Trump’s solution to the TikTok predicament is ‘TikTok America’
After delaying a US-imposed ban on TikTok earlier this year, the Trump Administration has a new plan to keep the wildly popular short-form video platform in the US.
The yet-unannounced plan would be to create a new company, called “TikTok America” and divvy ownership up in a way that favors US investors. TikTok America would be 50% owned by new US investors, 30% by existing investors, and 19.9% by ByteDance, the company that created TikTok.
As The Information points out, it’s not clear whether or not the Chinese government has agreed to this plan. It’s also unclear what Bytedance thinks of the idea.
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Source: AppleInsider News
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