Trump issued an executive order on Jan. 20 to extend the ban on TikTok, implemented by former President Joe Biden last year. The order granted a 75-day extension, which Trump said will allow him to consult with his advisors and heads of "relevant" departments and agencies to address national security concerns posed by TikTok.
Whether TikTok stays with Perplexity AI's backing or goes, without that juicy algorithm ByteDance doesn’t seem willing to part with, the app won't ever be the same.
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
During the outage, even users who had previously downloaded TikTok were unable to access the app. While service has since been restored, the app remains unavailable for download in U.S.-based app stores, leaving new users unable to access it.
There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok sale. Analysts have suggested that China may agree to a TikTok sale if Trump backs down on tariff threats.
U.S. President Donald Trump predicted on Monday there will be many people bidding to own TikTok, and he does not want China involved in the popular social media company.
Donald Trump is huddling with House Republicans at a GOP retreat on Monday. Keep up with live updates from the USA TODAY Network.
Chinese startup DeepSeek has caused a massive stir in the AI world, with Donald Trump looking set for another TikTok-style headache amid concerns over DeepSeek's competitive edge and privacy policies.
President Donald Trump on Monday said Microsoft was in talks to acquire TikTok, shortly after the social media app went dark last week. Trump also said he would like to see a bidding war over the app.
There's not a more unstoppable stock to park your money in than Berkshire Hathaway. Warren Buffett originally acquired a controlling stake in this former textile business over 50 years ago. Using his investing skills, he carefully assembled the world's greatest collection of businesses under one corporate umbrella.
The latest TikTok prank featuring a desi man's video has gone viral, but many criticize it as racist and dehumanizing.