true77
The Trump administration extended the deadline for the owners of TikTok to sell their asset until June 19 just one day before the previous extension was set to take effect. While there’s a bit more breathing room for a deal to be made, the clock is still ticking for a U.S.-based person, group, or company to strike a deal. A host of potential owners of the social media site, including Amazon, Oracle, Microsoft, and Project Liberty have come forward. Some potential buyers are wary of the U.S. government allowing TikTok’s Chinese operators to retain control of the app’s algorithm and simply lease it to the U.S. buyer. TikTok’s potential owners are reportedly worried about being sued by the U.S. government after the purchase and want liability protection.
### The state of TikTok: Still up
Does that mean TikTok will shut down on June 19 for its 170 million American users? Trump has suggested he will extend the sale’s deadline, likely via executive order if a deal cannot be reached by Saturday. The president says new tariffs announced on Chinese goods will give the U.S. government leverage over the TikTok sale. Still, China may not want to play ball with the U.S. during a widening trade war.
– Every potential TikTok buyer we know about
– Can TikTok save baseball?
– YouTube Shorts adds TikTok-style edits
*This story is developing…*
Topics: TikTok
