financetom
Business
financetom
/
Business
/
Trump says it could be worth keeping TikTok in US for a little while
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump says it could be worth keeping TikTok in US for a little while
Dec 22, 2024 12:01 PM

By Gram Slattery

(Reuters) - President-elect Donald Trump indicated on Sunday that he favored allowing TikTok to keep operating in the United States for at least a little while, saying he had received billions of views on the social media platform during his presidential campaign.

Trump's comments before a crowd of conservative supporters in Phoenix, Arizona, were one of the strongest signals yet that he opposes a potential exit of TikTok from the U.S. market.

The U.S. Senate passed a law in April requiring TikTok's Chinese parent company, ByteDance, to divest the app, citing national security concerns.

TikTok's owners have sought to have the law struck down, and the U.S. Supreme Court has agreed to hear the case. But if the court does not rule in ByteDance's favor and no divestment occurs, the app could be effectively banned in the United States on Jan. 19, one day before Trump takes office.

It is unclear how Trump would go about undoing the TikTok divestiture order, which passed overwhelmingly in the Senate.

"I think we're going to have to start thinking because, you know, we did go on TikTok, and we had a great response with billions of views, billions and billions of views," Trump told the crowd at AmericaFest, an annual gathering organized by conservative group Turning Point.

"They brought me a chart, and it was a record, and it was so beautiful to see, and as I looked at it, I said, 'Maybe we gotta keep this sucker around for a little while'," he said.

Trump met with TikTok's CEO on Monday. Trump said at a news conference the same day that he had a "warm spot" for TikTok thanks to his campaign's success on the app.

The Justice Department has argued that Chinese control of TikTok poses a continuing threat to national security, a position supported by most U.S. lawmakers.

TikTok says the Justice Department has misstated the social media app's ties to China, arguing that its content recommendation engine and user data are stored in the United States on cloud servers operated by Oracle Corp ( ORCL ), while content moderation decisions that affect U.S. users are made in the United States.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Core Scientific Expands Credit Facility to $1 Billion
Core Scientific Expands Credit Facility to $1 Billion
Mar 23, 2026
08:09 AM EDT, 03/23/2026 (MT Newswires) -- Core Scientific ( CORZ ) said Monday it closed an additional $500 million commitment from JPMorgan Chase ( JPM ) to expand its 364-day credit facility to $1 billion. The newly closed financing adds to a previously announced $500 million commitment from Morgan Stanley ( MS ) , and the borrowings under the...
ASP Isotopes Completes Well Drilling for Helium Project in South Africa
ASP Isotopes Completes Well Drilling for Helium Project in South Africa
Mar 23, 2026
08:13 AM EDT, 03/23/2026 (MT Newswires) -- ASP Isotopes ( ASPI ) said Monday its has completed drilling the required wells for the first phase of the Renergen Helium Project, part of the Virginia Gas Project in South Africa, around four months ahead of schedule. Once the wells have been completed and connected to a processing plant and the gas...
MySize Subsidiary Signs Non-Binding LOI to Acquire Selected Assets of EyeFitU to Expand AI Sizing Platform and Global Customer Base
MySize Subsidiary Signs Non-Binding LOI to Acquire Selected Assets of EyeFitU to Expand AI Sizing Platform and Global Customer Base
Mar 23, 2026
EyeFitU's Approximately $440,000 in Annual Recurring Revenue Expected to Be Accretive to Naiz Fit, with Potential to Grow MySize's Four-Part Platform Helps Brands Cut Returns, Sell More Inventory, and Expand Distribution; EyeFitU Assets Expected to Strengthen the Naiz Fit Sizing Engine AIRPORT CITY, Israel, March 23, 2026 /PRNewswire/ -- MySize, Inc. (MySize or the Company) today announced that its subsidiary...
EasyJet warns Iran war will push up ticket prices from end of summer
EasyJet warns Iran war will push up ticket prices from end of summer
Mar 23, 2026
NEWCASTLE, England, March 23 (Reuters) - The chief executive of easyJet said European consumers would start to see higher ticket prices as a result of the Iran war towards the end of summer, when existing fuel hedges come to an end. The reality is that prices will start feeding through to the consumer towards the back end of the summer,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved