TikTok Faces Uncertain Future as U.S. Ban Temporarily Suspended

President Trump's executive order grants TikTok a 75-day reprieve while potential buyers, including Oracle and Microsoft, explore acquisition options.

TikTok is temporarily operational in the U.S. after a brief shutdown, following an executive order delaying enforcement of a ban for 75 days.
Apple and Google have removed TikTok from their app stores, preventing new downloads and updates, citing legal uncertainties despite the reprieve.
Oracle and Microsoft are reportedly exploring bids to acquire TikTok, with potential deals involving U.S. oversight and ByteDance retaining a minority stake.
A revised proposal from Perplexity AI suggests merging with TikTok's U.S. operations, allowing the U.S. government to own up to 50% of the new entity without voting power.
President Trump has stated that a decision on TikTok's future ownership will be announced within 30 days, with interest from multiple parties, including Larry Ellison and Elon Musk.