China, TikTok and Trump
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On Thursday, U.S. Commerce Secretary Howard Lutnick said that TikTok will be banned unless China allows American ownership and control of the platform's algorithm and technology. Speaking on CNBC's Squawk on the Street,
Commerce Secretary Howard Lutnick reportedly stated TikTok would go dark in the US if China doesn’t agree to US ownership.
TikTok fought back with lawsuits, arguing that the law infringed on First Amendment rights and amounted to an unconstitutional seizure. But the US Supreme Court upheld the legislation. As the deadline loomed, TikTok shut down briefly on 18 January.
After months of speculation and multiple bids from would-be American buyers, TikTok may finally be getting a new owner.
President Trump last week announced he’s “pretty much” secured a U.S. buyer for TikTok. And TikTok itself seems to have accepted its fate, as it is reportedly building a U.S.-based version of its app that it will port users to.
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