Business Social Media

Trump says TikTok sale deadline will not get extension in US

TikTok - Appy Pie

President Donald Trump said that the US government will not extend the September 20 deadline for China-based ByteDance to sell TikTok.

President Trump remarked, “We’ll see what happens. Itwill either be closed up or they’ll sell it. There will be no extension of the TikTok deadline.”

This announcement by the President adds urgency to negotiations because TikTokwill likely be banned in the US if it can’t reach some agreement with a buyer.

The US last month had issued an executive order claiming there is credible evidence that ByteDancemight take action that threatens to damage the national security of the United States.

US officials also said that that the information on those who use the platform is passed on to Beijing. However, TikTokmade it clear that it would not comply with any request to share user data with the Chinese authorities.

However, TikTokhas sued the Trump administration in response to the ban and said that the executive order is heavily politicized.

TikTokover suing the Trump administration had said, “We far prefer constructive dialogue over litigation. But with the Executive Order threatening to bring a ban on our US operations — eliminating the creation of 10,000 US jobs and irreparably harming the millions of US who turn to this app for entertainment, connection, and legitimate livelihoods that are vital especially during the pandemic — we simply have no choice.”

ByteDance has been looking for a buyer for Tiktokso it can finalize a deal by mid-September and comply with Trump’s order. As ByteDanceis struggling to keep Tiktok’sUS presence alive, Microsoft has emerged as a potential buyer for the platform.

TikTok’s security is also under the lens in several other countries. It was in the list of Chinese apps banned in India over national security and defense concerns and is currently being investigated by French data security watchdog CNIL.

However, TikTok said it has taken “extraordinary measures to protect the privacy and security of TikTok’s user data” by storing data in the US and Singapore and creating barriers between TikTok’s US user data and the data of other ByteDance products like Douyin.

TikTok is commonly known as a video-sharing social networking service among teenagers. The app has exploded in popularity in the US and other Western countries, becoming the first Chinese social media platform to gain significant traction with users outside of its home country.

Since the launch in the US alone, TikTok has over 100 million users and employs about 1,500 people.