President Trump talked with reporters Sunday about the future of TikTok. He said his team speaks with four separate groups interested in buying the popular Chinese app. Trump believes any of these buyers would make a fine choice. TikTok faces serious problems because American lawmakers passed rules forcing its parent company, ByteDance, to sell or shut down.
The law took effect on January 19 due to national security concerns. After becoming president on January 20, Trump signed papers pushing back enforcement for 75 days. When journalists asked him aboard Air Force One whether a deal might happen soon, Trump answered that it might. He mentioned many people want the platform and praised all four potential buyer groups.
Neither TikTok nor ByteDance shared any thoughts when asked about Trump's comments. Several wealthy investors have shown interest in purchasing the fast-growing social media service. Former baseball team leader Frank McCourt is among those looking to acquire TikTok from its current Chinese owners.
Market experts think the platform could sell for as much as $50 billion based on its huge popularity and growth. The social media app continues operating normally despite these background discussions about who might control it next. Users can still make videos as negotiations continue between Trump's administration and possible new American owners.
The law took effect on January 19 due to national security concerns. After becoming president on January 20, Trump signed papers pushing back enforcement for 75 days. When journalists asked him aboard Air Force One whether a deal might happen soon, Trump answered that it might. He mentioned many people want the platform and praised all four potential buyer groups.
Neither TikTok nor ByteDance shared any thoughts when asked about Trump's comments. Several wealthy investors have shown interest in purchasing the fast-growing social media service. Former baseball team leader Frank McCourt is among those looking to acquire TikTok from its current Chinese owners.
Market experts think the platform could sell for as much as $50 billion based on its huge popularity and growth. The social media app continues operating normally despite these background discussions about who might control it next. Users can still make videos as negotiations continue between Trump's administration and possible new American owners.
