Swing To Trade
  • Stock
  • Politics
  • Business
  • Sports
Stock

Trump grants ByteDance another 90-day extension to sell TikTok

by admin June 19, 2025
June 19, 2025

US President Donald Trump has granted a third extension to ByteDance, the Chinese parent company of TikTok, to sell the video-sharing app to an American buyer, allowing the platform to continue operating in the United States for another 90 days.

Trump signed the executive order on Thursday, formally extending the deadline for a sale until September 17, 2025. In a post on Truth Social, Trump confirmed the move:

“I’ve just signed the Executive Order extending the Deadline for the TikTok closing for 90 days… Thank you for your attention to this matter!”

TikTok’s service remains alive

The extension is aimed at ensuring TikTok’s 170 million American users do not lose access to the platform while ownership negotiations continue.

White House Press Secretary Karoline Leavitt said in a statement that the administration’s priority is to ensure data security while preserving access to the app.

“President Trump does not want TikTok to go dark,” Leavitt said.

“This extension will last 90 days, which the Administration will spend working 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 latest move marks a notable shift in Trump’s stance from his first term in office, when he signed an executive order banning TikTok in 2020 on national security grounds.

That ban was later overturned by US courts.

The Biden administration revived the effort to restrict TikTok through legislation, culminating in a law that mandates ByteDance divest the app to a U.S. buyer or face a ban.

That statute has since been upheld by the US Supreme Court.

TikTok briefly went offline in the US earlier this year after the ban took effect, but service was restored shortly after Trump’s inauguration, following his public signaling that he intended to keep the app operational.

Everybody wants to buy TikTok

ByteDance has yet to publicly indicate whether it plans to comply with the divestment order.

The company previously stated it would not sell TikTok, but it has remained silent since the latest developments.

Ahead of a prior deadline on April 5, several potential buyers expressed interest in acquiring TikTok’s US operations.

Amazon submitted a last-minute bid, while Reddit co-founder Alexis Ohanian joined investor Frank McCourt in a separate proposal.

Other interested parties included Perplexity AI, an AI-powered search startup, and Steven Mnuchin, the former US Treasury Secretary under Trump.

Despite optimism within the Trump administration that a deal could be finalized, escalating trade tensions and a new round of tariffs on Chinese goods complicated negotiations, and no sale was completed before the April deadline.

The complexity of a TikTok deal

While aboard Air Force One on Wednesday, Trump said he believed Chinese President Xi Jinping would ultimately need to approve any sale of TikTok.

ByteDance is headquartered in Beijing, and any transaction involving its core assets would likely require approval from Chinese regulators.

“I think he’ll be amenable,” Trump said, referring to Xi. “If a buyer comes forward, I believe he would have to sign off.”

Analysts view the prolonged process as emblematic of the broader US-China tech rivalry, where issues of national security, data privacy, and geopolitical strategy frequently collide.

TikTok has consistently denied posing any security threat to US users and has said that American user data is not stored in China.

The post Trump grants ByteDance another 90-day extension to sell TikTok appeared first on Invezz

previous post
JPMorgan prefers Uzbekistan over Dubai’s real estate bonds: here’s why
next post
Long ILMN: Illumina bounces from historic support with growing strength, $100 retest in sight

Related Posts

Circle stock downgraded to ‘sell’ even after Trump...

July 22, 2025

Goldman Sachs upgrades Liberty Formula One, cites strong...

July 22, 2025

Powell’s speech today didn’t give Wall Street what...

July 22, 2025

Analysis: EU’s new sanctions rock diesel market, price...

July 22, 2025

Top 3 reasons why NIO stock is a...

July 22, 2025

Polymarket to re-enter US market following regulatory clearance

July 21, 2025

Why did Navitas stock soar 30% after announcing...

July 21, 2025

QS stock plunges 17% today: here’s why the...

July 21, 2025

GE Vernova stock faces a crucial test: will...

July 21, 2025

Microsoft SharePoint breach exposes global firms to data...

July 21, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Circle stock downgraded to ‘sell’ even after Trump signed GENIUS Act into law

      July 22, 2025
    • Goldman Sachs upgrades Liberty Formula One, cites strong capital return potential

      July 22, 2025
    • Analysis: EU’s new sanctions rock diesel market, price hikes expected

      July 22, 2025
    • Powell’s speech today didn’t give Wall Street what it was hoping for: here’s what happened

      July 22, 2025
    • Top 3 reasons why NIO stock is a better pick than Rivian in 2025

      July 22, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 SwingToTrade.com All Rights Reserved.

    Swing To Trade
    • Stock
    • Politics
    • Business
    • Sports