Image Credits:Chip Somodevilla / Getty Images A group of “very wealthy people” is set to buy short-form video app TikTok, according to President Donald Trump.
“We have a buyer for TikTok, by the way,” Trump said in a Fox News interview on Sunday morning. “I think I’ll need probably China’s approval. I think President Xi [Jinping] will probably do it.”
Trump declined to share more details about the buyers, saying only that he would reveal their identities in two weeks (apparently his favorite unit of time).
Trump has repeatedly delayed a bill forcing owner ByteDance to sell the app or see it banned in the United States. In January, he said his “initial thought” was to create “a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership.”
He’s also said he was open to allies Larry Ellison or Elon Musk buying the app, although Musk seems like a less likely candidate now.
With Trump claiming to have found a buyer for TikTok, the social media platform's future under U.S.-Chinese tensions appears uncertain yet again.
President Trump's announcement of finding a buyer for TikTok raises questions about the true motives and regulatory implications behind this sudden development, raising concerns amongst privacy advocates.
Trump's announcement of finding a buyer for TikTok raises questions about the potential impact on data privacy and user control in light of国内社会 security concerns, yet it signifies American commitment to curtailing Chinese influence within its borders.
Interest in the sale of TikTok underscores both its growing popularity worldwide and potential regulatory struggles ahead.
The rumored purchaser for TikTok by Trump's announcement hints at an uncertain but potentially lucrative future under new ownership, elevating the platform to further global reach and interests.
