President Trump issued an executive order Friday to sell or spin off its TikTok business in the US. President Trump gave 90 days to either sell and spin off the company’s TikTok business.
The Trump administration has suggested that the company could share information about Americans with the Chinese government. The company has denied it does so.
The move gives TikTok a bit of a reprieve from Trump’s August 6th order that would have blocked all us transactions. Originally, TikTok had a September 20th deadline; now, it has until November 12th.
The original order with the 45-day deadline did n’t include those requirements. The company must report to the committee on foreign investment in the United States once all the data has been destroyed.
‘TikTok is loved by 100 million Americans because it is a home for entertainment, self-expression, and connection,’ he said.’we’re committed to continuing to bring joy to families and meaningful careers to those who create on our platform for many years to come’.
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