BusinessPostCorner.com
No Result
View All Result
Saturday, July 5, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Donald Trump plans to delay TikTok ban for a third time

June 17, 2025
in Finance
Reading Time: 3 mins read
A A
0
Donald Trump plans to delay TikTok ban for a third time
ShareShareShareShareShare

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

The White House has said it will allow TikTok to continue operations in the US for another 90 days, extending a deadline for the popular Chinese-owned social media app to divest a stake in the platform to satisfy American law.

“President [Donald] Trump will sign an additional executive order this week to keep TikTok up and running,” White House press secretary Karoline Leavitt said on Tuesday. “As he has said many times, president Trump does not want TikTok to go dark.

“This extension will last 90 days, which the administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure.”

Last year, Congress passed legislation to force ByteDance, TikTok’s Chinese owner, to sell the app or face a ban in the US.

Trump has promised to “save” the app and has twice extended the deadline — first from January to April, and then from April to June 19 — after failing to deliver a deal, which requires sign-off from China.

Ahead of the April deadline, the White House was closing in on an agreement that would spin off TikTok from ByteDance and create a US company to receive new investment, diluting the stakes of Chinese investors. 

Under the terms of that deal, investors, including Andreessen Horowitz and Blackstone, would have owned about half of TikTok’s US business, while large existing investors, including General Atlantic, Susquehanna and KKR, would have held about 30 per cent of the new entity.

The Financial Times has previously reported that the White House had considered other potential outside investors, including rightwing media star Tucker Carlson.

Recommended

ByteDance told the White House and investors that Beijing was willing to approve the deal, according to one person familiar with the matter. But after Trump announced tariffs on China and other countries on April 2, ByteDance informed the investors that Beijing had rescinded its approval. The White House was waiting for the US-China trade tensions to ease before trying to resurrect the deal, according to the person.

In 2020, during his first term as president, Trump moved to block TikTok, writing in an executive order that its data collection “threatens to allow the Chinese Communist party access to Americans’ personal and proprietary information”.

Trump changed his approach to the platform, however, after he used it to reach younger voters in the 2024 election. In May, Trump told NBC that he had “a little warm spot in my heart for TikTok”.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Andy Jassy is the perfect Amazon CEO for the Gen AI (cost-cutting) era

Next Post

Russian Authorities Discover 30,000sqm Illegal Crypto Mining Farm in Industrial Plant

Next Post
Russian Authorities Discover 30,000sqm Illegal Crypto Mining Farm in Industrial Plant

Russian Authorities Discover 30,000sqm Illegal Crypto Mining Farm in Industrial Plant

The global environmental award hit by accusations of greenwashing

The global environmental award hit by accusations of greenwashing

June 29, 2025
Lululemon has had enough of Gen Z’s dupe culture and is suing Costco for allegedly stealing its Scuba jacket and ABC pant designs

Lululemon has had enough of Gen Z’s dupe culture and is suing Costco for allegedly stealing its Scuba jacket and ABC pant designs

July 2, 2025
UK launches biggest financial advice shake-up in more than a decade

UK launches biggest financial advice shake-up in more than a decade

June 29, 2025
40+ Fake Firefox Wallet Extensions Are Stealing Your Crypto, Koi Security Warns

40+ Fake Firefox Wallet Extensions Are Stealing Your Crypto, Koi Security Warns

July 3, 2025
The Power of One: How a Single Database Unlocks Full-Solution Automation

The Power of One: How a Single Database Unlocks Full-Solution Automation

June 30, 2025
Record growth of Chinese cars in UK

Record growth of Chinese cars in UK

July 4, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

OpenAI is betting millions on building AI talent from the ground up amid rival Meta’s poaching bid

OpenAI is betting millions on building AI talent from the ground up amid rival Meta’s poaching bid

July 5, 2025
Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

July 5, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!