#Trump Proposes Joint Venture to Keep TikTok Operating#
Hot Topic Overview
Overview
Trump plans to set up a joint venture to maintain TikTok's operations, with the US holding 50% of the shares, to ensure control of TikTok and its continued operation. Earlier, Trump had issued an executive order requiring TikTok to sell its US business within 45 days, or face a ban from operating in the US. TikTok said it would work with Trump to develop a long-term solution to ensure its continued operation in the US. After Trump's promise to suspend TikTok's operations in the US, TikTok has resumed its services in the US. However, ByteDance has repeatedly stated that it will not sell TikTok's US assets.
Ace Hot Topic Analysis
Analysis
Trump plans to set up a joint venture to maintain TikTok's operations, with the US holding a 50% stake, to ensure control of TikTok and keep it running. This plan was put forward before Trump announced the extension of the "sell or ban" deadline for TikTok, in order to reach an agreement to protect national security. Earlier, Trump had asked the company not to let TikTok go dark and said he would work with TikTok to develop a long-term solution to ensure its continued operation in the US. After Trump's "assurances," TikTok has resumed service in the US. However, ByteDance has repeatedly said it will not sell TikTok's US assets, so the outcome of the plan remains to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump plans to set up a joint venture with a 50% stake for the US to ensure that he retains control of TikTok and allows it to continue operating.
Trump believes that a joint venture can ensure that TikTok operates in the US while protecting national security.
TikTok has said it will work with Trump to develop a long-term solution to ensure its continued operation in the US.
Trump's actions have sparked controversy, with some arguing that it is a crackdown on TikTok while others believe it is a necessary measure to protect national security.