President Trump Takes a Swipe at TikTok

Updated: Aug 24

8/15/2020 — Variety reports today that President Trump, in a new executive order Friday evening, set a 90-day deadline for China’s ByteDance to fully divest the U.S. assets of TikTok based on the U.S. government’s fears that the video app threatens America’s national security. That means Beijing-based ByteDance will have until Nov. 12 to find a U.S.-based buyer (or buyers) for TikTok operations in America. The order officially forces the unwinding of ByteDance’s 2017 acquisition of Muiscal.ly.

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