022 ArchivesTrump administration extended the deadline for the owners of TikTok to sell their asset until June 19 just one day before the previous extension was set to take effect. While there's a bit more breathing room for a deal to be made, the clock is still ticking for a U.S.-based person, group, or company to strike a deal.
A host of potential owners of the social media site, including Amazon, Oracle, Microsoft, and Project Liberty have come forward. Some potential buyers are wary of the U.S. government allowing TikTok's Chinese operators to retain control of the app's algorithm and simply lease it to the U.S. buyer, according to ABC.
That could put the new owner in conflict with a law signed by President Biden last year that bans "the establishment or maintenance of any operational relationship" between the U.S. app and "any formerly affiliated entities that are controlled by a foreign adversary, including any cooperation with respect to the operation of a content recommendation algorithm."
TikTok's potential owners are reportedly worried about being sued by the U.S. government after the purchase, and want liability protection.
SEE ALSO: Trump delays TikTok ban for another 75 daysDoes that mean TikTok will shut down June 19 for its 170 million American users?
Trump has suggested he will extend the sale's deadline, likely via executive order, if a deal cannot be reached by Saturday. Trump already extended an earlier deadline for a ban or sale on his first day in office, January 20, and once again for a deadline on April 5.
The president says new tariffs announced on Chinese goods will give the U.S. government leverage over the TikTok sale. Still, China may not want to play ball with the U.S. during a widening trade war.
This story is developing...
Topics TikTok
Bomb Envy
Former MeiOne staff jailed for three years for receiving benefits · TechNode
Climate activist Greta Thunberg sails into New York City
BYD, Geely, Leapmotor offer big discounts in latest EV price war · TechNode
Today's Hurdle hints and answers for May 12, 2025
OLED iPad Pro 2024: 5 new features that iPad Pro 2022 doesn't have
Shein acquires British fashion brand Missguided · TechNode
iPad Pro 2024: Release date, price, specs, and other rumors
Best robot vacuum deal: Get the Shark Matrix Plus 2
Best pet tracker deal: Save 40% off on the Tractive GPS
Why Building a Gaming PC Right Now is a Bad Idea, Part 2: Insane Graphics Card Prices
New Apple Pencil Pro announced at May 7 Apple event: Here's when you can buy it
Wordle today: The answer and hints for May 7
Rare butterflies start their once
Why Building a Gaming PC Right Now is a Bad Idea, Part 2: Insane Graphics Card Prices
The Audobon Society's 2019 awards deliver some beautiful bird photos
Greta Thunberg ditches planes, will sail to U.S. for UN climate talks
Salmon cannons aren't a gimmick
Analyzing Graphics Card Pricing: October 2018
Baidu charges $8 per month for ERNIE Bot's professional plan · TechNode
If you have an iPhone 7, you should not buy an iPhone 8This is your friendly reminder that Ted Cruz has a porn lookalike. Proceed at your own risk.Happy 25th birthday, Harley Quinn. Your creator still loves youThe Apple Watch Series 3 is here, has cellular connectivity, and is kinda boringWho authorized this Princess Diana memorial that looks nothing like Princess Diana?Hands On: This is the Apple Watch's most important update yetPlastic bags get the boot once againGet ready for a Trump book from your favorite White House reportersKid from 'It' attends 'It' screening dressed as kid from 'It'The 'PUBG' craze is spreadingHillary Clinton may have found the one person more annoying than Ted CruzJetBlue offers $99 flights for evacuees returning to FloridaDavid Bowie approved his 'Twin Peaks: The Return' cameo before he died'Game of Thrones' Season 8 theory predicts the Night King's endgameDenny's craptastic new mascot has inspired some pretty good poop jokesThe new Apple Watch with LTE connectivity won't get you out of buying an iPhoneWhy the iPhone X could be Apple's ultimate tech follyKid from 'It' attends 'It' screening dressed as kid from 'It''It' sequel plot details reveal a big change for one characterSlack is ready for its next act: global domination Touring Logitech's Audio HQ Should You Buy a Sound Card? An Enthusiast's Perspective The 10 Best Things About Building a New Gaming PC The Most Popular Computing Device Has Yet to Be Invented: The 15 I Played 3 Hours of Dragon Age: Inquisition and It's Awesome 23andMe's trove of DNA data was just acquired by this pharma brand NYT mini crossword answers for May 20, 2025 Performance Impact of Temperature on Intel CPU Performance Why Peter Molyneux's Godus is Such a Disaster The State of PC Gaming in 2015 Trump signs anti Today's Hurdle hints and answers for May 20, 2025 10 Tech Predictions for 2017 Driverless cars need to be more human, study finds Google I/O 2025 keynotes: How to watch live Then and Now: 5 Generations of Radeon Graphics Compared The State of PC Gaming in 2016 4K Monitors: Can you actually see the difference? Nintendo raises Switch 2 sales forecast to 20 million units
2.2298s , 10109.296875 kb
Copyright © 2025 Powered by 【2022 Archives】,New Knowledge Information Network