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Market Analysis

TikTok’s Future in Focus as Trump Notes Strong Interest
Amos Simanungkalit · 12.5K Views

OIP (1)

Image Credit: The WashingtonPost

On Monday, U.S. President Donald Trump stated that there is significant interest in TikTok as his administration works to facilitate the app’s sale.  

"STRONG INTEREST IN TIKTOK! A great opportunity for China and all involved," Trump posted on Truth Social.  

TikTok’s future remains uncertain following a law that took effect on January 19, requiring its Chinese parent company, ByteDance, to either sell the app due to national security concerns or face a ban.  

After assuming office on January 20, Trump signed an executive order delaying the law’s enforcement by 75 days.

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author.

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