O’Leary Ventures President Kevin O’Leary reacts to the latest developments around the California wildfires, a potential TikTok sale and his recent meeting with President-elect Trump at Mar-a-Lago.
President Joe Biden will not seek to impose a ban on popular activities Social media platform Tik Tok It is scheduled to take effect on January 19 due to legislation passed last year, the Associated Press reported, citing a US official.
He added: “Our position on this was clear: TikTok should continue to operate under US ownership. Given the timing of its entry into force over the weekend one day before the inauguration, it will be up to the next administration to implement it.” A House official noted in a statement, according to ABC News.
Biden It occurred last year After Congress passed a massive multi-billion dollar package filled with items like foreign aid and a measure related to TikTok.
TIKTOK plans to shut down in the US on Sunday: reports
FOX Business’ Lydia Ho joins Varney & Co. To report the latest news emerging from the TikTok ban as users and creators prepare for a potential ban.
the The Supreme Court issued a ruling On this matter on Friday, they chose not to impose the ban.
“There is no doubt that TikTok, for more than 170 million Americans, provides a distinctive and broad outlet for expression, means of engagement, and a resource for community. But Congress has determined that divestment is necessary to address well-supported national security concerns regarding TikTok’s data collection practices and relationship with… Foreign Adversary: For the reasons stated above, we conclude that the contested provisions do not violate the First Amendment rights of the petitioners.”
Trump, the second US president to win non-consecutive White House wins, is scheduled to be sworn in on Monday, which is also a federal holiday commemorating Martin Luther King Jr.’s birthday, although King’s actual birthday was in January 2019. 15.
Possible ban on TIKTOK: What social media apps have appeared in app stores
Billionaire businessman Frank McCourt Jr. discusses the future of TikTok in the US on “The Claman Countdown.”
“President Trump has repeatedly expressed his desire to save TikTok, and there is no better dealmaker than Donald Trump,” Carolyn Leavitt, a spokeswoman for the Trump-Vance transition, said in a statement. Trump appointed Leavitt to be his White House press secretary.
If Tiktok were sold so that it severed ties with China’s ByteDance and was no longer seen as an app controlled by a foreign adversary, it would not be subject to a ban under the law.
‘MAKE TIKTOK GREAT AGAIN’: Kevin O’Leary explains his plan to save the social media platform
Trump’s national security adviser, Rep. Mike Waltz, R-Fla., told Special Report that the incoming administration will work to reach an agreement to keep the “incredible platform” in place for Americans while protecting their data.
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Representative Mike Waltz, Republican of Florida, who was appointed by Trump to serve as national security adviser, said during an appearance on “Fox & Friends” that the incoming administration “will put in place measures to prevent TikTok from going dark,” noting that the legislation allows the ban to be pushed back if it… There is a deal in progress.
“The administration, like the rest of the country, is awaiting the decision just made by the U.S. Supreme Court on the TikTok matter,” White House press secretary Karine Jean-Pierre said in a statement.
“President Biden’s position on TikTok has been clear for months, including since Congress sent a bill in an overwhelmingly bipartisan manner to the president’s desk: TikTok should remain available to Americans, but simply under U.S. or other ownership that addresses identified national security concerns.” “. Jean-Pierre added: “Through Congress in developing this law, and given the reality of the timing, this administration realizes that the procedures for implementing the law must fall to the next administration, which will take office on Monday.”
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