After weeks of deliberation, TikTok formally ended operations in the United States. Just before the official beginning of the national restrictions, which is scheduled to go into effect on Sunday, the social media app used by 170 million Americans was shut along.
People attempting to access the software encountered a warning stating:” Sorry, TikTok isn’t available right now. In the US, a laws enacted that forbids TikTok has been passed. However, that means you didn’t use TikTok for now”.
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President-elect Donald Trump, who is scheduled to take office on January 20, is the phone’s last chance, with its closure message also mentioning how to work with him to change his mind. We are lucky that President Trump has indicated that he will function with us on a solution to restore TikTok once he takes office, according to the text. Please keep tuned”!
Immediately before the ban was implemented, Trump indicated his inclination to give TikTok with an additional 90 days for offer conversations, probably averting the app’s ban in the United States.
Trump stated to NBC News that he was considering extending his term of office to TikTok for a while even though he had never reached a certain conclusion.
Moreover, according to Shou Zi Chew, the CEO of TikTok has been invited to the ceremony’s “position of honor,” where they will be seated.
The legislation that required TikTok’s Chinese parent company to sell its US activities to an approved buyer in less than nine months was passed by Congress last month. The law forbids mobile apps marketplaces and online hosting services from offering TikTok to American users. However, the sitting leader holds the power to extend the deadline if a sales process is in progress.
TikTok reprotedly received several offers to coincide with US government’s needs. Perplexity AI, a highly-valued start-up, submitted an eleventh-hour plan suggesting a consolidation with TikTok’s US company, according to a source familiar with the agreements who spoke to AFP. This arrangement may provide ByteDance with a different option that wouldn’t call for a perfect decomposition of the application.
The suggested strategy, according to US broadcaster CNBC’s initial report, would combine the assets of US TikTok and Perplexity AI, a business that has received funding from Jeff Bezos ‘ leader.
Although the plan did not specify a exchange value, the resource stated that it would most likely exceed$ 50 billion.
Also, Frank McCourt, who originally owned the Los Angeles Dodgers, has put forward his own charge for TikTok’s US businesses, stating he is “ready to work with the business and President Trump to finish a deal”.
KevinO’Leary, a French entrepreneur participating in McCourt’s charge, revealed to Fox News that ByteDance received a$ 20 billion give for TikTok’s US businesses.
