So, TikTok’s U.S. future is basically a reality show at this point, and Trump is back in the mix, saying there are four different groups looking to buy the app.
He dropped this little update while chatting with reporters on Air Force One, making it clear that whatever happens, it’s ultimately his call. Classic.
The deadline for TikTok to sell to a U.S. company or face a ban is creeping up—April 5, to be exact—so things are getting serious.
Trump’s throwing out big names like Elon Musk and Larry Ellison as possible buyers.
Musk hasn’t actually said he wants TikTok, but he has been vocal about being against banning it.
Meanwhile, a group called “The People’s Bid,” featuring Reddit co-founder Alexis Ohanian, former Dodgers owner Frank McCourt, and “Shark Tank” investor Kevin O’Leary, is also in the mix.
Ohanian’s take is that TikTok changed the game for creators, so it should be built with them in mind.
All of this is happening because a law from January forced ByteDance, TikTok’s Chinese parent company, to either sell or shut down U.S. operations over national security concerns.
The Supreme Court backed the law, leading to a short-lived ban, but then Trump got back in office and hit pause, giving TikTok a 75-day extension to figure things out.
Now, here’s where it gets extra interesting—Trump is floating the idea of the U.S. government owning 50% of TikTok through a sovereign wealth fund.
That way, some of it stays under American control, easing those security fears. It’s a wild concept, but given how unpredictable this whole situation has been, it’s not off the table.
At the end of the day, Vice President JD Vance and National Security Advisor Michael Waltz are the ones working behind the scenes to get a deal done before the deadline.
Whether TikTok ends up with new owners or gets kicked out of the U.S., we’ll know soon enough. Stay tuned. |