President Donald Trump has revealed his interest in the Chinese-owned short-form video app TikTok. Speaking to his supporters on Sunday before his inauguration as the 47th President of the United States of America on Monday, Trump said he wants at least 50 per cent of Tiktok to be owned by US investors.
Recall that Trump had told a rally in Washington that he would allow the app to continue operating in the US. He, however, said, “But let the United States of America own 50 per cent of Tiktok.”
“TikTok is worth nothing, zero without an approval, to operate,” Trump said.
“If you do approve, they’re worth like a trillion Dollars. They’re worth some crazy number.
“I’m approving on behalf of the United States, so they’ll have a partner, the United States. And they’ll have a lot of bidders, and the United States will do what we call a joint venture,” Trump added.
Recall that Tiktok over the weekend blocked access for US-based users for about 12 hours on Sunday.
This was due to a new US law mandating TikTok either be sold by its current Chinese owners, ByteDance, or else be banned in the country, which is set to come into force.
However, the app came back online on Monday. This was after Trump said he would issue an executive order reinstating the platform in the US. He promised to grant the Chinese company 90 days grace period.
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