Categories: Business

Trump announces suspension of the law against TikTok and demands 50% shareholding, the application thanks the President-elect

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Pour l'heure le réseau social TikTok ne fonctionne plus aux Etatx-Unis. dpa

Le réseau social créé par une entreprise chinoise a cessé de fonctionner ce dimanche 19 janvier aux Etats-Unis où il a plus de 170 millions d'utilisateurs.

President-elect Donald Trump announced this Sunday, January 19, his intention to issue a decree once he is inaugurated on Monday to suspend the law banning TikTok in the United States, and proposed that the social network be controlled 50% by American shareholders.

The law passed in Congress in 2024 came into force on Sunday, making the short video platform inaccessible to more than 170 million users in the United States.

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The text provides for the possibility for the head of state to postpone the implementation by 90 days while he finds a buyer, an alternative offered to TikTok's parent company, the Chinese company ByteDance, in place of the ban.

ByteDance has so far refused to sell this platform, which was launched just ten years ago and has become essential for a large majority of young Internet users.

Trump encourages internet providers to immediately restore

Donald Trump even encouraged internet providers and app stores to immediately restore access to TikTok, promising that his decree would retroactively protect them from possible sanctions.

The law provides for very heavy fines for these technical service providers, up to $5,000 per user for app stores.

“I ask companies not to leave TikTok in the dark ! “, urged the real estate developer on his Truth Social network.

Donald Trump also unveiled the outlines of what he considers to be a solution to the sensitive issue of control of TikTok's subsidiary in the United States by Chinese interests.

“I would like to see a joint company controlled 50% by Americans”, wrote the president-elect. “Without an American agreement, there is no TikTok. With our approval, it is worth several hundred billions, even trillions.”

The network is working to restore it

Concretely, TikTok stopped working in the United States late Saturday, January 18 at the end of the day and disappeared from Google's app stores and Apple, before a law banning the application in the country comes into force this Sunday, January 19, 2025.

The social network announced this Sunday that it was working to restore access to its application in the United States, just hours after suspending it to comply with a law passed in Congress.

In a message posted on X (formerly Twitter), the group thanked President-elect Donald Trump for assuring internet service providers and app stores that they would escape the heavy penalties provided for by the law.

Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116

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