Overview

• The current extension under the divest-or-ban law expires June 19, requiring ByteDance to sell TikTok’s U.S. operations or face app removal.
• White House officials say Beijing is using TikTok as a bargaining chip in high-stakes negotiations over tariffs and trade terms.
• Oracle founder Larry Ellison has expressed interest in buying TikTok’s U.S. arm through a consortium of American investors.
• Trump has publicly acknowledged a “little sweet spot” for the app and credits it with helping him secure victory among younger voters in 2024.
• Wall Street insiders warn the president could allow TikTok to “go dark” if it yields leverage in ongoing U.S.–China trade discussions.