Incoming American president, Donald Trump have given an update on the bannof TikTok in the United States.
READ ALSO: Tiktok CEO thanks Donald Trump for working towards keeping Tiktok available in the United States
TikTok was shut down in America just a day ago and there are ongoing plans to come into an agreement for the app to operate fully in the United States.
According to Donald Trump, Plans are underway with owners of the app to have a joint venture between them and the United States.
The joint venture if successful, will see the United States have a 50% ownership of the application.
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In a social media post, Donald Trump wrote:
“I’m asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security. The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order.
Americans deserve to see our exciting Inauguration on Monday, as well as other events and conversations.
I would like the United States to have a 50% ownership position in a joint venture. 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.
Therefore, my initial thought is 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.”
READ ALSO: TikTok announces they are restoring service following Trump’s intervention
