Leavitt emphasized that the extension aims to protect American users' data, while Trump hinted at the necessity of gaining approval from China for any potential deal. He remained confident that the approval would be granted by President Xi. Despite the law passed by Congress that calls for a sale or ban, analysts are now questioning the likelihood of an impending ban with Trump's unilateral approach. Forrester principal analyst Kelsey Chickering stated that TikTok's confidence is evident, as the platform continues to introduce new features like AI video tools.
The administration previously indicated that a deal placing majority control of TikTok's U.S. operations under American ownership was being approached, although specifics remain unresolved and subject to Chinese law. Various investor groups, including the cloud computing giant Oracle, billionaire Frank McCourt, and YouTube sensation MrBeast, have shown interest in acquiring the platform. In light of these developments, the future of TikTok in the U.S. remains uncertain, as it continues to thrive while negotiations unfold.
The landscape of social media and international business dynamics is being closely observed as discussions surrounding TikTok's fate progress.
The administration previously indicated that a deal placing majority control of TikTok's U.S. operations under American ownership was being approached, although specifics remain unresolved and subject to Chinese law. Various investor groups, including the cloud computing giant Oracle, billionaire Frank McCourt, and YouTube sensation MrBeast, have shown interest in acquiring the platform. In light of these developments, the future of TikTok in the U.S. remains uncertain, as it continues to thrive while negotiations unfold.
The landscape of social media and international business dynamics is being closely observed as discussions surrounding TikTok's fate progress.
