By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Muchee NewsMuchee NewsMuchee News
Reading: TikTok CEO Bows to Trump’s Demands, Agrees to 50% U.S. Stake to Save Platform
Share
Notification Show More
Font ResizerAa
Font ResizerAa
Muchee NewsMuchee News
Search
Have an existing account? Sign In
Follow US
Muchee News > Business > TikTok CEO Bows to Trump’s Demands, Agrees to 50% U.S. Stake to Save Platform
TikTok CEO Bows to Trump’s Demands, Agrees to 50% U.S. Stake to Save Platform
BusinessNews

TikTok CEO Bows to Trump’s Demands, Agrees to 50% U.S. Stake to Save Platform

Muchee News
Last updated: January 20, 2025 1:20 pm
Muchee News Published January 20, 2025
Share
SHARE

Following Donald Trump’s bold proposal at his January 19, 2025, inauguration rally, the CEO of TikTok has announced his full agreement to the former president’s terms, including granting the United States a 50% ownership stake in the platform. The announcement, made through a video post, reflects the CEO’s determination to protect the company from a potential ban and secure its place in the U.S. market.

“We recognize the concerns raised by President Trump and are prepared to meet every condition he outlined,” the CEO said in his statement. “This platform has grown into a global hub of creativity and connection, and we will do whatever it takes to preserve this dream.”

During his rally, Trump described TikTok’s significant financial impact, calling it “a hell of a lot of money,” and emphasized the need for the U.S. to benefit from the platform’s success. His proposal to require a 50% U.S. stake was framed as a way to ensure transparency, accountability, and the safeguarding of national security.

In his video, the TikTok CEO echoed Trump’s concerns, pledging to work with U.S. regulators to enhance data privacy and operational oversight. “This is not just about business; it’s about trust,” he stated. “We are committed to building a future where TikTok aligns with the values and interests of its American users.”

The CEO’s concession is seen as a significant step in resolving the longstanding tensions between TikTok and U.S. authorities. However, the decision has sparked widespread debate, with supporters applauding the move as a pragmatic solution to ensure the platform’s survival, while critics warn of the implications for international business independence.

As the negotiations advance, all eyes will be on how both parties structure this historic agreement and its potential impact on the tech industry’s global landscape.

TAGGED:BusinessNews
Share This Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Muchee News All Rights Reserved.
Welcome Back!

Sign in to your account

Register Lost your password?