Overview

• President Trump issued an executive order delaying the enforcement of a TikTok ban for 75 days, allowing time to negotiate a potential sale of the app's U.S. operations.
• Trump suggested a 50-50 ownership structure between the U.S. government and a private buyer, naming Elon Musk and Larry Ellison as possible candidates.
• Legal experts question the validity of Trump's executive order, as the deadline for TikTok's compliance with divestiture laws had already passed before his inauguration.
• Critics argue that the proposed deal consolidates executive power over digital platforms and sets a concerning precedent for overriding legislation.
• ByteDance, TikTok's parent company, briefly shut down U.S. operations before the order, highlighting ongoing uncertainty about the app's future.