TikTok is “restoring service” in the United States following today’s ban. “In agreement with our service providers, TikTok is in the process of restoring service,” the app’s team announced in a statement. “We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive.”
“It’s a strong stand for the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps TikTok in the United States.”
The update came after Trump pledged to save the app by executive order. “I’m asking companies not to let TikTok stay dark!” Trump wrote on Truth Social. “I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security. The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order.”
“Americans deserve to see our exciting Inauguration on Monday, as well as other events and conversations.”
“I would like the United States to have a 50% ownership position in a joint venture,” Trump continued. “By doing this, we save TikTok, keep it in good hands and allow it to say up. Without U.S. approval, there is no Tik Tok. With our approval, it is worth hundreds of billions of dollars – maybe trillions.”
“Therefore, my initial thought is a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership in a joint venture set up between the U.S. and whichever purchase we so choose,” Trump concluded.
TikTok Shuts Down — For Now