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Malay Mail
2 hours ago
- Business
- Malay Mail
Trump softens on TikTok, extends US ban deadline to September 17
WASHINGTON, June 20 — President Donald Trump announced yesterday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. 'I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025),' Trump posted on his Truth Social platform, putting off the ban for the third time. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's January inauguration. The Republican, whose 2024 election campaign relied heavily on social media, has previously said he is fond of the video-sharing app. 'I have a little warm spot in my heart for TikTok,' Trump said in an NBC News interview in early May. 'If it needs an extension, I would be willing to give it an extension.' TikTok yesterday welcomed Trump's decision. 'We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users,' the platform said in a statement. Digital cold war? Motivated by a belief in Washington that TikTok is controlled by the Chinese government, the ban took effect on January 19, one day before Trump's inauguration, with ByteDance having made no attempt to find a suitor. TikTok 'has become a symbol of the US-China tech rivalry; a flashpoint in the new Cold War for digital control,' said Shweta Singh, an assistant professor of information systems at Warwick Business School in Britain. Trump had long supported a ban or divestment, but reversed his position and vowed to defend the platform — which boasts almost two billion global users — after coming to believe it helped him win young voters' support in the November election. The president announced an initial 75-day delay of the ban upon taking office. A second extension pushed the deadline to June 19. He said in May that a group of purchasers was ready to pay TikTok owner ByteDance 'a lot of money' for the video-clip-sharing sensation's US operations. Trump knows that TikTok is 'wildly popular' in the United States, White House spokeswoman Karoline Leavitt told reporters yesterday, when asked about the latest extension. 'He also wants to protect Americans' data and privacy concerns on this app, and he believes we can do both things at the same time.' The president is 'just not motivated to do anything about TikTok,' said independent analyst Rob Enderle. 'Unless they get on his bad side, TikTok is probably going to be in pretty good shape.' Tariff turmoil Trump said in April that China would have agreed to a deal on the sale of TikTok if it were not for a dispute over his tariffs on Beijing. ByteDance has confirmed talks with the US government, saying key matters needed to be resolved and that any deal would be 'subject to approval under Chinese law.' Possible solutions reportedly include seeing existing US investors in ByteDance roll over their stakes into a new independent global TikTok company. Additional US investors, including Oracle and private equity firm Blackstone, would be brought on to reduce ByteDance's share in the new TikTok. Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally. Uncertainty remains, particularly over what would happen to TikTok's valuable algorithm. 'TikTok without its algorithm is like Harry Potter without his wand — it's simply not as powerful,' said Kelsey Chickering, principal analyst at Forrester. Despite the turmoil, TikTok has been continuing with business as usual. The platform on Monday introduced a new 'Symphony' suite of generative artificial intelligence tools for advertisers to turn words or photos into video snippets for the platform. — AFP
Business Recorder
3 hours ago
- Business
- Business Recorder
Trump extends deadline for TikTok sale by 90 days
WASHINGTON: President Donald Trump announced Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. 'I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025),' Trump posted on his Truth Social platform, putting off the ban for the third time. President Donald Trump announced on Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)," Trump posted on his Truth Social platform, putting off the ban for the third time. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's January inauguration. The Republican, whose 2024 election campaign relied heavily on social media, has previously said he is fond of the video-sharing app. "I have a little warm spot in my heart for TikTok," Trump said in an NBC News interview in early May. "If it needs an extension, I would be willing to give it an extension." TikTok on Thursday welcomed Trump's decision. "We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users," said a statement issued by the platform. Digital cold war? Trump said in May that a group of purchasers was ready to pay TikTok owner ByteDance "a lot of money" for the video-clip-sharing sensation's US operations. Trump has repeatedly downplayed the risks that TikTok is in danger, saying he remains confident of finding a buyer for the app's US business. The White House announced Monday that Trump would throw the wildly popular video-sharing app, which has almost two billion global users, another lifeline. During this new grace period, the administration will work "to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure," the administration said in a statement. The president is "just not motivated to do anything about TikTok," said independent analyst Rob Enderle. "Unless they get on his bad side, TikTok is probably going to be in pretty good shape." Trump had long supported a ban or divestment, but reversed his position and vowed to defend the platform after coming to believe it helped him win young voters' support in the November election. Motivated by national security fears and a belief in Washington that TikTok is controlled by the Chinese government, the ban took effect on January 19, one day before Trump's inauguration, with ByteDance having not attempted to find a suitor. TikTok "has become a symbol of the US-China tech rivalry; a flashpoint in the new Cold War for digital control," said Shweta Singh, an assistant professor of information systems at Warwick Business School in Britain. The president announced an initial 75-day delay of the ban upon taking office. A second extension pushed the deadline to June 19. Now the deadline is September 17. Tariff turmoil Trump said in April that China would have agreed to a deal on the sale of TikTok if it were not for a dispute over his tariffs on Beijing. ByteDance has confirmed talks with the US government, saying key matters needed to be resolved and that any deal would be "subject to approval under Chinese law." Possible solutions reportedly include seeing existing US investors in ByteDance roll over their stakes into a new independent global TikTok company. Additional US investors, including Oracle and private equity firm Blackstone, would be brought on board to reduce ByteDance's share in the new TikTok. Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally. Uncertainty remains, particularly over what would happen to TikTok's valuable algorithm. "TikTok without its algorithm is like Harry Potter without his wand -- it's simply not as powerful," said Forrester Principal Analyst Kelsey Chickering. Despite the turmoil, TikTok has continued with business as usual. The platform on Monday introduced a new "Symphony" suite of generative artificial intelligence tools for advertisers to turn words or photos into video snippets for the platform.
