Trump Executive Order Will Hand TikTok Over to US Investors

President Trump has signed an executive order that will force Chinese company ByteDance to sell or spin off its popular social media app TikTok to American investors within 90 days. This decision comes after concerns were raised about the potential security risks posed by TikTok’s handling of user data.

The order states that any transaction between ByteDance and US investors must be approved by the Committee on Foreign Investment in the United States (CFIUS) to ensure national security interests are protected. This move is seen as a way to address the administration’s concerns about Chinese ownership of popular social media platforms.

TikTok has become wildly popular among young users for its short-form videos, but its ties to China have raised alarms in Washington. The Trump administration has accused the app of stealing user data and sharing it with the Chinese government, although TikTok has denied these allegations.

By handing over control of TikTok to US investors, the Trump administration hopes to address these concerns and safeguard American user data. However, the details of how this transfer of ownership will be carried out are still unclear.

Some experts have raised questions about the impact this decision could have on the app’s user experience and future growth. There are also concerns about potential retaliation from China, which has already expressed opposition to the forced sale of TikTok.

Overall, the move to hand TikTok over to US investors marks a significant shift in the ongoing tensions between the US and China over technology and national security issues. It remains to be seen how this decision will impact the app and its millions of users around the world.