WASHINGTON, Aug 1 — President Donald Trump was preparing an order requiring the fast-growing social media app TikTok to be divested from its Chinese parent firm on national security grounds, media reports said yesterday. The Wall Street Journal and Bloomberg reported Trump was set to order the...
US President Donald Trump told reporters some action was pending on TikTok but offered no specifics. — Reuters pic
Other reports including one from Fox News said Microsoft was in talks to acquire TikTok, which could be valued in the tens of billions of dollars. Queried by AFP, TikTok declined to comment on the reports, saying only: “We are confident in the long-term success of TikTok. Hundreds of millions of people come to TikTok for entertainment and connection, including our community of creators and artists who are building livelihoods from the platform.”
“We are not political, we do not accept political advertising and have no agenda — our only objective is to remain a vibrant, dynamic platform for everyone to enjoy,” TikTok CEO Kevin Mayer said in post this week.The popularity of TikTok surged after ByteDance acquired US-based app Musical.ly in 2017 and merged it with its own video service.
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