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TikTok Is Back
TikTok made its services available again in the United State on Sunday afternoon after the President Donald Trump came out to state that he would put on hold a federal ban on the app once he has been inaugurated on January 20.
The short video service app has had to cease operations on Sunday as it cited “national security issues”. The order also asked Bytedance, the Chinese parent company of TikTok to sever ties with the application in the United States.
At the same time, in an attempt at lessening the burden on manufacturers of renewable energy subsidies, it also permitted president to grant a 90-day extension if a ‘credible sale’ was under way.
Donald Trump, who is swearing-in as US President on January 20, said he wants to give the company more time to “make a deal” to comply with a federal order. The Republican said he “would like the United States to have a 50 per cent ownership position in a joint venture,” claiming that the app's value could surge to “hundreds of billions of dollars -- maybe trillions”.
“By doing this, we save TikTok, keep it in good hands,” wrote Trump on his social media platform Truth Social.
Following Trump's comments, TikTok issued a statement saying it “is in the process of restoring service.”
“We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans,” the company said.
“As a result of President Trump's efforts, TikTok is back in the U.S.!” the message to the app's users read.