Trump Proposes 'TikTok America' Amid Looming Ban

Trump Proposes 'TikTok America' Amid Looming Ban
In response to TikTok's possible ban, President Donald Trump has proposed the creation of 'TikTok America,' a new company aimed at safeguarding the platform's US operations. This entity would primarily involve American investors while ByteDance retains a minority stake. Trump will act as a broker for the sale, although the approval from the Chinese government remains uncertain. The proposal suggests a 50% ownership by new US investors, with ByteDance potentially holding a 19.9% stake. Various investors, including MrBeast and Perplexity AI, have expressed interest in acquiring TikTok amidst ongoing regulatory challenges.