Trump staying on track for TikTok, says US Commerce chief

US Commerce Secretary Howard Lutnick said that President Donald Trump is working within the timeline to address TikTok’s situation. However, specific actions or plans have not been disclosed.

Earlier this year, Trump signed an executive order giving ByteDance, TikTok’s Chinese parent company, a 75-day extension to sell the platform due to national security concerns.

Discussions have been ongoing with four different groups regarding a potential sale.

TikTok, a widely used social media app, is under scrutiny in the US over data security and privacy issues linked to its Chinese ownership.

Recent TikTok developments

Timeline
04-Mar-2025 📹 TikTok’s live feature faces lawsuit over minors’ safety TikTok Live generated $1.7B in Q1 2023. Lawsuit alleges exploitation of minors on platform.
28-Feb-2025 💰 TikTok to invest $8.8b in Thai data centers by 2029 TikTok to invest $8.8B in Thai data centers Investment plans announced by VP in Bangkok
20-Feb-2025 📉 TikTok said to lay off SG trust and safety team TikTok laid off trust and safety staff in Singapore. Wider cuts to global teams part of ongoing layoffs.
20-Feb-2025 📈 TikTok ecommerce targets 400% growth in US by 2025 TikTok plans 400% US growth by 2025. Short videos drive 40% of US GMV.
19-Feb-2025 📈 TikTok users surpass Facebook in South Korea TikTok hits 9.69M users in South Korea. Concerns over data privacy persist amid growth.

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Recent TikTok developments

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