After a tumultuous year filled with concerns about national security and Chinese ties, the social media app TikTok, owned by Chinese company ByteDance, was temporarily shut down when it disappeared from app stores and left millions of users unable to access the app on Saturday. Though the Trump administration's push for a sale of TikTok before the Sunday deadline, set to take place just before Joe Biden's presidency, has been unsuccessful, Trump has suggested a potential solution: a joint venture between TikTok and an American company, with the US owning 50% of the company. With a 90-day extension of the deadline potentially on the horizon, it appears that the fight over TikTok is far from over.
TikTok's Tumultuous Journey: A Timeline of Government Scrutiny and the Battle for Its Future
TikTok, the popular video-sharing app owned by Chinese company ByteDance, has faced intense scrutiny from the US government in recent years, with concerns raised about national security and Chinese ties. The following timeline provides a comprehensive overview of the key events in this ongoing saga:
Timeline:
Background:
The US government's concerns about TikTok stem from allegations that the app could be used by the Chinese government to collect sensitive user data and spread propaganda. In July 2020, the Committee on Foreign Investment in the United States (CFIUS) began an investigation into TikTok's acquisition of Musical.ly, another video-sharing app, in 2017.
Top 5 FAQs and Answers:
1. Will TikTok be banned in the US?
As of November 2020, TikTok has not been banned in the US. However, the Trump administration has threatened to ban the app if it is not sold to an American company.
2. Why is the US government concerned about TikTok?
The US government is concerned that TikTok could be used by the Chinese government to collect sensitive user data and spread propaganda.
3. What is the status of the TikTok sale?
The Trump administration has set a deadline of November 27, 2020 for TikTok to be sold to an American company. However, a potential joint venture between TikTok and an American company, with the US owning 50% of the company, has been suggested.
4. What does a potential TikTok joint venture mean?
A joint venture between TikTok and an American company would likely involve the US government having a significant stake in the company's ownership and operations. This could potentially address the government's concerns about national security.
5. What will happen to TikTok if it is not sold by November 27th?
If TikTok is not sold to an American company by November 27th, the Trump administration has threatened to ban the app from operating in the US.
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The popular social media app, TikTok, was set to be banned in the US due to national security concerns, impacting 170 million American users and over 7 million small businesses. However, President-elect Donald Trump has announced that he will work with the app's parent company ByteDance to protect national security and allow for a 50% ownership by American companies. This unexpected turn of events has relieved many TikTok users and avoided a potential strain on US-China relations.
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