a group of very large companies that want to buy it.” He should speak on Friday with the best leader of China, Xi Jinping to “confirm everything,” he said.
No authority has disclosed the details of the agreement. But in the last few weeks, Bytedance has worked to convince new investors to join the existing US investors to reduce their participation in Tiktok less than 20%, two people said with negotiations.
The last extension offers negotiators until December 16 to find a new owner for Tiktok. Last year the congress approved a federal law with rare bipartisan support to ban the demand in the United States unless he found a new non -Chinese owner. It has been argued that the ties of the application of social media with China have made it a threat to national security, since Beijing could use the app to obtain reserved data on the Americans or to disseminate propaganda to promote their political objectives. The law, supported by the former president Joe Biden, was unanimously maintained by the Supreme Court in January.
Tiktok, who claimed to have security measures to prevent this interference, did not immediately respond to a request for comment on extension.
Trump postponed the police for the first time shortly after the entry into office in January. These postponements raised questions about the limits of presidential power and the rule of law in the United States. Some legal experts argue that Trump’s actions represent an alarming expansion of the presidential authority.
The Trump government has reported its interest in finding one or more new buyers for Tiktok. Trump has repeatedly affirmed in recent months that unidentified buyers have been in line to acquire a participation in the application.
In April, the Washington authorities were close to the conclusion of an agreement to bring new US investors, including giants of the private equity sector and risk capital companies, before being damaged by commercial negotiations between the United States and China.
Reaching an agreement on Tiktok was complicated due to the need for approval of Beijing, who resisted the efforts to find a new buyer for the American demand among the trendy commercial negotiations.
Trump, who initially supported Tiktok’s ban, changed his position last year. The change occurred shortly after meeting Jeff Yass, a billionaire and a great republican donor who has a significant participation in Bytedance, although Trump said he had not discussed the company. Trump also credited Tiktok to have contributed to winning the votes of young people in the last elections. The application claims to have 170 million users in the United States.
Historical
Tiktok is one of the over 100 applications developed in the last decade by Bytedance, a technological society founded in 2012 by Chinese businessman Zhang Yiming and based in the Haidian district, Northwestern Beijing.
In 2016, Bytedance launched a short video platform called Douyin in China and then released an international version called Tiktok. He then purchased Musical.ly, a popular lip synchronization platform between teenagers in the United States and Europe and combined it with Tiktok, keeping the application separate from Douyin.
Shortly thereafter, the application has gained popularity in the United States and in many other countries, becoming the first Chinese platform to make significant raids in the West. Unlike other social media platforms focused on the cultivation of connections between users, Tiktok has adapted the contents to people’s interests.
The often funny videos and the musical clips published by the creators of content gave Tiktok the image of a cheerful corner of the Internet, in which users could find fun and a feeling of authenticity. Finding an audience on the platform helped launch the career of musical artists such as Lil in the X.
Tiktok gained more strength during the pandemic blocks of COVID-19When short dances that became viral they became one of the main content of the application. To compete better, the Instagram and the YouTube They ended up launching their tools for creating short videos, known respectively as coils and shorts. At this point, Tiktok was already proven success.
The challenges came with Tiktok’s success. The American authorities expressed concern for the origins and ownership of the company, indicating the laws in China that require Chinese companies to provide the data requested by the government. Another concern was the owner algorithm that determines what users see in the application.
C.2025 The New York Times Company
This content was translated with the help of artificial intelligence tools and revised by our editorial team. Find out more in our artificial intelligence policy.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
