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Trump may demand TikTok’s Chinese owners sell it, and guess who may be interested

Mashable 31 Jul 2020 07:38
President Donald Trump is toying with the idea of forcing China-based ByteDance to sell TikTok.
President Donald Trump is toying with the idea of forcing China-based ByteDance to sell TikTok.
Image: Mateusz Slodkowski / SOPA Images / LightRocket via Getty Images

Sell the company or face a potential U.S. ban?

That’s the decision TikTok’s China-based parent company, ByteDance, may have to make.

TikTok may soon be put up for sale in the United States due to a possible order from President Donald Trump, according to a report from Bloomberg that cites "people familiar with the matter." The order would force ByteDance to divest from its popular viral video app.

When asked about making a decision on TikTok on Friday, Trump told the White House press pool a ban was on the table.

"We're looking at Tiktok. We may be banning TikTok. We may be doing some other things. There are a couple of options, but a lot of things are happening. So, we'll see what happens, but we are looking at a lot of alternatives with respect to Tiktok," said Trump.

In a subsequent Friday statement made to the press pool aboard Air Force One on Friday, Trump seemed to suggest that he plans to go the ban route. "As far as TikTok is concerned we’re banning them from the United States," he said (h/t NBC News), claiming he has "the authority" to do so through either an executive order or designation. 

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ByteDanceUSTrumpTikTokTiktok
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