Trump victory may provide TikTok a lifeline to remain in the U.S.
Donald Trump's election victory may provide a lifeline for TikTok, which faces a potential U.S. ban in January if not divested from parent company ByteDance.
After Donald Trump won the U.S. presidency last week, tech CEOs including Apple's Tim Cook, Meta's Mark Zuckerberg and Amazon's Jeff Bezos publicly praised the president-elect.
One name was conspicuously missing: TikTok CEO Shou Zi Chew.
finally TikTok will keep thriving in America I actually thought Mark was Democrat though. Trump clearly stands for TikTok and sees the power it gives to the people when it comes to speech
Zuckerberg splits with the Dems in this election. Why did he do that? That is anyone's guess.
It is most likely he was able to read the tea leaves and see how he had to align and not make enemies.
yes now I know he's a smart cookie. It's good he spotted it fast enough otherwise even before Trump gets to office investors would pull out of Meta in fear of regulations against them
Smart CEOs realize they have to deal with whomever is in the White House (and Congress). Hence, many step back and ride the middle so, no matter who wins, they can be favored.
that's truly a smart CEO, getting into a position where the government is against your company is something that will definitely cripple your company. Countries are Decentralized no matter the level of democracy and freedom 💔
Is there a chance that Congress could overrule Trump's authority with keeping TikTok in America?
What are you referring to? It is Biden and the existing members of Congress that put the ban on TikTok.
You have the entire story backwards.
I understand, the reason I asked was because I thought the president would still need Congress agreement before but didn't realize it was a whole different thing. I would need to learn more about the government sorry for troubling you man🙏
There are certain things that are under the Presidents control. When it comes to national security, that is often under the President since the security agencies are under his control.
The forced sale of TikTok was driven by the Biden Administration and supported by many in Congress. So they set it in motion.
That said, Trump might not stop it or step in.
That means Trump being president has not positive impact on TikTok remaining in the US? Well I thought time will tell how things go
We will have to see what he does.
His absence was notable considering that of all the top tech companies, TikTok faces the most immediate and existential threat from the U.S. government. In April, President Joe Biden signed a law that requires China's ByteDance to sell TikTok by Jan. 19. If ByteDance fails to comply, internet hosting companies and app store owners such as Apple and Google will be prohibited from supporting TikTok, effectively banning it in the U.S.
Trump's return to the White House, though, may provide a lifeline for Chew and TikTok.
Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. Trump acknowledged the national security and data privacy concerns with TikTok in a March interview with CNBC's "Squawk Box," but he also said "there's a lot of good and there's a lot of bad" with the app.
Trump also leveraged TikTok's shaky future in the U.S. as a reason for people to vote against Democrat Vice President Kamala Harris.
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