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Trump says it might be value protecting TikTok in US for a short while By Reuters

by Index Investing News
December 22, 2024
in Stocks
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By Gram Slattery

(Reuters) – President-elect Donald Trump indicated on Sunday that he favored permitting TikTok to maintain working in america for a minimum of a short while, saying he had obtained billions of views on the social media platform throughout his presidential marketing campaign.

Trump’s feedback earlier than a crowd of conservative supporters in Phoenix, Arizona, had been one of many strongest indicators but that he opposes a possible exit of TikTok from the U.S. market.

The U.S. Senate handed a regulation in April requiring TikTok’s Chinese language dad or mum firm, ByteDance, to divest the app, citing nationwide safety issues.

TikTok’s homeowners have sought to have the regulation struck down, and the U.S. Supreme Courtroom has agreed to listen to the case. But when the court docket doesn’t rule in ByteDance’s favor and no divestment happens, the app might be successfully banned in america on Jan. 19, someday earlier than Trump takes workplace.

It’s unclear how Trump would go about undoing the TikTok divestiture order, which handed overwhelmingly within the Senate.

“I feel we’ll have to start out considering as a result of, you realize, we did go on TikTok, and we had a terrific response with billions of views, billions and billions of views,” Trump advised the group at AmericaFest, an annual gathering organized by conservative group Turning Level.

“They introduced me a chart, and it was a file, and it was so stunning to see, and as I checked out it, I mentioned, ‘Perhaps we gotta preserve this sucker round for a short while’,” he mentioned.

Trump met with TikTok’s CEO on Monday. Trump mentioned at a information convention the identical day that he had a “heat spot” for TikTok because of his marketing campaign’s success on the app.

The Justice Division has argued that Chinese language management of TikTok poses a seamless risk to nationwide safety, a place supported by most U.S. lawmakers.

TikTok says the Justice Division has misstated the social media app’s ties to China, arguing that its content material suggestion engine and person knowledge are saved in america on cloud servers operated by Oracle Corp (NYSE:), whereas content material moderation selections that have an effect on U.S. customers are made in america.





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