Topics
Latest
AI
Amazon
Image Credits:Chip Somodevilla / Getty Images
Apps
Biotech & Health
Climate
Cloud Computing
mercantilism
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
bet on
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
Startups
TikTok
Transportation
speculation
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
video
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
As TikTok stares down animpending Union forbidding , Donald Trump ’s win in the presidential election could be a lifeline .
It ’s a plot twist for the embattled , Chinese - owned social sensitive fellowship . During Trump ’s last presidential term , the chair - elect had been the one toinitiatethe calls to ostracise TikTok , which only petered out because he did n’t win his first effort at re - election in 2020 . But during his 2024 campaign , Trump contract a different approach . Hewrote in all - capson his platform Truth Social , “ FOR ALL OF THOSE THAT need TO bring through TIK TOK IN AMERICA , VOTE TRUMP ! ”
President Bidensigned offon a banknote in April that give ByteDance , the Taiwanese parent fellowship to TikTok , nine months to deal the platform . If ByteDance miscarry to complete a cut-rate sale — which is alikely outcome — it will be banned on January 19 , 2025 , the sidereal day before Trump ’s inauguration . However , ByteDance has the selection of pursuing a 90 - day extension , which would put the chunk in Trump ’s court .
Trump ’s reasoning for his support of a TikTok ban in 2020 echoes the current bipartizan sentiment among legislators who pushed for this legislation . At the time , Trumpraised concernsabout the Chinese Communist Party potentially pull in access to Americans ’ datum ( while there has not been public evidence of the CCP accessing American TikTok user ’ data , there has beenproofthat ByteDance access TikTok substance abuser data ) . Now , the president - elect appear more concerned with how a TikTok ban would benefit Mark Zuckerberg ’s Meta .
“ Without TikTok , you could make Facebook big , and I consider Facebook to be an foe of the hoi polloi , ” Trumptold CNBCin March .
Another reasonableness for Trump ’s changed perspective on TikTok could be his relationship with Jeff Yass , a billionaire GOP presenter and Centennial State - founder of the trading house Susquehanna International Group . Yass and his married woman , Janine , donate over $ 96 million to mightily - leaning PACs during this election cps — and Yass also happens to own7 % of ByteDance .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Though Trump ’s profits might also be a triumph for TikTok , pol ’ hunting expedition promises do n’t always come to fruition .