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Donald Trump proposes US government acquire half of TikTok, which thanks him and restores service

(2025/01/20)


US president-elect Donald Trump appears to have proposed the government he will soon lead should acquire half of made-in-China social media service TikTok’s stateside operations.

That suggestion came in a Sunday [1]post by Trump in which he promised, once inaugurated as president, to issue an executive order that will extend the period of time before a law that requires TikTok either find a US owner or shutter its services at midnight on January 19th. The law also prohibited the supply of services that would keep TikTok operating but makes it possible to extend the deadline for the app’s shutdown.

The law that bans TikTok is the [2]Protecting Americans from Foreign Adversary Controlled Applications Act and passed Congress and the Senate with substantial majorities after lawmakers were satisfied that, as the law states, TikTok is controlled by a foreign adversary and a threat to national security.

[3]

TikTok fought the law, claiming it would unlawfully restrict free speech, and appealed all the way to the Supreme Court which last week [4]rejected its argument .

[5]

[6]

As ByteDance, TikTok’s owner, had not sold the app, over the weekend its performance started to degrade – presumably as suppliers stopped delivering services the app relies on ahead of the Sunday midnight shutdown deadline. Apple, for example, [7]listed all the ByteDance apps it removed from its App Store and informed users that while the software would continue to function on their devices, in-app purchases and new subscriptions are no longer possible and performance may degrade over time.

While TikTok made and its suppliers prepared to comply with the law, Trump intervened with a pledge to make the executive order to keep the app running “so that we can make a deal to protect our national security.”

[8]

He added that his initial thoughts on keeping TikTok available in the US involved “a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership in a joint venture set up between the U.S. and whichever purchase we so choose.”

“By doing this, we save TikTok, keep it in good hands and allow it to say up. Without U.S. approval, there is no Tik Tok. With our approval, it is worth hundreds of billions of dollars - maybe trillions.” Trump also wrote that keeping the app alive for now is reasonable as “Americans deserve to see our exciting Inauguration on Monday, as well as other events and conversations.”

TikTok responded with a [9]Xeet in which it advised it had begun restoring service and thanked Trump “for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans” and promised to “work with President Trump on a long-term solution that keeps TikTok in the United States.” This is therefore a win for TikTok, which had [10]sought Trump’s intervention.

[11]

The Biden administration has already said it will leave a decision about TikTok’s fate to Trump, who in 2020 [12]worked to ban the app before backing down.

[13]Microsoft invites Chinese software vendors to sell on its marketplace and through its partners

[14]US adds web and gaming giant Tencent to list of Chinese military companies

[15]Telco engineer who spied on US employer for Beijing gets four years in the clink

[16]Trump's pick to run the FCC has told us what he plans: TikTok ban, space broadband, and Section 230 reform

Trump has since made reducing wasteful government spending a signature policy and his Republican generally argues for that and for small government. The incoming President’s post does not explain how acquiring half of a social media company meets those goals, or how the acquisition would be funded.

At the time of writing no serious bidder emerged for TikTok’s US operations, as the law requires if it is to continue to operate in the US. Whether TikTok’s owner ByteDance is interested in a sale also remains unknown, as is whether Chinese authorities would allow ByteDance to divest. Another unknown is whether TikTok’s US operations are profitable, as the company’s Cayman Islands registration means its finances are opaque.

Elon Musk, joint leader of the incoming administration’s cost-cutting crew the Department of Government Efficiency and also owner of social network X, [17]weighed in with his opposition to a TikTok ban due to his preference for freedom of speech. “That said, the current situation where TikTok is allowed to operate in America, but 𝕏 is not allowed to operate in China is unbalanced. Something needs to change,” he added.

Trump’s nominee to serve as Secretary of State, Marco Rubio, also lamented the lack of balance in US/China relations during his confirmation hearings last week.

