Donald Trump is planning to sign an order directing the ByteDance, TikTok’s parent company, to “divest its ownership” in the app’s US operations, according to Bloomberg.
A Fox Business journalist also reports that Microsoft is interested in buying TikTok’s US operations.
It’s unclear what power Trump has to order a foreign company to sell off a part of its business.
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Donald Trump is reportedly ordering the Chinese parent company behind TikTok to sell the viral app’s US operations.
Bloomberg reports that Trump is planning to sign an order directing ByteDance to “divest its ownership” of TikTok. The potential announcement comes weeks after the Trump administration first said publicly it was considering banning TikTok due to concerns regarding its ties to China, and the foreign government’s influence and access to user data and content moderation.
It’s unclear what power Trump has to order ByteDance, a foreign company, to sell off part of its business, or how the people running TikTok’s US operations will respond.
Fox Business reporter Charles Gasparino also reported Friday that Microsoft is interested in buying TikTok’s US operations.
An announcement on Trump’s plan could be made as soon as Friday, Bloomberg reports.
Microsoft and …read more
Source:: Businessinsider – Technology