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Trump considers 50% US ownership in TikTok JV
United States President-elect Donald Trump announced plans to extend the timeline for enforcing a ban on TikTok.
This extension aims to allow negotiations that address national security concerns while enabling the platform to remain operational.
The proposed solution involves forming a joint venture where the US would hold a 50% ownership stake. Trump did not specify whether it would be under the US government or an American company.
This framework seeks to ensure TikTok’s operations are managed securely while defending national interests.
An executive order expected on Jan. 20 will clarify that companies assisting TikTok during negotiations will not face legal liability.
Recent TikTok developments
| Timeline |
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20-Jan-2025 📈 TikTok restored in US amid legal risks for providers
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20-Jan-2025 📱 TikTok aims to restore services for US users
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18-Jan-2025 🤳 TikTok CEO praises Trump for support amid looming ban
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18-Jan-2025 🛡️ TikTok, Shein, others sued over unlawful data transfers to China
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| 18-Jan-2025 🚫 TikTok may halt US operations amid regulatory uncertainty |
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