“The Chinese believe that the United States are a great power in an inevitable decline and that they are in an inevitable rise,” he [18]told the Senate Committee for Foreign Relations. “The danger is that, because of our own actions in many cases, a dangerous imbalance is built up in that relationship.” ®

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[1] https://truthsocial.com/@realDonaldTrump/posts/113855616848696050

[2] https://www.congress.gov/bill/118th-congress/house-bill/7521/text

[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2Z43YdzfmiQq7f-id6OClWQAAARg&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0

[4] https://www.theregister.com/2025/01/17/scotus_upholds_tiktok_ban/

[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Z43YdzfmiQq7f-id6OClWQAAARg&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Z43YdzfmiQq7f-id6OClWQAAARg&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[7] https://support.apple.com/en-us/121596

[8] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Z43YdzfmiQq7f-id6OClWQAAARg&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[9] https://x.com/TikTokPolicy/status/1881030712188346459

[10] https://www.theregister.com/2024/12/10/tiktok_appeal/

[11] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Z43YdzfmiQq7f-id6OClWQAAARg&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[12] https://www.theregister.com/2020/08/07/us_wechat_tiktok_national_security_threats/

[13] https://www.theregister.com/2025/01/09/microsoft_invites_chinese_isvs_to_marketplaces/

[14] https://www.theregister.com/2025/01/07/tencent_catl_chinese_military_company_list/

[15] https://www.theregister.com/2024/11/27/telco_spy_beijing_jailed/

[16] https://www.theregister.com/2024/11/19/brendan_carr_fcc/

[17] https://x.com/elonmusk/status/1880975630646612254

[18] https://www.rev.com/transcripts/marco-rubio-confirmation-hearing

[19] https://whitepapers.theregister.com/



Dinanziame

So, the US government is going to pay $20B to buy half of TikTok, or they're going to seize it? I can't imagine either happening...

Rafael #872397

Maybe one oligarch who already owns a social network will buy it really, really cheap?

Nah, that would never happen.

Hey all you republicans

DS999

I thought you hated socialism. What Trump is calling for is the very definition of socialism. Why do I have a feeling you are going to be cheering it on, and claiming this is somehow capitalism in action?

Nice company you’ve got there

Winkypop

Shame if someone came along and took it.

- Big Don

This is ...

jake

... how he proposes to cut government spending?

By burning $20,000,000,000 of the US tax payer's money on something that is completely unnecessary to anybody, anywhere?

With our approval, it is worth hundreds of billions of dollars - maybe trillions

Howard Sway

Has Elon been doing social media company valuations again? Despite the fact that a competitor company that also does nothing more than spew an endless stream of piss poor quality 15 second home made videos of idiots acting like dicks into mobile phones would be trivial to set up, that valuation would need an underlying business model and income stream greater than any company in human history, as any business savvy person worth taking seriously would realise.

Trump wants to *save* TicTok?

Sora2566

I'm impressed that a man as overweight as that is able to backflip so hard.

Media affiliated state

Flocke Kroes

Musk has previously ranted about "state affiliated media" and falsely labelled [1]NPR and the [2]BBC as such by not checking for [3]evidence to the contrary .

The USA now has a social media affiliated government. The first act of Musk's new government will be to buy out a competitor with tax payers' money,

[1] https://www.npr.org/2023/04/05/1168158549/twitter-npr-state-affiliated-media

[2] https://www.bbc.co.uk/news/entertainment-arts-65248554

[3] https://arstechnica.com/tech-policy/2023/04/musk-admits-npr-isnt-state-affiliated-after-asking-questions-he-could-have-googled/

deevee

What a joke, the Chinese government owns ZERO percent of TikTok (which is a Singaporean company), but the US 50%?!

I think we can all see what sort of propaganda the platform would become if that happened..

Seems Trump thinks this will satisfy the "divestiture" requirement.

https://vt.tiktok.com/ZS6qnGFDE/

National Security

Criminny Rickets

Wasn't the point of shutting down TikTok or divesting Chinese ownership was to protect US National Security interests. Well there you go, easy fix, If they don't want the Chinese to know any national security secrets, don't post them to TikTok. There you go Donald, I just saves you 20 billion dollars. You can send some of those savings my way.

Re: National Security

Yorick Hunt

No, the point has always been to punish them for allowing posts critical of zionists in general and genocidal crimes in particular.

Michael Hoffmann

So, it will now be half US propaganda, half Chinese?

Why can I now think of nothing but "that's like the Voelkischer Beobachter and Pravda merging"?

If you do something right once, someone will ask you to do it again.