President Donald Trump signed an executive order on Sunday pausing the ban on TikTok, asserting that the app's value depends on his approval. He suggested that the U.S. should own half of TikTok, which he estimates could be worth $1 trillion. The order follows a significant Senate law mandating TikTok's divestment from its Chinese owner, ByteDance, to continue operating in the U.S. TikTok expressed gratitude for the decision, but it remains uncertain if the order will successfully prevent a ban. This pause reflects the complexities and political negotiations surrounding the platform's future in America.
TikTok is worthless, worthless, if I don't approve it," Trump said while signing an executive order pausing the ban on the app.
Trump added that TikTok could be worth $1 trillion and floated a possible joint venture with the people from TikTok.
We thank President Trump for providing the necessary clarity and assurance to our service providers." TikTok appreciated Trump's decision to pause the ban.
It is unclear if Trump's executive order will keep TikTok going and prevent the ban altogether.
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