President Trump indicated at a press conference that he is supportive of Elon Musk or Larry Ellison potentially acquiring TikTok as part of a joint venture involving the U.S. government. This follows an executive order delaying a ban on the app by 75 days, during which the app can remain functional despite its absence from app stores. Trump proposed a plan where the government facilitates TikTok's operation in the U.S. in exchange for half ownership in the company.
President Trump expressed openness to Elon Musk or Larry Ellison acquiring TikTok through a joint venture with the U.S. government to address security concerns.
Trump's executive order postpones the TikTok ban by 75 days, allowing the app to remain operational, while he considers a deal involving U.S. governmental interests.
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