Trump to revive TikTok, but wants 50% US ownership

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Trump to revive TikTok, but wants 50% US ownership
BytedanceDonald TrumpBusiness And Industry
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WASHINGTON — President-elect Donald Trump said he would revive TikTok access in the US by executive order after he is sworn in on Monday, but said he wants the popular social media app to be at least half owned by US investors.TikTok stopped working for its 170 million American users late on Saturday before a law shutting it down on national security grounds took effect on Sunday.

The Chinese Embassy in Washington on Friday accused the US of using unfair state power to suppress TikTok. "China will take all necessary measures to resolutely safeguard its legitimate rights and interests," a spokesperson said.Uncertainty over the app's future had sent users—mostly younger people—scrambling to alternatives including China-based RedNote.

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