President Trump issued an executive order Friday giving ByteDance 90 days to either sell or spin off its TikTok business in the US.
“There is credible evidence that leads me to believe that ByteDance ... might take action that threatens to impair the national security of the United States,” Trump wrote in the order, which references national security concerns. ByteDance is based in China, and the Trump administration has recently suggested that the company could share information about Americans with the Chinese government. The company has denied it does so.
The move gives TikTok a bit of a reprieve from Trump’s August 6th order that would have blocked all US transactions with ByteDance, TikTok’s parent corporation, due to what the...
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