Former President Donald Trump announced in a recent Fox News interview that he has secured a group of affluent investors interested in purchasing TikTok, the controversial video-sharing app.
Trump Claims to Have Wealthy Buyers for TikTok Amid Ongoing Controversy
Trump Claims to Have Wealthy Buyers for TikTok Amid Ongoing Controversy
Former President suggests sale could happen with approval from China, as TikTok’s future hangs in the balance.
Trump stated that these wealthy individuals are ready to acquire the platform that was previously banned in the US over national security concerns. “I'll tell you in about two weeks,” he hinted, as speculation mounts regarding the potential deal. However, any sale would require the Chinese government’s approval, a hurdle Trump believes President Xi Jinping will likely overcome.
This announcement comes as Trump has postponed the enforcement of a law that mandates the sale of TikTok multiple times, with the latest deadline set for September 17. The law, passed by Congress in April 2022, arose from fears concerning the app’s potential user data sharing with the Chinese government, which TikTok has firmly denied.
Following a failed previous attempt to facilitate an American purchase of TikTok—due to clashes over tariffs—the identity of the prospective buyers remains unclear. Nevertheless, Trump is optimistic that this new group could successfully navigate the complexities of a deal.
As the former president reevaluates his stance on TikTok, he has shifted from criticizing the platform during his presidency to viewing it as a strategic asset for his potential 2024 election campaign. Meanwhile, TikTok continues to challenge the constitutionality of the sale law, although it faced a setback with its recent Supreme Court appeal. The future of the platform remains uncertain as Trump’s negotiations gain traction.
This announcement comes as Trump has postponed the enforcement of a law that mandates the sale of TikTok multiple times, with the latest deadline set for September 17. The law, passed by Congress in April 2022, arose from fears concerning the app’s potential user data sharing with the Chinese government, which TikTok has firmly denied.
Following a failed previous attempt to facilitate an American purchase of TikTok—due to clashes over tariffs—the identity of the prospective buyers remains unclear. Nevertheless, Trump is optimistic that this new group could successfully navigate the complexities of a deal.
As the former president reevaluates his stance on TikTok, he has shifted from criticizing the platform during his presidency to viewing it as a strategic asset for his potential 2024 election campaign. Meanwhile, TikTok continues to challenge the constitutionality of the sale law, although it faced a setback with its recent Supreme Court appeal. The future of the platform remains uncertain as Trump’s negotiations gain traction.
