FinancialfocusHub.com
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
FinancialfocusHub.com
No Result
View All Result
ADVERTISEMENT

Tiktok May Go Dark June 19 Without Trump Lifeline

Alice by Alice
2025-06-17
in News
Tiktok May Go Dark June 19 Without Trump Lifeline
ADVERTISEMENT

ByteDance, TikTok’s parent company, has until June 19 to finalize a deal to sell the popular short-video app or face shutting it down. This looming deadline threatens to cut off access for the app’s 170 million U.S. users.

Trump’s Role in Extending the TikTok Sale Deadline

President Donald Trump previously indicated willingness to extend the deadline for a third time. TikTok briefly went offline in January, but Trump pushed back the original deadline to April amid ongoing sale negotiations. He later signed a second executive order to extend the deadline again, which expires this Thursday.

ADVERTISEMENT

Trump still has the option to delay the deadline further, but it remains unclear how long he can continue to postpone the sale before ByteDance must act.

ADVERTISEMENT

Trump’s Shifting Stance on TikTok

During his first term, Trump sought to ban TikTok, citing national security concerns. However, his position shifted during the 2024 election, when he praised TikTok as a counterbalance to the dominance of Meta’s social media platforms.

ADVERTISEMENT

Trump has had a contentious relationship with Meta CEO Mark Zuckerberg, who suspended Trump from Facebook following the January 6 Capitol attack. Trump later reached a $25 million settlement with Meta over that suspension.

Notably, Trump also credited TikTok with helping attract young voters to his re-election campaign. He invited TikTok CEO Zhou Shouzi to his inauguration, along with tech leaders from Apple, Google, and Meta.

Legal and Legislative Background

U.S. Congress passed legislation, signed by President Joe Biden, aimed at banning TikTok in 2024 unless ByteDance divested its social networking business. If ByteDance failed to comply, U.S. cloud service providers and app stores would be required to remove TikTok or face fines.

However, during the deadline extensions, the Trump administration assured tech companies they would not be fined.

TikTok challenged the ban in court, bringing the case to the Supreme Court. The court ruled in favor of the government’s national security concerns.

National Security Concerns Without Public Evidence

U.S. officials argue the Chinese government could use TikTok for propaganda or gather sensitive data on American users for potential blackmail. Yet, no public evidence has been presented to support these claims.

Potential Buyers Show Interest Amid Trade Tensions

Several buyers have expressed interest in acquiring TikTok. Notable parties include a group led by billionaire Frank McCourt Jr., Microsoft, internet celebrity Mr. Beast, and Oracle co-founder Larry Ellison.

The sale deadline coincides with ongoing U.S.-China trade negotiations. After Trump increased tariffs on Chinese goods in April, China withdrew from a TikTok sale deal. Trump has said any TikTok agreement would likely come after a broader trade deal with China is reached.

Related topics:
  • China Retail Sales Rise As Exports Slow, Tariffs Hit Factories
  • Nvidia’s AI Sovereignty Push Resonates With EU
  • Fed Likely To Pause — No Rate Cuts Soon, Say Wall Street Strategists
ADVERTISEMENT
Previous Post

Trump Says G-7 Exit For ‘Much Bigger’ Reason Than Ceasefire

Alice

Alice

Related Posts

Trump Says G-7 Exit For ‘Much Bigger’ Reason Than Ceasefire
News

Trump Says G-7 Exit For ‘Much Bigger’ Reason Than Ceasefire

2025-06-17
Gold2
News

Citi Calls End To Gold Rally Amid Weak Demand, Fed Cuts

2025-06-17
Domestic Futures Market Closes with Mixed Performance
News

Domestic Futures Market Closes with Mixed Performance

2025-06-17
Zhidi Technology Shareholder Announces Planned Stake Reduction
News

Zhidi Technology Shareholder Announces Planned Stake Reduction

2025-06-17
Mixed Performances in Asia-Pacific Stock Markets
News

Mixed Performances in Asia-Pacific Stock Markets

2025-06-16
Cri Finance Review: Implementation of Policy Package Yields Results, Strengthening Financial Services to Stabilize Growth
News

Cri Finance Review: Implementation of Policy Package Yields Results, Strengthening Financial Services to Stabilize Growth

2025-06-16
Nvidia’s AI Sovereignty Push Resonates With EU
News

Nvidia’s AI Sovereignty Push Resonates With EU

2025-06-16
Fed Likely To Pause — No Rate Cuts Soon, Say Wall Street Strategists
News

Fed Likely To Pause — No Rate Cuts Soon, Say Wall Street Strategists

2025-06-16
China Retail Sales Rise As Exports Slow, Tariffs Hit Factories
News

China Retail Sales Rise As Exports Slow, Tariffs Hit Factories

2025-06-16

Popular Articles

Wti Crude Oil Opened 0.7% Higher and Is Now at $67.57 per Barrel
Stocks

Wti Crude Oil Opened 0.7% Higher and Is Now at $67.57 per Barrel

by jingji05
2025-06-12

WTI crude oil opened ​​0.7% higher​​ at ​​$67.57 per barrel​​, extending gains amid tightening supply signals and improving risk sentiment....

