""To all of those young people of TikTok, I saved TikTok, so you owe me big," Trump said in his first TikTok post since the 2024 election, filmed in the Oval Office. "And now, you're looking at me in the Oval Office, and someday one of you is going to be sitting right at this desk, and you're going to be doing a great job also.""
"In a historical reversal, Trump, who once aggressively pushed to ban TikTok, recently signed an executive order allowing an American consortium to purchase and restructure the app's U.S. operations, thus sparing it from prohibition. The deal is believed to be valued around $14 billion, far less than analysts say the American operations of TikTok would be worth in an open auction."
"Over the past five years, the TikTok ban has evolved on a bipartisan basis. After Trump floated the idea during his first presidency, it became a 2024 law signed by President Joe Biden, requiring TikTok to either sell its U.S. operations or face a ban. In recent weeks, Trump has announced a deal, which is still pending, while holding talks with Chinese President Xi Jinping."
Donald Trump portrayed his approval of a sale-and-restructure deal as preserving TikTok for its predominantly young U.S. users and claimed credit by saying he 'saved TikTok' and they 'owe' him. The move reverses his earlier push to ban the app and follows bipartisan legislation requiring TikTok to sell or face a ban. An American consortium aligned with Trump is set to control TikTok's U.S. operations, in a deal reportedly worth about $14 billion. The transaction remains pending amid ongoing talks with Chinese leadership. TikTok continues as a dominant social platform and communication channel for users under 30.
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