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Trump orders TikTok's Chinese-owned parent company to sell off operations in US within 90 days over ‘security risk'

1 month ago   |   By The Sun


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Trump takes another swing at TikTok with a new executive order seeking to force parent company ByteDance to sell the viral video app

Trump takes another swing at TikTok with a new executive order seeking to force parent company ByteDance to sell the viral video app

1 month ago   |   By Business Insider

Trump issued a new executive order Friday seeking to force ByteDance to sell popular viral video app TikTok.
Trump's order aims to retroactively invalidate ByteDance's purchase of Musical.ly, the app that eventually became TikTok, following a review by the federal agency in charge of overseeing foreign investments that could pose national security risks.
The agency opened its probe into the deal last November, and US Treasury Secretary Steve Mnuchin said in a statement on Friday that the agency completed an "exhaustive review" and "unanimously recommended" that Trump unwind the deal.
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