UPDATE: The Wall Street Journal is reporting that Microsoft and ByteDance have put talks on hold as the companies seek to get clarity from the White House. The two firms had been in talks, a source familiar with the negotiations said, and Trump’s comments last night caught them by surprise. Another source said that the White House was involved in the talks for weeks and that the goal is for TikTok to be owned by an American company. In a statement today, a White House spokesman said, “The administration has very serious national security concerns over TikTok. We continue to evaluate future policy.“
ByteDance will divest TikTok and the unit will be run by Microsoft in the states
TikTok’s U.S. General Manager Vanessa Pappas posted a message to the TikTok community on the app this morning that did not mention any hint of a U.S. ban. She said, “I want to say thank you to the millions of Americans who use TikTok every day bringing their creativity and joy into our daily lives. We’ve heard your outpouring of support and we want to say thank you. We’re not planning on going anywhere. TikTok is a home for creators and artists to express themselves, their ideas, and connect with people across different backgrounds. And we are so proud of all the various communities that call TikTok their home.
I’m also proud of our 1,500 U.S. employees who work on this app every day and the additional 10,000 jobs that we are bringing into this country over the next three years. I’m thrilled about our U.S. Creator Fund where we just announced our $1 billion fund to support our creators and when it comes to safety and security, we’re building the safest app because we know it’s the right thing to do. So we appreciate the support. We’re here for the long run and continue to share your voice here and let’s stand for TikTok.”
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