New Straits Times
4 hours ago
- Business
- New Straits Times
Trump gives TikTok 90 more days to avoid US ban
WASHINGTON: President Donald Trump announced Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)," Trump posted on his Truth Social platform, putting off the ban for the third time. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's January inauguration. The Republican, whose 2024 election campaign relied heavily on social media, has previously said he is fond of the video-sharing app. "I have a little warm spot in my heart for TikTok," Trump said in an NBC News interview in early May. "If it needs an extension, I would be willing to give it an extension." TikTok on Thursday welcomed Trump's decision. "We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users," the platform said in a statement. Motivated by a belief in Washington that TikTok is controlled by the Chinese government, the ban took effect on Jan 19, one day before Trump's inauguration, with ByteDance having made no attempt to find a suitor. TikTok "has become a symbol of the US-China tech rivalry; a flashpoint in the new Cold War for digital control," said Shweta Singh, an assistant professor of information systems at Warwick Business School in Britain. Trump had long supported a ban or divestment, but reversed his position and vowed to defend the platform – which boasts almost two billion global users – after coming to believe it helped him win young voters' support in the November election. The president announced an initial 75-day delay of the ban upon taking office. A second extension pushed the deadline to June 19. He said in May that a group of purchasers was ready to pay TikTok owner ByteDance "a lot of money" for the video-clip-sharing sensation's US operations. Trump knows that TikTok is "wildly popular" in the United States, White House spokeswoman Karoline Leavitt told reporters Thursday, when asked about the latest extension. "He also wants to protect Americans' data and privacy concerns on this app, and he believes we can do both things at the same time." The president is "just not motivated to do anything about TikTok," said independent analyst Rob Enderle. "Unless they get on his bad side, TikTok is probably going to be in pretty good shape." Trump said in April that China would have agreed to a deal on the sale of TikTok if it were not for a dispute over his tariffs on Beijing. ByteDance has confirmed talks with the US government, saying key matters needed to be resolved and that any deal would be "subject to approval under Chinese law." Possible solutions reportedly include seeing existing US investors in ByteDance roll over their stakes into a new independent global TikTok company. Additional US investors, including Oracle and private equity firm Blackstone, would be brought on to reduce ByteDance's share in the new TikTok. Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally. Uncertainty remains, particularly over what would happen to TikTok's valuable algorithm. "TikTok without its algorithm is like Harry Potter without his wand – it's simply not as powerful," said Kelsey Chickering, principal analyst at Forrester. Despite the turmoil, TikTok has been continuing with business as usual.
