TikTok thanks users as Trump vows to ban app

TikTok could be ordered divested from its Chinese parent firm under an order reportedly being prepared by US President Donald TrumpMore

TikTok could be ordered divested from its Chinese parent firm under an order reportedly being prepared by US President Donald TrumpMore

A TikTok spokesperson said that its largest investors come from the USA and the platform is a job creator committed to the privacy and safety of its 100 million American users.

TikTok thanked its users for their loyalty in a Saturday video, promising that the Chinese-owned app is "not going anywhere", even as US officials discuss a nationwide ban due to security concerns.

Cooper said she views her TikTok videos as a way to force viewers to reckon with - or fact-check - some of the president's most outlandish statements.

ByteDance acquired Shanghai-based video app Musical.ly in a $1 billion (764.5 million pounds) deal in 2017 and relaunched it as TikTok the following year.

Update 8/1 1:30PM PT: The Wall Street Journal is reporting that the deal ByteDance and Microsoft were pitching as a way to keep TikTok running as a US company here in the states is on hold.

It also remains uncertain exactly what Trump's "ban" threat entails, or under what legal argument he'd block a Microsoft acquisition.

The potential deal would be a victory for both companies, making Microsoft Corp. a major player in the social media arena and providing relief to TikTok and its parent company, Bytedance Ltd, a target of President Donald Trump's.

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"Everyone is live right now", said Ehi Omigie, who has about 25,000 followers on TikTok, in a livestream on the app Friday night after news broke of a possible USA ban.

Last week, the U.S. Senate Committee on Homeland Security and Governmental Affairs passed a bill to ban the app on government-issued devices, according to Reuters.

Under ByteDance's new proposal, Microsoft will be in charge of protecting all U.S. user data, the sources said. "We are looking at a lot of alternatives with respect to TikTok", Trump's voice can be heard saying as Sarah's mouth moves and her hair blows up in the air in the amusing TikTok video, which can be seen below.

"As far as TikTok is concerned, we're banning them from the United States", Trump said on Friday. It has said it has tens of millions of USA users and hundreds of millions globally.

Trump's move comes following a review by the Committee on Foreign Investment (CFIUS) in the United States, which investigates deals affecting U.S. national security. "We may be doing some other things and also alternatives for TikTok".

A deal would give the American software giant a popular social-media service and possibly relieve USA government pressure on the Chinese owner of the app. The proposal values TikTok at about $50 billion, but some ByteDance executives believe the app is worth more than that. Republicans have accused the company of trying to "meddle" in the U.S. presidential election.

With hundreds of millions of active users, TikTok could give Microsoft access to a large group who otherwise might not be exposed to its products on a daily basis.

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