Trump says executive order can save TikTok, wants 50% US stake

President-elect Donald Trump, who once supported banning TikTok and signed an executive order targeting its parent company, is now pledging to issue an executive order to try to save the social platform. But there is a major problem: he wants the application to be 50% operated by Americans.

Apparently in response to Trump's promises, TikTok released a statement saying: “In agreement with our service providers, TikTok is in the process of restoring service. »

“I ask companies not to let TikTok remain in the dark!” Trump wrote at Truth Social. “I will issue an executive order on Monday to extend the deadline before the law's prohibitions take effect, so we can reach an agreement to protect our national security.”

Trump added that he “would like the United States to have a 50% stake in a joint venture” and that his executive order would protect from liability all companies that helped keep TikTok accessible before the executive order was issued.

“We thank President Trump for providing necessary clarity and assurance to our service providers that they will face no penalties in providing TikTok to more than 170 million Americans and enabling more than 7 million small businesses to thrive,” TikTok said. “This is a strong stance in favor of the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps TikTok in the United States.

US users who accessed the app after it was restored were greeted with a “Welcome!” » message that read: “Thank you for your patience and support. Thanks to the efforts of President Trump, TikTok is back in the United States!

But Senator Tom Cotton issued a warning on Sunday before TikTok began to resume its services: “Any company that hosts, distributes, maintains or otherwise facilitates communist-controlled TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder suits and state AGs,” the Republican said. Editors' Choice

House Speaker Mike Johnson said Sunday on NBC's Meet the Press that Congress will “enforce the law” banning the app. “When President Trump put out the Truth message and said, 'Save TikTok,' the way we read that is he's going to try to force a real divestiture, a change of hands, ownership. It’s not the platform that members of Congress are concerned about. It’s the Chinese Communist Party and its manipulation of algorithms.”

Trump is now working to resurrect the app, showing he wants to be seen as a hero for saving it, even though he is largely responsible for the push to ban the platform — and Democrats will have played a big role in enabling this perception.

President Joe Biden signed the TikTok ban into law last spring after it passed Congress with bipartisan support due to national security concerns over China's influence over content. app and access to data belonging to 170 million Americans on the app. The legislation gave ByteDance, the platform's Chinese owner, until January 19 to sell TikTok or the platform would be banned. TikTok as well as the app's creators tried to challenge the ban in court, but the Supreme Court upheld it on Friday after the Washington Circuit Court of Appeals upheld it last month.

Under the ban, companies like Google and Apple are barred from hosting TikTok in their app stores, but TikTok itself went further by cutting off U.S. users this weekend.

“In the United States, a law was passed banning TikTok. Unfortunately, this means you can't use TikTok at the moment. We are fortunate that President Trump has indicated that he will work with us on a solution to restore TikTok once he takes office,” read a message on the TikTok homepage after approximately 10:30 p.m. on Saturday, when US users lost access to the app. shortly before the law prohibiting it came into force. Related content

Trump said his proposed deal for a 50 percent U.S. stake would be “a joint venture between the United States and whatever purchase we choose” and speculated that “with our approval, it is worth hundreds of billions of dollars – maybe trillions.”

Trump had previously promised to grant TikTok a 90-day extension of the ban once he returned to office. Alan Rozenshtein, an associate professor at the University of Minnesota Law School, wrote that one potential avenue is through the president's ability to define what constitutes a “qualified conveyance” under the legislation. Rozenshtein wrote that ByteDance could “reshuffle some details of its stake in TikTok,” allowing Trump to claim that the company gave away enough of its stake to circumvent the ban.

The Biden administration, in a last-minute reversal, said it would not enforce the ban or impose fines on companies that keep the app available for download, an attempt to enforce the app at the Trump White House. Some Democrats in Congress have also attempted to delay the ban, with Sen. Ed Markey introducing legislation that would push back the ban for 90 days.

“Given the simple fact of timing, this administration recognizes that steps to implement the law must simply fall to the next administration, which takes office on Monday,” Biden press secretary Karine Jean-said Friday. Rock.

This breaking news has been updated.

TikTok CEO Shou Zi Chew appears to be currying favor with Trump. He would be a guest at Trump's inauguration and join him for a “victory rally” reminiscent of Trump's campaign events at the Capital One Arena in Washington, D.C., on Sunday.

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