TikTok has had a roller-coaster ride in the US over the past few months. Notably, early in January, the U.S. Supreme Court had imposed a ban on the well-known Chinese-owned video-sharing app due to national security concerns. The law compelled its Chinese owner, ByteDance, to either sell TikTok or face prohibition.
Following that, companies like Apple and Google had blocked TikTok, and it briefly fell off the app charts. It was later restored on app stores following U.S. President Donald Trump’s executive order dated Jan. 20 stating “not to take any action to enforce the act for a period of 75 days from today to allow my administration an opportunity to determine the appropriate course forward.”
There have been a range of suitors for the TikTok purchase, including Microsoft, Los Angeles Dodgers owner Frank McCourt, and even a U.S. sovereign wealth fund that Trump has reportedly created, but its future in the U.S. still hangs in the balance.
This article was originally published by a www.ndtvprofit.com . Read the Original article here. .