TikTok is here to stay…sort of. After months of extending the deadline by which ByteDance would be required to sell off U.S. operations of TikTok or be banned, President Donald Trump seems to have finally struck a deal for it to be purchased by American investors. But the deal may leave American TikTok users cut off from the rest of the world.
On Tuesday, Trump once again extended the sale-or-ban deadline, this time until December 16. But he also announced this week that "a deal with China" was now in place. "President Trump and Party Chair Xi will speak on Friday to complete the deal," Treasury Secretary Scott Bessent said on Monday.
Details of this framework are still sketchy. But from what's been reported, it seems that a group of U.S. investors—including Oracle, Silver Lake, and Andr