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After months of breathless drama, the Trump administration’s war with TikTok has ended. Or, to be more precise, the Trump team has ghosted the Chinese social network, effectively going silent over the past few weeks, CNBC Reports. And this is of particular concern for TikTok, since the Trump Committee on Foreign Investment in the United States (CFIUS) has ordered its parent company ByteDance to divest its US assets by tomorrow, November 12. To make matters even more confusing, CFIUS did not specify what would happen to the social network if it did not divest from the United States by that date, which led TikTok to ask the committee for a review of the situation. .
Last time we heard it, TikTok was planning to lighten the Trump clan by partnering with Oracle and Wal-Mart in the US, which would own a 20% stake in a newly formed “TikTok Global” company. On September 20, the Trump administration said the president had approved the deal “in theory,” but nothing was ever finalized. A judge subsequently blocked the government from removing TikTok from app stores, and a lawsuit against an influencer also led to another court overturning the November 12 ban.
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