Trump grants Tiktok a third moratorium to avoid his prohibition in the US.
Donald Trump goes back to the rescue of Tiktok in the United States. And as the White House has already confirmed, This week will sign a new 90 -day moratorium (the third since last January) to prevent the famous social network from being forced to suspend its operations on the other side of the pond.
On January 19, the deadline granted to Tiktok beat to detach himself from his subsidiary in the United States And the social network was, in fact, a few hours out of circulation in the North American country. However, Trump promised to sign an executive order that delayed the application of the standard approved last year by the United States Congress with the last objective of forcing the change of the hands of the Bytedonce subsidiary.
Trump stunned the word given and on January 20, when he had just taken possession as the new president of the United States, he signed an executive order that gave Tiktok in the deadline until April 5 to find a new owner for its American subsidiary. Subsequently, and in view of the fact that Tiktok had not yet closed an agreement to detach himself from his business in the United States, the president approved a new moratorium that will overcome this June 19.
The new grace period that Tiktok will enjoy in the United States will prescribe in the middle of September. The social network will have, therefore, three months to negotiate the split of its American business (whose main obstacle is the negative of the Chinese government to give the green light to the operation).
“As he said on multiple occasions, President Trump does not want Tiktok to melt to black”Asevera Karoline Leavitt, White House Press Secretary. “The new moratorium will last 90 days, a period that the Administration will use to work at the close of an agreement that allows US citizens to continue using Tiktok with the guarantee that their data is safe,” adds Leavitt.
Perpleplexity AI, Applovin and Amazon would be some of the companies interested in acquiring the American Tiktok business
The rule approved last year by the United States Congress dictated, however, that the President could approve a single postponement of the law and that this should also be signed before the original date of January 19.
In the course of the last five months several companies that seem to put the tie to the American Tiktok business have emerged to the surface. Among the names that have come to the fore are perplexity ai, applovin or Amazon.
Another possibility would be for Tiktok to sell his American subsidiary to a Consorcio de Inversores that already have participations in the social network, which would allow ByteDance Keep a minority participation in the platform.
Last January Trump entrusted his vice presidente JD Vance to supervise the negotiations focused on the sale of the American Tiktok subsidiary.
The rule that pursues the prohibition of Tiktok in the United States (unless it comes to change owners) is born from the concern of legislators that the social network can be eventually used to Compile data from US citizens and deliver such data to the Chinese Communist Party, which would also use this platform for propaganda purposes.
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