‘TikTok is back’: Trump teases future of social media app

President-elect Trump TikTok is returning to the US market, following its brief ban, the company announced during a pre-inauguration rally on Sunday under a new arrangement.

This time, he told supporters gathered in Washington that he aims to strike a deal under which the United States would take 50% ownership of the popular app’s operations.

Friday in the United States The Supreme Court upheld The bipartisan law passed last year would ban TikTok unless Chinese-owned ByteDance sold it by Sunday, citing national security risks due to its ties to China’s communist government. The decision came after months of negotiations over national security concerns related to ownership of the app in China.

Trump says he “most likely” will give TikTok a 90-day extension to avoid the ban

Trump, who claimed the app helped him communicate with Young voters during his election campaignHe urged companies not to let TikTok go dark.

“If you don’t approve it, it’s out of business, it’s worth nothing. If you approve it, it’s worth about a trillion dollars…a crazy number. So I said, ‘I’ll approve, but let me approve.’ He told his supporters that the United States owns 50% of TikTok.

He stressed the importance of keeping the app, saying: “We don’t want to give our business to China. We don’t want to give our business to other people.”

He also said that the joint venture would not pose any risk to the United States

“There is no risk. We do not pay any money. All we do is give them approval without which they will not get anything,” he added.

Possible ban on TIKTOK: What social media apps have appeared in app stores

Before his comments, Trump wrote On social truth He added that he will issue an executive order on Monday, when he is sworn in as the country’s 47th president, “to extend the period of time before the ban imposed by law goes into effect, so that we can reach an agreement to protect our national security.” “

“The order will also confirm that there will be no liability for any company that helped prevent TikTok from going dark prior to my order,” he said.

After Trump pledged to prevent the application from turning dark in the United States, the social media company began to restore its operations in the United States.

The TikTok account on

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“We thank President Trump for providing needed clarity and assurance to our service providers that they will face no penalties in providing TikTok to more than 170 million Americans and allowing more than 7 million small businesses to thrive,” the statement read. “It is a strong position in favor of the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps TikTok in the United States.”

TikTok CEO Xu Qiu is expected to attend Trump’s inauguration. According to Fox News.

Fox News’ Danielle Wallace contributed to this report.