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US President Trump on Friday said he plans to ban the social media platform TikTok from operating in the United States.
As far as TikTok is concerned, were banning them from the United States, Trump told reporters aboard Air Force One.
The president said he could use emergency economic powers or an executive order as early as Saturday to officially ban the Chinese-owned company from the US. He signaled he was not supportive of allowing an American company to acquire TikTok.
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The news of Trump banning the app, which is especially popular with teenagers, has sparked a meme fest on Twitter.
Netizens have been mourning the careers of American TikTok influencers, potentially unemployed within 24 hours from now, predicting an influx of social media-savvy teens to other platforms, such as YouTube.
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TikTok has made headlines on social media overseas after US.President Donald Trump said on Friday he was thinking to ban the app in the US. His obsessiveness to the Chinese recreational short video platform has triggered a wide backlash domestically, with many TikTokers cried for "leaving the country" and netizens questioned the logic of Trump's administration for putting TikTok before countless domestic issues, including coronavirus, gun control and racial equality.
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We've heard your outpouring of support and we want to say thank you, we're not planning on going anywhere, TikTok US General Manager Vanessa Pappas said in a video message on Saturday morning.
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China's ByteDance has agreed to divest the USoperations of TikTok completely in a bid to save a deal with the White House, after US President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.
ByteDance was previously seeking to keep a minority stake in the US business of TikTok, which the White House had rejected.
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Microsoft Corp. has paused negotiations with Bytedance over the acquisition of USoperations of TikTok after USPresident Donald Trump signaled opposition on Friday, Wall Street Journal quoted an anonymous source on Saturday.
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US tech giant Microsoft has confirmed that it is continuing talks to purchase the US operations of Chinese-owned video-sharing app TikTok.
Microsoft boss Satya Nadella had a conversation with US President Donald Trump about the acquisition on Sunday, the tech firm said.
Microsoft stressed that it "fully appreciates the importance" of addressing President Trump's concerns.
The tech giant hopes to conclude discussions with TikTok's parent firm ByteDance by 15 September.
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Microsoft said it was looking to purchase the TikTok service in the US, Canada, Australia and New Zealand, and would operate the app in these markets.
The tech firm added that it "may" invite other American investors to participate in the purchase "on a minority basis".
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US President Donald Trump has agreed to give Chinas ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, three people familiar with the matter said on Sunday.
The negotiations between ByteDance and Microsoft will be overseen by the Committee on Foreign Investment in the United States (CFIUS), a US government panel that has the right to block any agreement, according to the sources.
ByteDance and the White House did not immediately respond to requests for comment on the Microsoft talks.
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