TikTok has made a significant return to app stores in the United States after a ban that was imposed amid national security concerns. The reinstatement of the popular social media platform follows assurances provided by the Trump administration to Apple and Google that they would not face legal repercussions for allowing downloads of the app, and that the ban would not be enforced immediately.
The ban, which received bipartisan support in Congress, was enacted under a law signed by President Joe Biden. This legislation mandated that TikTok’s Chinese parent company, ByteDance, divest its ownership of the U.S. version of the app to a neutral party, a move aimed at reducing potential risks associated with data privacy and foreign influence. The Biden administration has expressed concerns that TikTok could be exploited by China for espionage and political manipulation, allegations that both TikTok and the Chinese government have consistently denied. Beijing has also dismissed calls for the sale of TikTok’s U.S. operations.
The law prohibiting TikTok was upheld by the Supreme Court, reflecting widespread political support. Although Trump initially championed the ban during his presidency, he later softened his stance, revealing a newfound appreciation for the app during his recent campaign, where he noted the substantial engagement his videos received on the platform.
As TikTok resumed operations last month, users were greeted with a message thanking Trump by name, highlighting his role in the app’s revival. Following the election, TikTok’s CEO Shou Chew met with Trump at his Mar-a-Lago estate and attended his inauguration, indicating a close relationship that may influence future negotiations.
Trump has suggested a potential compromise regarding TikTok’s ownership, proposing that a buyer could acquire the app and split ownership between U.S. interests and its Chinese parent company. He has mentioned Oracle co-founder Larry Ellison and billionaire entrepreneur Elon Musk as potential buyers, indicating that he is open to exploring various ownership structures.
Other figures previously linked to a potential acquisition of TikTok include billionaire Frank McCourt and Canadian businessman Kevin O’Leary, known for his role as a celebrity investor on the show "Shark Tank." Notably, popular YouTuber Jimmy Donaldson, better known as MrBeast, has also expressed interest in purchasing the platform, suggesting that he has received inquiries from investors following his announcement.
As TikTok navigates its uncertain future in the U.S. market, the interplay between national security concerns and the app’s immense popularity continues to shape the conversation around its ownership and operation.