BREAKING: Trump To Sign Executive Order To Force ByteDance To Divest Itself Of TikTok Related Operations In The US

According to Bloomberg, the Chinese owned social media network TikTok may be about to face a ban of sorts in the US as President Trump is looking to sign an executive order to force its US operations out of Chinese hands:

President Donald Trump plans to announce a decision ordering China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar with the matter.

The U.S. has been investigating potential national security risks due to the company’s control of the app, and Trump’s decision could be announced as soon as Friday.

Spokespeople for the White House and Treasury Department didn’t immediately respond to requests for comment. A TikTok spokesperson couldn’t be reached for comment.

I wonder just how this will be achieved and most importantly, if China will allow it even assuming that the US administration can pull this off somehow. It’s all very sketchy to me. But I suppose we’ll find out shortly.

One Response to “BREAKING: Trump To Sign Executive Order To Force ByteDance To Divest Itself Of TikTok Related Operations In The US”

  1. […] is really a fast moving story. Just when it seemed like TikTok was going to forced to divest its US assets by President Trump, then Microsoft started to talk about buying those assets, only to blocked by […]

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