Yahoo
5 hours ago
- Business
- Yahoo
Trump extends deadline for TikTok sale by 90 days
President Donald Trump announced Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)," Trump posted on his Truth Social platform, putting off the ban for the third time. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's January inauguration. The Republican, whose 2024 election campaign relied heavily on social media, has previously said he is fond of the video-sharing app. "I have a little warm spot in my heart for TikTok," Trump said in an NBC News interview in early May. "If it needs an extension, I would be willing to give it an extension." TikTok on Thursday welcomed Trump's decision. "We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users," the platform said in a statement. - Digital Cold War? - Motivated by a belief in Washington that TikTok is controlled by the Chinese government, the ban took effect on January 19, one day before Trump's inauguration, with ByteDance having made no attempt to find a suitor. TikTok "has become a symbol of the US-China tech rivalry; a flashpoint in the new Cold War for digital control," said Shweta Singh, an assistant professor of information systems at Warwick Business School in Britain. Trump had long supported a ban or divestment, but reversed his position and vowed to defend the platform -- which boasts almost two billion global users -- after coming to believe it helped him win young voters' support in the November election. The president announced an initial 75-day delay of the ban upon taking office. A second extension pushed the deadline to June 19. He said in May that a group of purchasers was ready to pay TikTok owner ByteDance "a lot of money" for the video-clip-sharing sensation's US operations. Trump knows that TikTok is "wildly popular" in the United States, White House spokeswoman Karoline Leavitt told reporters Thursday, when asked about the latest extension. "He also wants to protect Americans' data and privacy concerns on this app, and he believes we can do both things at the same time." The president is "just not motivated to do anything about TikTok," said independent analyst Rob Enderle. "Unless they get on his bad side, TikTok is probably going to be in pretty good shape." - Tariff turmoil - Trump said in April that China would have agreed to a deal on the sale of TikTok if it were not for a dispute over his tariffs on Beijing. ByteDance has confirmed talks with the US government, saying key matters needed to be resolved and that any deal would be "subject to approval under Chinese law." Possible solutions reportedly include seeing existing US investors in ByteDance roll over their stakes into a new independent global TikTok company. Additional US investors, including Oracle and private equity firm Blackstone, would be brought on to reduce ByteDance's share in the new TikTok. Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally. Uncertainty remains, particularly over what would happen to TikTok's valuable algorithm. "TikTok without its algorithm is like Harry Potter without his wand -- it's simply not as powerful," said Kelsey Chickering, principal analyst at Forrester. Despite the turmoil, TikTok has been continuing with business as usual. The platform on Monday introduced a new "Symphony" suite of generative artificial intelligence tools for advertisers to turn words or photos into video snippets for the platform. dw/aha/ksb/acb Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Straits Times
5 hours ago
- Business
- Straits Times
Trump signs executive order to extend deadline for TikTok sale by 90 days
TikTok on June 19 welcomed President Trump's decision to extend the deadline for the platform to find a non-Chinese buyer by another 90 days. PHOTO: AFP WASHINGTON - US President Donald Trump announced on June 19 he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. 'I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025),' Mr Trump posted on his Truth Social platform, putting off the ban for the third time. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Mr Trump's January inauguration. The Republican, whose 2024 election campaign relied heavily on social media, has previously said he is fond of the video-sharing app. 'I have a little warm spot in my heart for TikTok,' Mr Trump said in an NBC News interview in early May. 'If it needs an extension, I would be willing to give it an extension.' TikTok on June 19 welcomed Mr Trump's decision. 'We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users,' the platform said in a statement. Digital Cold War? Motivated by a belief in Washington that TikTok is controlled by the Chinese government, the ban took effect on Jan 19, one day before Mr Trump's inauguration, with ByteDance having made no attempt to find a suitor. TikTok 'has become a symbol of the US-China tech rivalry; a flashpoint in the new Cold War for digital control,' said Ms Shweta Singh, an assistant professor of information systems at Warwick Business School in Britain. Mr Trump had long supported a ban or divestment, but reversed his position and vowed to defend the platform - which boasts almost two billion global users - after coming to believe it helped him win young voters' support in the November election. The president announced an initial 75-day delay of the ban upon taking office. A second extension pushed the deadline to June 19. He said in May that a group of purchasers was ready to pay TikTok owner ByteDance 'a lot of money' for the video-clip-sharing sensation's US operations. Mr Trump knows that TikTok is 'wildly popular' in the United States, White House spokeswoman Karoline Leavitt told reporters on June 19, when asked about the latest extension. 'He also wants to protect Americans' data and privacy concerns on this app, and he believes we can do both things at the same time.' The president is 'just not motivated to do anything about TikTok', said independent analyst Rob Enderle. 'Unless they get on his bad side, TikTok is probably going to be in pretty good shape.' Tariff turmoil Mr Trump said in April that China would have agreed to a deal on the sale of TikTok if it were not for a dispute over his tariffs on Beijing. ByteDance has confirmed talks with the US government, saying key matters needed to be resolved and that any deal would be 'subject to approval under Chinese law.' Possible solutions reportedly include seeing existing US investors in ByteDance roll over their stakes into a new independent global TikTok company. Additional US investors, including Oracle and private equity firm Blackstone, would be brought on to reduce ByteDance's share in the new TikTok. Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Mr Larry Ellison, is a longtime Trump ally. Uncertainty remains, particularly over what would happen to TikTok's valuable algorithm. 'TikTok without its algorithm is like Harry Potter without his wand – it's simply not as powerful,' said Ms Kelsey Chickering, principal analyst at Forrester. Despite the turmoil, TikTok has been continuing with business as usual. The platform on June 16 introduced a new 'Symphony' suite of generative artificial intelligence tools for advertisers to turn words or photos into video snippets for the platform. AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
