Trump Executive Order Will Hand TikTok Over to US Investors

President Donald Trump has signed an executive order that will force China-based company ByteDance to sell its popular social media app TikTok to US investors.

The decision comes after months of scrutiny over TikTok’s handling of user data and concerns about national security risks due to its Chinese ownership.

US investors, including Microsoft, have expressed interest in acquiring TikTok’s US operations, which has over 100 million users in the country.

The move is seen as a way to address Trump’s concerns about Chinese influence in US technology companies and potential data privacy issues.

TikTok has been under fire from the Trump administration for its alleged ties to the Chinese government and concerns over the data it collects from its users.

The executive order gives TikTok until September 15th to find a US buyer, or face a potential ban in the US.

It is unclear how this transaction will affect TikTok’s global operations and its user base outside of the US.

Some analysts believe that this move could set a precedent for other Chinese-owned companies operating in the US to divest their assets to American investors.

ByteDance has denied any allegations of sharing user data with the Chinese government and has vowed to fight the executive order in court.

Overall, the future of TikTok remains uncertain as it navigates through this challenging legal and business landscape.