TikTok gets 75-day extension to comply with a law that requires a sale or ban
President Trump has issued an executive order providing TikTok with a 75-day extension to comply with a law mandating the platform’s sale or ban.
He stated that during this period, the U.S. will not enforce the law enacted by Congress last year and signed by former President Joe Biden.
The order states that the 75-day delay will allow the Trump administration to “determine the appropriate course forward in a structured manner that safeguards national security while preventing a sudden shutdown of a platform used by millions of Americans.”
On Monday, Trump told reporters that he reconsidered his stance on TikTok because he “had the chance to use it.” he went on to say “I have the right to either sell it or close it, and we’ll make that determination,” he added.
Since joining TikTok last year, President Trump has gained nearly 15 million followers, attributing the platform’s influence to his growing support among young voters. However, TikTok’s 170 million U.S. users experienced an outage lasting over 12 hours from Saturday night to Sunday morning.
At least two potential buyers—a group led by billionaire Frank McCourt and “Shark Tank” investor Kevin O’Leary, along with AI search engine PerplexityAI—have submitted formal bids for TikTok, with others reportedly expressing interest.
McCourt’s group has proposed purchasing TikTok’s U.S. assets without the algorithm and rebuilding the app, though tech giants like Meta and YouTube have struggled for years to replicate TikTok’s popular algorithm. O’Leary told CNN that he met with Trump at Mar-a-Lago earlier this month to discuss the app’s future. Meanwhile, McCourt informed CNN that ByteDance’s bankers have acknowledged receipt of their bid, which is expected to be valued at around $20 billion.
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