Donald Trump, the president-elect, made the announcement that a joint venture would allow him to wait the TikTok restrictions.
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” By doing this, we save TikTok, maintain it in good hands and allow it to claim up. Without U. S. acceptance, there is no TikTok. With our endorsement, it is worth hundreds of billions of dollars – even trillions”, Trump said.
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” Consequently, my first idea is a joint venture between the current users and/or new users whereby the U. S. gets a 50 % ownership in a joint venture set up between the U. S. and whichever order we thus choose”, he added.
Before the restrictions, TikTok, along with other ByteDance apps like CapCut, stopped operating on Saturday night. People of TikTok were greeted with a concept of enthusiasm, thanking Trump for his work.
” Sorry, TikTok isn’t available right now”, the information read. ” A laws banning TikTok has been enacted in the U. S. However, that means you can’t apply TikTok for now. We are lucky that , President Trump , has indicated that he will work with us on a solution to restore TikTok once he takes business. Please be tuned”!
Trump’s joint venture program, which included a new growth, was just one of the options Trump had to reject the TikTok ban. Trump can delay the restrictions by 90 days under the law passed last year to stop TikTok just after” major development” has been made in finding a buyer.
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In 2022, TikTok proposed a program called Project Texas. Under the plan, U. S. authorities could get the phone’s American board of directors, the state would get veto power over new hires, and a Department of Defense-linked British business would be paid to observe its origin code, the , Washington Post , reported.
U.S. officials had a kill switch to turn off the game if they thought it posed a danger thanks to the agreement. Trump may try to revive a variation of the program despite the Biden presidency rejecting it.
