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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Trump says he will revive TikTok, but wants 50% U.S. ownership

On January 18, 2025, TikTok vanished from U.S. devices after a national security ban, sparking chaos for 170 million users and businesses. President-elect Trump promises a surprising revival, contingent on U.S. investors acquiring 50% ownership. The move highlights complex tensions around technology, security, and diplomacy, shaping America’s digital future.

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The day TikTok went dark in the United States marked a pivotal moment in the nation’s digital history. On January 18, 2025, one of America’s most beloved apps vanished from devices across the country, leaving over 170 million users in a state of shock and disbelief. Officially banned on January 19 due to national security concerns, TikTok’s abrupt removal not only disrupted personal and business lives but also amplified critical debates about technology, security, and global relations.

The catalyst for the ban was a growing fear among U.S. lawmakers that TikTok, owned by the China-based company ByteDance, posed a potential risk of leaking sensitive data to the Chinese government. This concern culminated in a landmark unanimous Supreme Court ruling on January 17, granting the President the authority to ban foreign-owned apps seen as security threats. Despite the swift enforcement, the dust had not yet settled as calls for a possible reversal emerged almost immediately.

Enter President-elect Donald Trump, who will be inaugurated on January 20. Trump, in a move signaling a surprising twist, announced his intention to bring TikTok back through an executive order. Speaking to his followers on Truth Social, he proposed a controversial plan: TikTok’s U.S. operations could resume, but only if American investors secured a 50% ownership stake. “This is about security and opportunity,” Trump asserted. “We can protect our data and keep platforms like TikTok that are crucial to Americans, particularly our youth.”

ByteDance responded with cautious optimism, recognizing Trump’s plan as a potential lifeline. Employing over 7,000 Americans, the company is integral to a complex ecosystem of creators, influencers, and small businesses that rely on TikTok’s unparalleled reach. TikTok’s CEO, Shou Zi Chew, also signaled cooperation. Scheduled appearances at a Trump rally and the inauguration have sent a clear message: TikTok is willing to fight for its place in the U.S. digital market.

Beyond TikTok, the ban also impacted related platforms like CapCut and Lemon8, leaving creators and small businesses scrambling. For many, TikTok was not just a social media platform but an essential tool for income and visibility. “TikTok was my lifeline to customers,” lamented one small business owner. In the aftermath, creators have explored alternatives like RedNote, while major players like Meta and Snap have experienced surging user bases. Yet the void left by TikTok’s distinctive culture of authenticity and trend-setting is unlikely to be filled anytime soon.

The international fallout has been equally dramatic. The Chinese Embassy in Washington condemned the U.S. ban, accusing it of using state power to suppress competition unfairly. Diplomatic tensions between the two world powers, already high, have only worsened. Domestically, Americans have flooded platforms like X, formerly Twitter, to voice their frustration, heartbreak, and disbelief. The surge in VPN searches strongly indicates that many are seeking ways to circumvent the ban altogether.

Further complicating the situation are reports of potential U.S.-based ownership for TikTok. Speculations include Elon Musk as a possible buyer, though ByteDance has denied this claim. Other interested parties range from former Los Angeles Dodgers owner Frank McCourt to Perplexity AI, a startup reportedly keen to merge with TikTok’s U.S. operations. However, no decisions have been finalized, leaving the app’s future in a cloud of uncertainty.

 


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