Emerging Equipment: Dai Yue Plans to Reduce His Holdings by No More Than 3.00% of the Company’s Shares

Emerging Equipment: Dai Yue Plans to Reduce His Holdings by No More Than 3.00% of the Company’s Shares

2025-06-16
Tsmc’s Sales in May Were Nt$320.52 Billion, Up 39.6% Year-on-Year

Tsmc’s Sales in May Were Nt$320.52 Billion, Up 39.6% Year-on-Year

2025-06-16
Digital Currency Sector Moves Significantly Higher Chu Tianlong Hits the Limit

Digital Currency Sector Moves Significantly Higher Chu Tianlong Hits the Limit

2025-06-11
The Transaction Volume of Shanghai, Shenzhen and Beijing Exceeded 1 Trillion Yuan

The Transaction Volume of Shanghai, Shenzhen and Beijing Exceeded 1 Trillion Yuan

2025-06-14
China Pushes Ahead with New Accounting Standards for Insurance Contracts

China Pushes Ahead with New Accounting Standards for Insurance Contracts

2025-06-16
South Korea’s Kospi Index Rises to 1%

South Korea’s Kospi Index Rises to 1%

2025-06-15
ECB Officials Call for a Pause in Interest Rate Adjustments

ECB Officials Call for a Pause in Interest Rate Adjustments

2025-06-14

Recent Posts

Tiktok May Go Dark June 19 Without Trump Lifeline
Stocks

Tiktok May Go Dark June 19 Without Trump Lifeline

by Alice
2025-06-17

ByteDance, TikTok’s parent company, has until June 19 to finalize a deal to sell the popular short-video app or face...

Trump Says G-7 Exit For ‘Much Bigger’ Reason Than Ceasefire

Trump Says G-7 Exit For ‘Much Bigger’ Reason Than Ceasefire

2025-06-17
Gold2

Citi Calls End To Gold Rally Amid Weak Demand, Fed Cuts

2025-06-17
US Bonds Slide As Fed Holds Amid Oil Spike

US Bonds Slide As Fed Holds Amid Oil Spike

2025-06-17
crude oil

Oil Jumps After Trump Calls For Tehran Evacuation

2025-06-17
Emerging Markets’ Local Currency Debt Rally As Dollar Weakens

Emerging Markets’ Local Currency Debt Rally As Dollar Weakens

2025-06-17
Insurance12

South Korean Insurers Q1 2025 Net Income Down 15.8% YoY

2025-06-17
Air India Crash Raises Pressure On Aviation Reinsurers

Air India Crash Raises Pressure On Aviation Reinsurers

2025-06-17

Cryptocurrency

Cryptocurrency27

NFT Marketplace X2Y2 to Shut Down After Three Years as Trading Volume Plummets

2025-04-04
Cryptocurrency

Elon Musk Denies U.S. Government Plans to Use Dogecoin, Cryptocurrency Drops 3%

2025-04-01
Cryptocurrency

Gold Bull Peter Schiff Bets on Bullish Gold Amid Bitcoin’s Struggles

2025-03-30
Cryptocurrency

Fidelity Plans to Launch Spot Solana ETF

2025-03-29
Cryptocurrency

BlackRock Launches Bitcoin ETP in Europe: A Key Step for Institutional Adoption

2025-03-28
Cryptocurrency

Closing Bell Movers: GameStop Gains 7% on Earnings, Bitcoin Announcement

2025-03-27
FinancialfocusHub.com

FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.

Recent Posts

  • Tiktok May Go Dark June 19 Without Trump Lifeline 2025-06-17
  • Trump Says G-7 Exit For ‘Much Bigger’ Reason Than Ceasefire 2025-06-17
  • Citi Calls End To Gold Rally Amid Weak Demand, Fed Cuts 2025-06-17
  • US Bonds Slide As Fed Holds Amid Oil Spike 2025-06-17
  • Oil Jumps After Trump Calls For Tehran Evacuation 2025-06-17

TAGS

Useful Links

ABOUT US

Disclaimer

Privacy Policy

Copyright © 2024 financialfocushub.com

No Result
View All Result
  • Home
  • Forex
  • Insurance
  • News
  • Stocks

Copyright © 2024 FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.